3i says portfolios continue to make 'good progress'

Mon, 27th Sep 2021

Private equity and infrastructure company 3i said its investment portfolios in private equity and infrastructure continued to make 'good progress' in the financial year to date. The September semi-annual portfolio company review for private equity, infrastructure and scandlines confirmed 'strong performance in the significant majority of our investments, including our healthcare investments, our retail and e-commerce investments and our value-for-money companies,' the company said. Portfolio company Action's year-to-date sales at over €4.5 billion were 20% ahead of last year. 'We expect LTM EBITDA to the end of P9 to be over €760 million compared to €579 million at September last year and €506 million at September 2019,' it added. Story provided by StockMarketWire.com

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