Altamir: Slight drop in NAV impacted by exchange rates

Altamir announces a 1.3% decrease in its Net Asset Value (NAV) as of June 30, 2025, to €1,224.4 million, or €33.53 per share. This decrease is primarily due to unfavorable exchange rate movements. Without this effect, NAV would have increased by 0.5%, including dividends. Despite these conditions, the portfolio shows notable resilience, with a 3.7% increase in the weighted EBITDA of the companies.

The disposals raised €79.7 million, including a portion from Marlink. At the same time, Altamir committed €93.5 million in investments, particularly in German and American companies. Cash flow improved significantly, reaching €17.3 million.

Among the highlights after June 30, Amboise launched a simplified public tender offer at €28.50 per share, as well as the partial sale of Fractal Analytics. Altamir remains confident about achieving its annual objectives.