Quarterly evolution of Altamir with readjustment of NAV and significant financial activities

Altamir, a private equity company, revealed a Net Revalued Asset (NAV) per share of €35.31 as of March 31, 2024, marking a slight decrease of 0.9% compared to December 2023. This seasonal readjustment mainly focuses on its listed companies and recent disposals.

In terms of performance, Altamir's NAV stands at €1,289.4 million for this quarter. Particularly influenced by general expenses, the NAV contracted slightly despite net additions from investment activities and various financial income.

As for investment activity, €17.8M was directed towards additional commitments, without the acquisition of a new company. At the same time, divestment activities brought in €63.6 million, mainly thanks to the refinancing of THOM.

Regarding cash flow, the company shows an improvement, with improved net cash flow going from -€43.2M to -€16.0M. Altamir's commitments until the end of 2026 are forecast at €560.5 million, reflecting an active investment strategy going forward.