FY2022 Q1 performance update
www.investegate.co.uk/3i-group-plc--iii-/...107220700060517G/
· Increase in NAV per share to 1,063 pence (31 March 2021: 947 pence) and total return of 12.2% for the three months to 30 June 2021
· Another strong quarter from the Private Equity portfolio with notable contributions from Action, AES, Basic-Fit, BoConcept, GartenHaus, Luqom, Q Holding, Royal Sanders, SaniSure and Tato
· A powerful performance from Action in the quarter with very good sales and EBITDA growth. EBITDA for the quarter was €205 million, 107% above 2020 and 67% above 2019. Sales for the quarter were €1,688 million, 52% above 2020 and 39% above 2019
· Received £84 million of refinancing proceeds from Royal Sanders and completed one bolt-on acquisition for Luqom with no further investment from 3i
· 3i Infrastructure plc ("3iN") completed its investment in DNS:NET and a bolt-on acquisition for Joulz, an existing portfolio company
· Both investment divisions remain active with a healthy pipeline of new investment opportunities, bolt-ons and refinancing and realisation transactions