Dear shareholder,
Dear Madam,
- generally good results in the group’s core segments, which is reflected in a 5% higher profit contribution;
- a positive evolution of the Growth Capital participations, both within the consolidated participations as well as in the more recent initiatives in
India andSouth-East Asia ; - the
97.2 million euros capital gain on the sale ofManuchar .
After the sale of Anima (closed in
"In a challenging environment with steep cost increases, deteriorating consumer confidence and decreasing stock markets, the companies of the group have shown high resilience and the diversified portfolio has once again proven its pertinence, among others through the positive impact of the increasing raw material prices on the results of SIPEF.
The more than330 million euros capital gain that will be realised over the full year 2022 following the divestment ofManuchar and Anima again confirms the underlying added value in our portfolio. We are proud of what we have built together with the employees and management teams of both companies over the past 15 years and wish them every success in their further development. Anima has grown from scratch into a high quality and respected manager of residential care centres inBelgium with 2,710 beds, whileManuchar has developed into one of the most prominent and reliable distributors of chemicals for growth markets with more than 2,250 employees. We look forward to opportunities to put the more than460 million euros cash from these exits to work, successfully building other companies together with their family shareholders and management teams."
co-CEO's
Please find attached the press release.
Best regards,
Attachment
- AvH press release
© OMX, source