Luxempart’s profit falls by 150 million euros

As the Luxempart announced on Friday, the investment company invested 153 million euros last year and took 176 million euros, mainly from the exit of investments and funds.

The net profit decreased significantly with 30 million euros compared to 2023 – at the time of 184 million euros in profit. 2022 was a profit of 46 million euros.

Luxempart mentions the direct investment that had to struggle with headwind, « because four portfolio companies that work in the areas of real estate development, glass production and luxury goods to achieve a below -average performance. » A major strength in 2024 was « our ability to make strategic sales in good time, » explains Luxempart. The only direct participation last year was the entry into the Medios in Berlin, where Luxempart took over 15 percent.

The investment fund segment provided a return of 8.5 percent. The net inventory value was around 2.3 billion at the end of 2024.

« At the end of the year we had 184 million euros in liquids, and with 200 million euros in credit lines that have not been used, we have the flexibility to use new opportunities, » explains the company. The board proposes an increase in the dividend by 7.4 percent to 2.33 euros per share.

As for the outlook, the investment company explains « the greatest imponderables result from the developing global context, in particular from the effects of US politics on international relationships, including the Ukraine conflict and trade tariffs. » John Penning, Managing Director of Luxempart, comments: « The strategic change initiated a few years ago to diversify a part of our commitment in the USA should help us to cushion potential shock that could emerge from one side or the other of the Atlantic. »