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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  3i Group plc    III   GB00B1YW4409

3I GROUP PLC

(III)
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3i : Update on the portfolio and Capital Markets Seminar

09/23/2020 | 02:05am EST

23 Sep 2020 Update on the portfolio and Capital Markets Seminar

Download this press release as a PDF

3i Group plc ('3i' or 'the Group') will be holding a Capital Markets Seminar via webcast today, involving presentations on our approach to ESG and responsible investment, as well as on Evernex and SaniSure, two of our recent Private Equity Investments. In addition, Simon Borrows, our Chief Executive, will provide an update on the portfolio, the key elements of which are outlined below. The seminar will start at 14.00 and the joining details are provided at the end of this press release. The presentation materials and a recording of the webcast will also be made available on our website.

We have now completed our September semi-annual portfolio company reviews for Private Equity, Infrastructure and Scandlines, which have reinforced our belief in the resilience and strength of earnings performance in the significant majority of our investments. The automotive sector remains challenged, and public health policy has prolonged the uncertainty for the travel sector. However, we continue to see strong momentum in portfolio companies exposed to medical technology and personal care products and very good recovery in our retail businesses, particularly in online, and of course in Action.

Action's impressive performance has continued with sales, EBITDA and cash generation above expectations for P7 (July), P8 (August) and P9 (September) to date. YTD sales at over €3.7 billion have now recovered to be approximately 8% ahead of last year with strong trading continuing across all geographies. We expect LTM EBITDA to the end of P9 to be approximately €575 million compared to €506 million at September last year and €491 million at the end of P4 this year. Cash generation has continued to be strong with a current cash balance of over €625 million after a €51 million repayment of the RCF. Action has now opened 88 stores in 2020 including its first five stores in the Czech Republic. Initial trading in the Czech Republic has been significantly ahead of expectations.

A live webcast of the seminar will be available at 14.00. To register for the webcast, please visit www.3i.com/investor-relations/capital-markets-presentations/2020.

- Ends-

For further information, contact:

3i Group plc

Silvia Santoro
Investor enquiries

Kathryn van der Kroft
Media enquiries

Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Tel: +44 20 7975 3021
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

Disclaimer

3i Group plc published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 06:04:02 UTC


© Publicnow 2020
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Financials
Sales 2021 1 826 M 2 455 M 2 455 M
Net income 2021 1 771 M 2 382 M 2 382 M
Net Debt 2021 504 M 678 M 678 M
P/E ratio 2021 7,03x
Yield 2021 3,32%
Capitalization 10 850 M 14 637 M 14 593 M
EV / Sales 2021 6,22x
EV / Sales 2022 6,14x
Nbr of Employees 240
Free-Float 96,5%
Chart 3I GROUP PLC
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3i Group plc Technical Analysis Chart | III | GB00B1YW4409 | MarketScreener
Technical analysis trends 3I GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 1 309,88 GBX
Last Close Price 1 127,00 GBX
Spread / Highest target 23,6%
Spread / Average Target 16,2%
Spread / Lowest Target 9,14%
EPS Revisions
Managers
NameTitle
Simon Alexander Borrows Chief Executive Officer & Executive Director
Simon Robert Thompson Non-Executive Chairman
Jasi Hari Halai Group Operating & Financial Controller
Julia Susan Wilson Group Finance Director & Executive Director
Jonathan Paul Asquith Deputy Chairman
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