A long-term investor
Wendel is a hands-on investor and shareholder that assists sector-leading companies in their long-term development. Wendel's business model combines the entrepreneurial passion born of a long family tradition with a culture of performance and accountability.
Interim Report for the first half of 2011
The Presentation of Wendel’s 2011 Interim Results on
WEDNESDAY, AUGUST 31st 2011 at 11:30 am
at the Pavillon Gabriel, 5, avenue Gabriel – Paris 75008
Press Release: Wendel further strengthens its financial position and posts a sharp increase in earnings in H1 2011
- Consolidated sales up 20.6% to €3,136.9 million.
- Strong growth of net income from business sectors, Group share, up 41.9% to €174.8 million.
- Financial structure further strengthened since the start of the year, with gross debt reduced by €1,265 million (nearly €3.4 billion since 2009).
- Very substantial flexibility, with more than €1 billion in cash and €1.4 billion in undrawn credit lines.
- Net Asset Value: €75 per share, impacted by the sudden drop in financial markets.
- Operating outlook in the Group's companies in line with guidance announced at the start of the year.
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>> Interim report for the first half of 2011
