London · Delayed Price · Currency is GBP · Price in GBX 3i Group Earnings Call Transcripts
Fiscal Year 2026
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Net sales grew 16% to €16 billion in 2025, with strong store expansion and resilient margins despite challenges in France. The company will add at least 400 stores in 2026, enter Croatia and Slovenia, and launch in the U.S. by 2027/28, targeting 100 stores by 2030. Financial guidance anticipates stable EBITDA margins and continued investment in sustainability and people.
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Total return reached 13% with NAV per share up to £28.57, driven by strong private equity and infrastructure performance. Action's robust growth and store expansion offset macro headwinds in France, while capital management remains conservative and liquidity strong.
Fiscal Year 2025
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Resilient portfolio performance was highlighted by strong growth at Action and successful exits of MPM and MAIT, both at significant uplifts. New investments in WaterWipes and OMS focus on premium, sustainable, and tech-enabled growth, with the U.S. and DACH regions as key markets.
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Delivered a 25% ROE and 22% NAV per share growth, driven by strong private equity and Action’s performance. Portfolio remains defensively positioned with robust cash flows, increased dividend, and continued sector-leading growth from Action and Royal Sanders.
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Record sales and EBITDA growth were achieved in 2024, driven by store expansion, strong like-for-like sales, and a focus on low prices and sustainability. The outlook for 2025 includes further store growth, margin improvement, and continued ESG progress.
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Delivered a 10% total return and strong NAV growth, led by Action's robust sales and EBITDA gains. Portfolio earnings growth remains broad-based, with resilient sector focus and successful asset realizations at premiums to book value.
Fiscal Year 2024
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Strong portfolio performance continues, with Action and other key assets delivering robust growth. The investment strategy emphasizes disciplined, selective deals in services and software, focusing on profitable, cash-generative companies and value creation through buy-and-build. Audley Travel and Constellation highlight successful execution and future growth potential.