Peugeot Invest Reports a 21% Increase in NAV for 2023

Peugeot Invest revealed an upswing in Net Asset Value (NAV) marking a 21% increase, with the NAV per share reaching an all-time high of €238.7. This growth was attributed to outstanding results from Stellantis, a diversified investment portfolio, and strategic asset rotations including €491 million in new investments and €445 million in disposals. The proposed dividend also saw a 14% increase to €3.25/share.

According to the company, Stellantis significantly contributed to this growth, bolstering the share price by 59.4% and reaching a historical peak. The performance of listed holdings like SPIE and SEB also saw notable improvements. However, the valuation of unlisted property assets experienced significant impairments, leading to a challenging environment for real estate assets within the investment portfolio.

Peugeot Invest emphasized its active management approach, with significant investments in new opportunities and high-return disposals. Investments included a notable stake in Rothschild & Co and successful exits from entities like Total Eren and Tikehau Capital Advisors. In terms of co-investments, Peugeot Invest continued to diversify, investing in sectors such as luxury fashion, cybersecurity, and hotel renovation.

The company also highlighted its renewed commitment to Environmental, Social, and Governance (ESG) goals with a comprehensive ESG roadmap extending into 2026. This includes a detailed carbon assessment and a strategic emissions reduction plan aligned with the Paris Agreement. Additionally, Peugeot Invest is supporting environmental conservation through a partnership with Domaine National de Rambouillet and La Belle Forêt.

Peugeot Invest shared plans for governance evolution, including management changes and new board appointments, aiming to bolster its strategic direction and development. The company's successful disposals in early 2024 further reinforce its capacity to support new and existing investments over the long term.