Business update - First three months of the 2018/2019 financial year

19/07/2018 - 07:00 | Financial

As well as publishing half-yearly and annual results, Gimv also provides quarterly business updates without publishing full results.

The figures below cover the period from 1 April 2018 to 30 June 2018. All figures refer to the consolidated figures of Gimv (unaudited).

Commentary
Managing Director Koen Dejonckheere, on the past quarter: “The continued growth of our portfolio companies has translated into further value creation in our investment portfolio. We have also continued our investment activities, both in new growth companies and via our ongoing focus on buy & build within the existing portfolio.”

NAV update
Shareholders’ equity (group share) rose in the first quarter from EUR 47.6 to EUR 48.7 per share as at 30 June 2018 (both figures adjusted for the dividend paid of EUR 2.50 per share).

Key investments and divestments in the 1st quarter
New investments (on balance sheet) totalled EUR 42.3 million in the first three months of the year.
Divestments (on balance sheet) totalled EUR 30.6 million in the first three months of the year.

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