Wendel

Q1 2020 trading update and NAV​

On April 30, André François-Poncet, David Darmon and Jérôme Michiels presented the Q1 2020 Trading update.

Webcast.

Q1 2020 consolidated net sales: €1,875.1 million, down 2.5% overall and down 2.9% organically year-on-year

Q1 2020 consolidated sales⁽¹⁾

1. Comparable sales for Q1 2019 represent 1 923,6M€ vs 2019 published sales of 2 053,3M€. Difference of 129,7M€ corresponds to sales of TSEBO Group, classified as asset held for sale. In accordance with IFRS 5, the contribution of this portfolio company has been reclassified in "Net income from discontinued operations and operations held for sale”.
2. CPI accounts have been consolidated since the 31st of December 2019. Sales include a PPA restatement impact of -0,9M$. Indicative organic growth is calculated on three months activity.

Q1 2020 sales of equity-accounted companies

1. 2020 excluding CSS acquisition (Latam)

2019 Full-Year Results​

Wendel published its 2019 Full-Year Results on March 18, 2020.

Webcast.

 Sales over the first nine months 2019

Wendel published its Q3 trading update on November 7, 2019.

Webcast

Nine-months 2019 consolidated sales

Nine-month 2019 sales of equity-accounted companies

2019 First-Half Results

Wendel published its 2019 Half-Year Trading Update on July 30, 2019 and its 2019 Half-Year Consolidated Financial Statement on September 6, 2019.

Find out the webcast. 

Q1 consolidated net sales of €2,053.3 million, up 4.1% overall and 1.2% organically

Q1 2019 consolidated sales

(1) Comparable sales for Q1 2018 represent 1 972,4M€ vs 2018 published sales of 2 033,7M€. Difference of 61,2M€ corresponds to sales of companies sold in 2018:  CSP Technologies (27,7M€), Mecatherm (21,2M€), and Nippon Oil Pump (12,3M€), sold in 2018. In accordance with IFRS 5, the contribution of these three portfolio companies has been reclassified in "Net income from discontinued operations and operations held for sale.

Q1 2019 sales of equity-accounted companies

2018 Full-Year Results

Wendel publishes its 2018 full-year results on Thursday, March 21, 2019.

André François-Poncet, Bernard Gautier and Jérôme Michiels will present the results at 11:30 a.m.

Webcast.

Nine-months 2018 consolidated sales

Nine-month 2018 sales of equity-accounted companies

Webcast.

First quarter consolidated net sales of €2,033.7 million, up 2.2% overall and 2.4% organically

Sales of consolidated companies in Q1 2018

The Group has adopted IFRS 15 "Revenue from contracts with customers". The initial application date is January 1, 2018. The information presented for 2017 has not been restated, as this standard is not considered to have a material impact.

(1) Following the sale of the Labels division, and in accordance with IFRS 5, the 2017 contributions of this division have been reclassified in “Net income from discontinued operations and operations held for sale” in the financial statements of Constantia Flexibles. After restatement for the impact of IFRS 15 "Revenue from contracts with customers", the change in net sales is +0.3%.

(2) Following the sale of Colorin, and in accordance with IFRS 5, the 2017 contributions of this division have been reclassified in “Net income from discontinued operations and operations held for sale” in the financial statements of Cromology. After restatement for the impact of IFRS 15 "Revenue from contracts with customers", the change in net sales is -6.6%.

(3) Company consolidated since February 2017. Three-month organic growth was calculated in the reporting currency (USD). 

Sales of companies accounted for by the equity method in Q1 2018

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Nine-months 2017 consolidated sales

Nine-month 2017 sales of equity-accounted companies

Webcast

Interview of Frédéric Lemoine

First quarter consolidated net sales of €2,146.8 million, up 10.1% overall and 1.6% organically

Sales of consolidated companies in Q1 2017

(1) Company consolidated from February 2017.

(2) Organic growth over 3 months, calculated on the basis of financial information reported in USD by Tsebo.

Sales of companies accounted for by the equity method in Q1 2017

(1) Since August 1, 2016, the date the merger between AlliedBarton and Universal Services of America was finalized, Allied Universal has been consolidated by the equity method. In accordance with IFRS 5, AlliedBarton’s activities in the first three months of 2016, until the merger with Universal Services of America, are presented in the income statement under “Net income from discontinued operations and operations held for sale”.

(2) Pro forma sales growth over three months was up 10.4 % (1.0 % organic growth), based on financial information reported by Allied Universal in USD.

(3) In accordance with IFRS 5, the results of the IDMS division for 2016 have been included in “Net income from discontinued operations and operations held for sale” in exceet’s financial statements, following the sale of this division.

(4) Company accounted for by the equity method since August 2016.

2016 Full-Year Results

Webcast

Interview of Frédéric Lemoine, Chairman of the Executive Board

Nine-months 2016 consolidated sales

⁽¹⁾ From April 1, 2015.

⁽²⁾ Organic growth over 9 months.

⁽³⁾ Excludes Parcours group, presented in “Net income from discontinued operations and operations held for sale” in 2015 and 2016, in accordance with IFRS 5.

⁽⁴⁾ From February 2015.

⁽⁵⁾ Excluding organic growth of Constantia Flexibles in Q1 and CSP Technologies in January.

Nine-month 2016 sales of equity-accounted companies

⁽¹⁾ Following the agreement with Apollo, the Packaging business is presented under “Net income from discontinued operations and operations held for sale” for 2015, in accordance with IFRS 5.
⁽²⁾ In accordance with IFRS 5, AlliedBarton’s activities in the first seven months of the year, until the merger with Universal Services of America, are presented in the income statement under “Net income from operations to be accounted for by the equity method”.) The new company, Allied Universal, has been recognized using the equity method, since August 2016. The information presented consists of estimates.
⁽³⁾ In accordance with IFRS 5, the results of the IDMS division for 2015 and 2016 have been included in “Net income from discontinued operations and operations held for sale” in exceet’s financial statements, following the sale of this division.
⁽⁴⁾ Company accounted for by the equity method since August 2016.

Interview of Frédéric Lemoine, Chairman of the Executive Board

Q1 consolidated net sales of €2,480.3 million, up 68.4%, of which 1.2% was organic growth

Sales of consolidated companies in Q1 2016

⁽¹⁾ Company consolidated from April 2015.
⁽²⁾ Organic growth over 3 months.
⁽³⁾ Company consolidated from December 2015.
⁽⁴⁾ Excludes Parcours group, presented in “Net income from discontinued operations and operations held for sale” in 2015 and 2016, in accordance with IFRS 5.
⁽⁵⁾ Company consolidated from February 2015.
⁽⁶⁾ Organic growth over 2 months (February + March) +14.7%
⁽⁷⁾ Excluding organic growth of Constantia Flexibles and AlliedBarton Security Services. Excluding organic growth of CSP Technologies in January.

Sales of companies accounted for by the equity method in Q1 2016 

⁽¹⁾ Following the sale of Verallia (Packaging business) and in accordance with IFRS 5, this asset was reclassified in the 2015 income statement to “Net income from discontinued operations and operations held for sale”.
⁽²⁾ Included in Oranje-Nassau Développement. In accordance with IFRS 5, the 2015 and 2016 results of the IDMS division are included in “Net income from discontinued operations and operations held for sale", because a procedure to sell this division has been launched.