(AOF) – As of June 30, 2023, the revalued net assets (NAV) per share of Peugeot Invest stood at 221.3 euros, representing an attached dividend performance of +12.4% over the first half of 2023. Over the half-year, listed participations posted a good performance, superior to that of the markets, the valuation of co-investments was driven by the value creation of Polyplus, and that of investment funds was stable, adjusted for calls and repayments. of the semester,” commented the holding company.
Consolidated net profit, group share, increased by 31.6% to 252.2 million euros. This increase is mainly explained by the increase in dividends received by Peugeot Invest and its controlled subsidiaries, which amounted to 320.4 million euros compared to 261.7 million euros in the first half of 2022.
Peugeot Invest continued to rotate its assets. Proceeds from disposals and distributions for the first half of 2023 amounted to 262 million euros compared to 291 million euros in the first half of 2022. They made it possible to finance 199 million euros of new investments in the first half of 2023.
Net debt as of June 30, 2023 amounts to 862 million euros, compared to 885 million euros as of December 31, 2022. This amount takes into account the mobilization of 152 million euros in anticipation of the investment in Rothschild & Co disbursed in the second half. The Loan to value debt ratio remains limited, at 14%, down over the half-year. All debt used is at a fixed rate.
Unused credit lines as of June 30, 2023 total 898 million euros.
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