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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
3i Group Plc | LSE:III | London | Ordinary Share | GB00B1YW4409 | ORD 73 19/22P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
49.00 | 1.72% | 2,891.00 | 2,879.00 | 2,881.00 | 2,888.00 | 2,846.00 | 2,853.00 | 1,121,041 | 16:35:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 2.57B | 4.57B | 4.6982 | 6.13 | 28.02B |
TIDMIII
RNS Number : 9326T
3i Group PLC
23 March 2023
23 March 2023
3i Group plc
Action Capital Markets Seminar and portfolio update
3i Group plc ("3i", or "the Group") will be holding a capital markets seminar this morning, involving a presentation from the management team of Action, our largest portfolio company. A live webcast of the seminar will take place at 10:00 (UK time). To register for the webcast, please visit https://www.3i.com/investor-relations . An on-demand webcast of the seminar will also be available by the end of the day.
As disclosed in our Q3 performance update, in its 2022 financial year Action generated net sales of EUR8,859 million and operating EBITDA of EUR1,205 million, 30% and 46% respectively higher than in 2021. Like-for-like sales growth was 18.1% and the business added 280 stores in the year. Sales leverage and good cost discipline were the main drivers behind the increased EBITDA margin of 13.6%.
Action has seen a strong start to 2023 across all its geographies. In the period to the end of week 11, net sales were EUR2.09 billion, 37% ahead of the same period in 2022. Like-for-like sales growth in the first 11 weeks was 24.8% with growth in transactions accounting for approximately 90% of the strong performance. Cash generation has also seen good growth with cash and cash equivalents as at 19 March 2023 of EUR802 million. The business has added 23 stores in the year to date. Action is planning to make another dividend payment to shareholders in the last week of March. More details on Action's performance will be available in the presentation.
We have also recently completed our semi-annual portfolio company review meetings. Our portfolio is demonstrating good overall resilience with the majority of companies showing good momentum into 2023. Our full year results will be published in May.
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For further information, contact:
3i Group plc Silvia Santoro Tel: +44 20 7975 3258 Investor enquiries Email: silvia.santoro@3i.com Kathryn van der Kroft Tel: +44 20 7975 3021 Media enquiries Email: kathryn.vanderkroft@3i.com
Notes to editors:
About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Our core investment markets are northern Europe and North America.
For further information, please visit: www.3i.com .
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MSCUUVARORUOUUR
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March 23, 2023 03:00 ET (07:00 GMT)
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