Institut de Developpement Industriel SA IDI (FR:IDIP) has released an update.
IDI has maintained a stable net asset value per share in the first half of 2024, demonstrating resilience amidst challenging economic conditions, while continuing a strategy of growth through selective acquisitions and support of its portfolio companies. The company boasts a solid balance sheet with consolidated equity of €700M and continues to focus on long-term yield, generating a 15.9% annual return since its IPO. IDI also advances in its commitment to ESG initiatives, with its subsidiary idiCo obtaining Mission-driven Company status, and a majority of its holdings set to conduct carbon assessments in 2024.
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