Wendel

[ILAD]

Citi a repris la couverture de Wendel avec une recommandation d’Achat et un objectif de cours de 133 euros. Bien que la croissance de l'actif net réévalué de Wendel ait été modérée ces dernières années, le bureau d'études prévoit une croissance de 13% en 2024. Il signale par ailleurs que les actions de Wendel se négocient avec une décote d'environ 50% par rapport à l'actif net réévalué et qu'une deuxième année de croissance à deux chiffres de l'actif net réévalué, contribuera à réduire cette décote.

[Decanus]

2024 Full-Year Results: a very active year, a dual model in place, strong value creation & a growing return to shareholders Fully diluted1 Net Asset Value per share of €185.7, representing a +16.9% year-over-year value creation, adjusted for the dividend paid Dividend boosted at €4.7 per share, up +17.5% year-over-year Strong portfolio rotation: more than €2 billion of capital reallocation Significant expansion of the Asset Management platform in Europe and US, and development of our dual business model towards more recurring cash flows and growth Fully diluted Net Asset Value2 as of December 31, 2024: €185.7 per share, up +14.4%

[Beurs]

Valt mij niet tegen !!

[Decanus]

2024 Full-Year Results: a very active year, a dual model in place, strong value creation & a growing return to shareholders Fully diluted1 Net Asset Value per share of €185.7, representing a +16.9% year-over-year value creation, adjusted for the dividend paid Dividend boosted at €4.7 per share, up +17.5% year-over-year Strong portfolio rotation: more than €2 billion of capital reallocation Significant expansion of the Asset Management platform in Europe and US, and development of our dual business model towards more recurring cash flows and growth Fully diluted Net Asset Value2 as of December 31, 2024: €185.7 per share, up +14.4%

Eerder hebben we gelezen dat het dividend op middellange termijn richting 3,5 % van IW zal evolueren .

[ILAD]

2024 Full-Year Results: a very active year, a dual model in place, strong value creation & a growing return to shareholders Fully diluted1 Net Asset Value per share of €185.7, representing a +16.9% year-over-year value creation, adjusted for the dividend paid Dividend boosted at €4.7 per share, up +17.5% year-over-year Strong portfolio rotation: more than €2 billion of capital reallocation Significant expansion of the Asset Management platform in Europe and US, and development of our dual business model towards more recurring cash flows and growth Fully diluted Net Asset Value2 as of December 31, 2024: €185.7 per share, up +14.4%

Eerder hebben we gelezen dat het dividend op middellange termijn richting 3,5 % van IW zal evolueren .

Ordinary dividend of €4.70 per share for 2024, up +17.5% compared to 2023, to be proposed at the
Annual Shareholders’ Meeting on May 15, 2025, representing slightly above 2.5% of NAV and a 4.8%
yield vs share price as of February 21, 2025. This dividend level takes into account the first partial
integration of Asset management activities into Wendel in 2024, which will be mechanically higher in
2025.

$1.13 billion will be invested in equity to acquire 75% of Monroe Capital, as announced on
October 22, 2024 (closing expected in the first quarter of 2025)

https://www.wendelgroup.com/wp-content/ ... y-2024.pdf

[ILAD]

Wendel annonce le succès du placement d’actions Bureau Veritas
dans le cadre d’une vente à terme préfinancée d’une durée de
trois ans représentant environ 6,7 % du capital, augmentant sa
flexibilité financière en réduisant son ratio loan-to-value en pro
forma1 à environ 17 %

https://www.wendelgroup.com/wp-content/ ... ase-fr.pdf

groeten