on Peugeot Invest (EPA:PEUG)
Peugeot Invest Reports H1 2024 Results: Enhanced Investment Capacity
Peugeot Invest has reported significant activity for the first half of 2024, marked by €437 million in disposals. These transactions have bolstered the company's investment capacity despite a challenging market environment. The net asset value (NAV) per share decreased by 3.7% to €226.7, reflecting the decline in Stellantis' share price.
Net profit attributable to the Group reached €228 million. Meanwhile, the appointment of Jean-Charles Douin as CEO was confirmed. Disposals included stakes in Groupe SEB for €236 million and Tikehau Capital for €58.3 million.
Investment strategies focused on sectors like energy transition and digital transformation. Highlights include the sale of AmaWaterways for $48 million and new commitments totalling €77 million to investment funds.
Net debt was reduced to €374 million, providing significant liquidity. Governance updates included the appointment of new directors and internal rule adjustments to further formalize operational practices.
R. E.
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