Ackermans & van Haaren realises a record profit of 278.4 million euros over the first half of 2022
August 31 2022 - 1:00AM
Ackermans & van Haaren realises a record profit of 278.4
million euros over the first half of 2022
Dear shareholder,
Dear Madam, Dear Sir,
Ackermans & van Haaren realises a record profit of 278.4
million euros over the first half of 2022 thanks to:
- generally good results in the group’s core segments, which is
reflected in a 5% higher profit contribution;
- a positive evolution of the Growth Capital participations, both
within the consolidated participations as well as in the more
recent initiatives in India and South-East Asia;
- the 97.2 million euros capital gain on the sale of
Manuchar.
After the sale of Anima (closed in July 2022 and therefore not
yet included in the result as at June 30), Ackermans & van
Haaren has a net cash position of more than 500 million euros.
"In a challenging environment with steep cost increases,
deteriorating consumer confidence and decreasing stock markets, the
companies of the group have shown high resilience and the
diversified portfolio has once again proven its pertinence, among
others through the positive impact of the increasing raw material
prices on the results of SIPEF.The more than 330 million euros
capital gain that will be realised over the full year 2022
following the divestment of Manuchar and Anima again confirms the
underlying added value in our portfolio. We are proud of what we
have built together with the employees and management teams of both
companies over the past 15 years and wish them every success in
their further development. Anima has grown from scratch into a high
quality and respected manager of residential care centres in
Belgium with 2,710 beds, while Manuchar has developed into one of
the most prominent and reliable distributors of chemicals for
growth markets with more than 2,250 employees. We look forward to
opportunities to put the more than 460 million euros cash from
these exits to work, successfully building other companies together
with their family shareholders and management teams."
John-Eric Bertrand & Piet Dejongheco-CEO's
Please find attached the press release.
Best regards,
Ackermans & van Haaren
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