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Focus on results

Published : 11.04.2024
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“2023 was a very positive year for Wendel Wendel will put its new return-to-shareholders
and its portfolio companies. The Group’s consolidated sales totaled €7,127.6 million, up +5.7% unadjusted and +6.4% organically. They were driven in particular by robust performance at Bureau Veritas and Crisis Prevention Institute.

Net asset value stood at €7,118 million, or €160.2 per share, down slightly (-2.7%)(1) , after reintegrating the dividend, reflecting a decline in the value of listed assets, which was partially offset by growth in the value of unlisted assets.

The total contribution of Group companies to net income from business sectors (Group share) rose +5.9% to €362.1 million, and net income from business sectors (Group share) rose +10.6% to €246.9 million. Consolidated net income (Group share) came in at €142.4 million; it was €656.3 million in 2022 owing in large part to the €590 million capital gain on the sale of Cromology.

Wendel will put its new return-to-shareholders a dividend of €4.00 per share at the Annual Shareholders’ Meeting on May 16, 2024, an increase of +25% ov er last year’s dividend. This dividend represents a yield of 2.5%(2) on NAV and 4.4%(3) on the share price. In the medium-term, Wendel aims to achieve a yield of 3.5% on NAV.”

For more information, please read the press release available on our website.

Benoît Drillaud, Chief Financial Officer of Wendel

(1) Adjusted for the dividend of €3.20 per share paid in June 2023, NAV was down 2.7% over the course of 2023. Unadjusted, NAV was down 4.6%.
(2) Dividend distribution percentage calculated with respect to the NAV at end-December of the previous year.
(3) Based on a share price of €90.80 as of February 23, 2024.

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The materials contained herein are not for general release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, Australia, Japan, Canada or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. Access to the information and documents on this portion of the website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be true and accurate.

The information contained in this section of the website of Wendel (the “Seller”) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the “United States”), Australia, Canada, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the “Company”) in the United States, Australia, Canada, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

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