Strong Financial Performance
3i Group delivered a total return of 13%, with a net asset value per share increasing to GBP 28.57 from GBP 22.61, and a gross investment return of 14% from private equity and 9% from infrastructure.
Action's Continued Growth
Action expanded with net sales up 17.4% and operating EBITDA up 16.3% to GBP 1.563 billion. Like-for-like sales increased by 5.7%, and the company opened 272 new stores, with a target of 380 by year-end.
Successful Debt Management
Action raised EUR 1.6 billion in the U.S. and European debt markets with strong demand, and achieved interest cost savings of EUR 14 million through refinancing.
Royal Sanders Performance
Royal Sanders delivered good organic growth and excellent cash flow, contributing to the positive performance of the private equity portfolio.
Positive Currency Impact
Foreign exchange movements contributed a positive 78p to the net asset value per share, driven by the depreciation of the pound against the euro.