Half Year 2024 Wendel SE Earnings Call Transcript
Key Points
- Wendel SE (WNDLF) reported a 9.4% increase in contributions from portfolio companies, demonstrating resilience in a challenging environment.
- The company successfully raised close to EUR 2 billion in funds, showing strong growth in asset management activities.
- Wendel SE (WNDLF) announced a new EUR 100 million share buyback program, indicating confidence in its financial position.
- The company reported a 19% increase in the value of listed assets, driven by strong performance from Bureau Veritas.
- Wendel SE (WNDLF) has a significant investment capacity of EUR 1.4 billion, providing flexibility for future strategic investments.
- The value of unlisted assets decreased by 1%, reflecting challenges in certain market segments.
- Scalian faced a decline in sales and EBITDA, attributed to a slowdown in the global consulting market.
- The asset management segment reported a negative impact of EUR 0.1 per share due to transaction fees linked to acquisitions.
- The company's cash operation and net financing result had a negative impact of EUR 0.7 per share.
- There is uncertainty regarding the timeline for deploying sponsor money in the asset management business, which could affect future earnings.
Good afternoon, ladies and gentlemen, and thank you for standing by, and welcome to Wendel's Half Year 2024 Results Conference Call. At this time, all participants are in listening only mode. There will be a presentation followed by a question and answer session. If you wish to ask questions, you will need to press star one one on the telephone and wait for your name to be.
Now you can also ask questions on the webcast. Olivier Allot, a low Director of Financial Communications and Data Intelligence will read them out. I must advise you that this conference is being recorded today.
I would now like to hand you over to the conference over to Mr. Laurent Mignon, CEO, Group CEO. Please go ahead, sir.
Thank you, very much.
Good afternoon to everybody. Thank you to be there on 1st of August for our first half results analyst conference. So I'm very pleased and I will be making this transition together with EBITDA more there. So we will be a boost of as during the presentation and the Jérôme
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
