Corporacion Financiera Alba ( (ES:ALB) ) has issued an update.
Corporación Financiera Alba reported a net profit of 98 million euros for 2024, a significant decrease from the previous year, primarily due to lower fair value of financial investments and reduced dividends from associates. Despite this, the company saw a revaluation of its share price by 73.5%, driven by a public delisting offer. The company made strategic investments totaling 102 million euros and divested some assets, resulting in a net debt of 13 million euros by year-end. Significant transactions included acquiring stakes in Technoprobe, Inmobiliaria Colonial, and Befesa, while divesting its entire stake in Monbake. Looking ahead, Alba plans to acquire a stake in Nord Anglia Education and has sold its stake in Profand, generating substantial capital gains.
More about Corporacion Financiera Alba
Corporación Financiera Alba operates in the financial industry, focusing on investment management. The company engages in acquiring and managing stakes in both listed and unlisted companies across various sectors, with a notable presence in real estate and industrial holdings.
YTD Price Performance: 0.97%
Average Trading Volume: 2,266
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €5.04B
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