Sofina SA
XBRU:SOF

Watchlist Manager
Sofina SA Logo
Sofina SA
XBRU:SOF
Watchlist
Price: 245.2 EUR 0.08% Market Closed
Market Cap: 9B EUR

Sofina SA
Investor Relations

Nestled in the heart of Belgium, Sofina SA stands as a testament to the art of astute investment management, quietly wielding influence across a broad spectrum of industries. Founded in the early 20th century, Sofina has evolved from its industrial roots to become a significant player in the global investment arena. The company operates as a diversified investment holding entity, channeling its resources into a mosaic of sectors such as consumer goods, digital services, education, and healthcare. This diversified approach allows Sofina to spread its risks while capitalizing on growth opportunities in various industries, creating a robust portfolio that resonates with consistent returns. Their investment philosophy is marked by a long-term vision, often partnering with entrepreneurial teams at various stages of their business journey, from startups to well-established enterprises.

In the complex web of global finance, Sofina generates its income primarily through capital gains and dividends realized from its investments. By nurturing a selective portfolio of stakes—ranging from controlling positions to smaller, strategic shares—Sofina gains financial returns as these companies grow and flourish. Additionally, they often reinvest these profits to further expand their reach and influence, aligning with their strategy of sustainable development. What sets Sofina apart is its ability to leverage its expertise and connections, offering more than just capital to its portfolio companies. Sofina acts as a collaborator, offering strategic guidance and resources that drive innovation and growth, ultimately enhancing the value of its investments. This approach ensures that the company remains at the forefront of the investment landscape, delivering value not only to its portfolio companies but also to its shareholders.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Sep 6, 2023
AI Summary
Q2 2023

NAV Stability: Net asset value (NAV) has stabilized compared to the end of last year, with only a small percent decline, a notable improvement from prior double-digit drops.

Discount Narrowed: The discount to NAV improved from 31% at semester end to about 25% after a recent rally.

Low Activity: Both new investments and exits are significantly lower than previous years, reflecting a cautious stance due to challenging market conditions.

Liquidity Position: Sofina remains in a net cash position with EUR 800 million in cash and EUR 1.1 billion in undrawn credit lines, providing comfortable liquidity.

Portfolio Adjustments: Baidu dropped from the top 10 holdings due to valuation and governance concerns, while ByteDance remains the largest direct investment.

Key Investments: Only a few new investments were made, including a small stake in Mistral (AI large language models) and Too Good To Go, with some incremental investments in existing portfolio companies.

Private Funds Slowdown: Lower fundraising, capital calls, and distributions observed in private funds activity, mirroring broader market trends.

Sector & Geography Consistency: No major changes in sector or regional allocations; the U.S. continues to dominate exposure.

Key Financials
Net Asset Value (NAV)
EUR 9.2 million
Net Cash Position
EUR 200 million
Cash on Balance Sheet
EUR 800 million
Undrawn Credit Lines
EUR 1.1 billion
Private Equity Program Residual Commitments
EUR 1.3 billion
Direct Portfolio Value Creation
3%
Discount to NAV
25%
NAV Year-on-Year
-5%
Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Harold Y. H. Boel
CEO & Director
No Bio Available
Mr. Victor Casier
Managing Director of Brussels
No Bio Available
Mr. Wauthier de Bassompierre
MD & General Secretary
No Bio Available
Ms. Amélie Lagache
Managing Director
No Bio Available
Mr. Jean-François Lambert
Head of Transformation
No Bio Available
Mr. Jean-François Van Besien
Head of Innovation & Technology
No Bio Available

Contacts

Address
BRUXELLES-CAPITALE
Brussels
Rue de l'Industrie, 31
Contacts
+3225510611.0
www.sofinagroup.com