Gimv Reports Record Financial Results for 2023-24

Gimv has announced its financial results for the fiscal year 2023-24, highlighting a notable performance. The firm reported a portfolio return of 19.1% driven by strong growth and substantial capital gains from exits. This contributed to a record net profit of EUR 217.1 million, increasing the equity value per share by 17% to EUR 53.4.

CEO Koen Dejonckheere underscored the robust growth achieved by Gimv's portfolio companies, which saw a 14.9% increase in sales and a 20.3% rise in EBITDA. The year also marked significant progress in sustainability, with improvements in ESG practices and recognition from Sustainalytics.

Gimv's liquidity position increased to EUR 346.8 million, thanks to exit proceeds of EUR 364.6 million. The company confirmed a dividend of EUR 2.6 per share. Notably, Gimv welcomed WorxInvest as its new reference shareholder, looking forward to fruitful collaboration.

The fiscal year saw heavy investment activity with EUR 115.8 million invested in new and existing portfolio companies. Gimv’s strong financial performance allowed it to maintain a portfolio value above EUR 1.5 billion, despite challenging market conditions.