Wendel SE (FRA:WIS)

€ 93 -0.1 (-0.11%) Market Cap: 4.00 Bil Enterprise Value: 8.24 Bil PE Ratio: 8.48 PB Ratio: 1.23 GF Score: 66/100

Wendel SE Corporate Call Transcript

Oct 17, 2023 / 09:00AM GMT

Release Date Price: €73.6 (+0.68%)

Transcript

Laurent Mignon

Wendel - Group CEO & Member of the Executive Board

Well, good evening -- good morning to everybody. Thank you to all of you to have free up some time to come to this meeting. And it's an important one because it's where we think we announced an important strategic step for Wendel.

If we come back to what we've announced on March 16. Remember, we've announced different initiatives that we're taking. The first one was to implement an active portfolio management and investment policy. And since March 16, we've done a few things like the acquisition of Scalian as where we invest roughly EUR 560 million in equity, in a fast-growing and cash-generative company, and we think that will benefit from significant potential to grow based on the digitalization and the decarbonization megatrend.

Now target is really to lead this company to a point -- EUR 1.5 billion of revenues by -- within the next 5 years and really to increase its growth. We think it's a great platform for us to have an investing team.

We've announced also the sale of Constantia Flexible for EUR 1.1

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