3i Group Plc Issues Performance Update
From RTTNews:
3i Group plc reported a 18% total return and an increase in NAV per share to 2,034 pence for the nine months to 31 December 2023. At 31 December 2023, gross cash was 666 million pounds, and undrawn RCF was 900 million pounds. Action produced strong sales, EBITDA and cash generation in 2023, with net sales and operating EBITDA 28% and 34% ahead of 2022, and like-for-like sales growth of 16.7% in the year and 11.4% in fourth quarter. CEO Simon Borrows is positive about the company’s strong return for the financial year.
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