(News Bulletin 247) – GBL reported on Friday a drop in its revalued net assets in 2022, under the effect of the decline in the equity markets, and declared that it expected a stable dividend despite a “difficult” macroeconomic context.
Over the past year, the NAV of the listed assets of the Belgian holding company fell by 4.5 billion euros, from 16.9 to 12.4 billion euros, in particular under the effect of disposals of Pernod Ricard and Mowi shares.
The holding company also cites the decline in the stock market prices of its listed assets (mainly adidas, SGS and Pernod Ricard) and
impairment of certain GBL Capital digital investments.
Groupe Bruxelles Lambert plans to maintain a stable dividend per share of 2.75 euros, corresponding to a dividend yield of 3.7% compared to the market price of the GBL share at the end of 2022.
Regarding 2023, Ian Gallienne, the CEO of GBL, believes that the group is “well placed” to seize the opportunities that would arise this year, while focusing on generating significant growth for shareholders.
Listed on the Brussels Stock Exchange, the title fell back after this publication.
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