A long-term investor
Wendel is a hands-on investor and shareholder that assists sector-leading companies in their long-term development. Wendel's business model combines the entrepreneurial passion born of a long family tradition with a culture of performance and accountability.
2009 Full Year Results
Wendel releases 2009 Results
Financial flexibility restored to prepare for the future
-Consolidated sales: limited decline to €4,865 million (-3.4%).
- Net income from business sectors: €153 million, reflecting the significant impact of the crisis
on the Group’s companies.
- Net loss of €-809 million affected by significant reductions in book values, as announced in
H1 2009.
- Stronger financial structure thanks to debt restructuring, extended and reduced.
- Solid cash position of €2,179 million at 31 December 2009, with available cash of €1,496
million (+63% compared with end 2008).
- Net asset value doubled compared with 31 December 2008 to €56.9 per share at 23 March
2010.
- Stable dividend of €1 per share, to be proposed to the next Shareholders’ Meeting.
- Outlook 2010-2013: towards new investments.
>> 2009 Financial and Legal Report
