3i Group PLC Update on portfolio and Capital Markets Seminar (9814M)
27 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMIII
RNS Number : 9814M
3i Group PLC
27 September 2021
Press release
27 September 2021
3i Group plc
Update on portfolio and Capital Markets Seminar
3i Group plc ("3i" or "the Group") will be holding a Capital
Markets Seminar via webcast today, involving presentations on
GartenHaus, MPM and ten23, three of our recent Private Equity
Investments. In addition, Simon Borrows, our Chief Executive, will
provide an update on the portfolio more broadly, 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.
Our investment portfolios in Private Equity and Infrastructure
have continued to make good progress in this financial year to
date. We have now completed our September semi-annual portfolio
company reviews for Private Equity, Infrastructure and Scandlines,
which have confirmed strong performance in the significant majority
of our investments, including our healthcare investments, our
retail and e-commerce investments and our value-for-money
companies.
Action's impressive performance has continued with sales, EBITDA
and cash generation above budget for Q3 to date. YTD sales at over
EUR4.5 billion are now over 20% ahead of last year with strong
trading continuing across all geographies. We expect LTM EBITDA to
the end of P9 to be over EUR760 million compared to EUR579 million
at September last year and EUR506 million at September 2019. Cash
generation has continued to be strong with a current cash balance
of approximately EUR900 million. Action has now opened 150 stores
in 2021, including its first five stores in Italy where trading has
been ahead of plan.
A live webcast of the seminar will be available at 14.00. To
register for the webcast, please visit
https://www.3i.com/investor-relations/capital-markets-presentations/2021/
. Registrations are open now.
- Ends-
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
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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END
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