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.
Consolidated sales: limited decline to €4,865 million (-3.4%)
The Group recorded a slight -3.4% decline in consolidated sales to €4,865 million, notably thanks to the good performances by Bureau Veritas and Stallergenes. Associated companies (equity-accounted) posted sharp declines in sales
| (€ million) | 2008 | 2009 | Change | Organic growth |
| Bureau Veritas | 2,549.4 | 2,647.8 | 3.9% | 1.9% |
| Deutsch | 451.6 | 321.3 | -28.8% | -30.7% |
| Materis | 1,866.5 | 1,703.5 | -8.7% | -8.3% |
| Stallergenes | 170.9 | 192.8 | +12.8% | 12% |
| TOTAL | 5,038.4 | 4,865.5 | -3.4% | -4.5% |
* excluding Editis and Oranje-Nassau Energie in accordance with standard IFRS
| (€ million) | 2008 | 2009 | Change | Organic growth |
| Legrand | 4,202,4 | 3,577.5 | -14.9% | -13.9% |
| Saint-Gobain | 43,800 | 37,786 | -13.7% | -13.2% |
| Stahl | 295.6 | 253.5 | -14.2% | -13.7% |
2010/03/30: 2009 Annual Results
2009/11/05: Nine-month 2009 sales
2009/07/29: Consolidated net sales maintained at €2,458 million in the first half of 2009,
despite a very depressed economic environment
2009/05/06: Q1 2009 consolidated sales maintained at €1,184 million in a very difficult economic environment