Solid fundamentals following a mixed 2024, paving the way for a new dynamic
Net Asset Value (NAV): €182.7 per share, reflecting a -22.11 performance, impacted primarily by the sharp decline in Stellantis’ share price (-40%).
• Significant portfolio rotation: €538 million in disposals executed under favourable conditions and €380 million in new investments, including an equity investment in Robertet.
• Robust financial structure: net debt reduced to €551 million, providing substantial investment capacity.
• Stable dividend at €3.25 per share.
• A new Chairman / CEO duo with a carefully planned transition.
Robert Peugeot, Chairman of Peugeot Invest, stated: "The environment in 2024 has been particularly challenging for our company. The automotive industry is facing multiple headwinds, including the threat of trade barriers in the United States and regulatory fines in Europe. At Stellantis, these challenges have led to strategic and operational adjustments following the departure of its Chief Executive Officer, with the objective of setting the group on a more solid and sustainable trajectory. Despite this context, we have remained committed to preserving the financial strength of Peugeot Invest and maintaining the stability of the dividend, which will be proposed at the next General Meeting. 2024 was also marked by governance changes within our organization, with Jean-Charles Douin appointed as Chief Executive Officer in late October 2024. The Board has selected Édouard Peugeot to succeed me as Non-Executive Chairman following the next General Meeting. I am confident that this new leadership team will continue the course we have set and guide Peugeot Invest through its next stages of growth."
Jean-Charles Douin, Chief Executive Officer of Peugeot Invest, stated: "Peugeot Invest experienced mixed dynamics throughout 2024. In a challenging environment for the entire automotive sector, our legacy assets in this industry had a significant impact on our Net Asset Value. Our shareholdings and investment funds delivered positive contributions, our co-investments produced more nuanced results. In response to this situation, we began rebalancing our portfolio and capitalized on favourable market windows in 2024 to execute important disposals. We also seized attractive investment opportunities in high-potential companies, such as Robertet, with strong value creation prospects. We closed 2024 with a very solid financial structure and substantial investment capacity, allowing us to approach 2025 with renewed ambitions. Alongside Édouard Peugeot, my priority will be to drive fresh momentum and accelerate Peugeot Invest’s development by pursuing a diversified investment strategy that generates value for all stakeholders."