(Finance) – First Capitala financial holding company listed on Euronext Growth Milan and specialized in Private Investments in Public Equity and Private Equity, recorded a Total Net Asset Value (NAV) of 89 million euros as at 31 December 2021. The figure, of which € 2.4 million pertaining to minority interests, represents a new all-time high. The outstanding NAV per share is 32 euros. There total return performance of the NAV per share was + 0.9% in the fourth quarter of 2021, resulting in an overall change of + 54.6% in the year.
In absolute terms, the NAV shows an increase of € 6.6 million compared to 30 September 2021 (when it was € 82.4 million), largely attributable to the effect of the conversion of the First Capital CV 2019- 2026 3.75% for 5.6 million. Compared to December 31, 2020, the increase is € 32.9 million, thanks to the growth in the value of the investment portfolio. At 31 December 2021 thenet financial debt is equal to euro 7.4 million.
As of December 31, 2021 the Total assets is equal to 127.4 million euros, mainly consisting of the investment portfolio, which amounts to 99.7 million euros and liquidity and cash equivalents for 25.9 million euros. The main strategic investments are represented by equity investments in Intred, Forest Chemical Industries And Orsero, which represent respectively 22%, 9% and 9% of Total Assets. Then come the holdings in Labomar, Cy4gate And Net Insurance, each with a weight of around 6% on Total Assets; investments in Cellularline, TPS And B&C Speakers.
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