Wendel reported H1 2023 results with a net asset value (NAV) of €7,246 million or €163.2 per share as of June 30, 2023. After excluding dividends, NAV remained stable year-to-date but decreased by 3.6% since March 31, 2023.
Consolidated sales in H1 2023 reached €3,443.6 million, showing a strong growth of +6.5% overall and +6.0% organically. Constantia Flexibles was no longer included in consolidated sales due to binding offers received for its acquisition
H1 2023 net income Group share was €39.6 million, down from the boosted net income of H1 2022, which was influenced by a capital gain on the disposal of Cromology
Wendel maintained a strong financial structure with an LTV ratio of 8.5% as of June 30, 2023. The Syndicated Credit Facility increased to €875 million with an extended maturity to July 2028. The company had a total liquidity of approximately €2.6 billion, including €1.7 billion in cash and €875 million in fully undrawn committed credit facility.