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Eurazeo revenue down 6.6 per cent

Eurazeo Group’s consolidated revenue was EUR3,785.4m in 2009, down 6.6 per cent as reported and down 5.9 per cent on a comparable basis.

Revenue from private equity activity amounted to EUR3,707.3m, a decline of 4.9 per cent on a comparable basis.

The real estate business increased 6.6 per cent in 2009 to EUR33.6m, reflecting continued growth in ANF rents.

The consolidated net income group share amounted to -EUR199.3m compared to -EUR68.0m in 2008. This result includes EUR484.6m in adjusted EBIT from the integrated operating companies (ANF, Apcoa, B&B, Elis and Europcar) compared with EUR522.9m euros in 2008, a decrease of only 7.3 per cent.

The company’s dividend has been maintained at EUR1.20 per share.

The net asset value per share was EUR65.0 as of 15 March 2010, an increase of 22 per cent compared to 31 December 2008.

Michel David-Weill, chairman of the supervisory board, says: "More than ever, the application of our principles, in maintaining Eurazeo’s strong financial structure, preserving good investment diversification and professionally guiding its companies, has been essential in resisting the crisis. As a result, Eurazeo not only has improved the competitiveness of its companies, it also has strengthened its own liquidity. In this context, a dividend maintained at EUR1.20 per share will be proposed at the shareholders’ meeting. Like last year, the choice will be left to shareholders for the dividend to be paid in cash or in Eurazeo shares. In addition, the executive board will allocate one bonus share for each 20 shares held."

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