Press release


Antwerp, 3 September 2024, 07:00 CET – regulated information (embargo)



Trading update


The continued solid portfolio performance End August, Gimv completed the acquisition of
resulted in a positive platform portfolio return for the Belfius Insurance stake of 10.6% in TINC
the first quarter of Gimv’s financial year 2024-25 through its new 100% affiliate Infravest,
of 3.5%, in line with Gimv's long-term return increasing its total stake to 21.3%. Gimv is
target. This leads to a growth of the Net Asset working with the management and board of
Value (NAV) per share net of dividend to EUR TINC towards the realization of an ambitious
52 per end June 2024 (unaudited). growth plan.

During the first months of 2024, the portfolio Gimv currently has a liquidity position of around
companies of Gimv succeeded in sustaining 300 million euro.
their revenue growth combined with a further
expansion of their margins. Our companies are A more comprehensive and audited update
well headed towards a double-digit on Gimv's activities and portfolio will be
profitability growth for the full year 2024. With provided in the scheduled communication of
growth in EBITDA being the main driver for our the half-year figures on 21 November 2024
value creation, this provides fertile ground for covering the first half of the 2024-25 financial
future growth in NAV. year.

During the summer an agreement was signed
for the successful sale of one of Gimv's portfolio
interests that would result in a net positive
realized impact on Gimv's NAV of a further EUR
0.5 per share. More details of this transaction will
be communicated shortly.

Following first signs of an enhanced deal
activity in spring, Gimv witnessed a further
increase in deal activity during the summer.
Accumulated cash reserves were put to work
through investments in SMG (Smart Industries,
Germany) and Curana (Consumer, Belgium) in
the first quarter of FY 2024-25. Moreover, bolt-on
acquisitions were realized such as Projective,
that strengthened its presence in the DACH
market with the acquisition of Thede Consulting
and the Wallfashion House that acquired a
majority stake in the German Rasch Wallpaper.

Based on the current deal pipeline, our teams
are well positioned to build up further
investment momentum in the second half of
the year, leading to continued portfolio
growth.




- Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - 1
Antwerp, 3 September 2024, 07:00 CET – regulated information (embargo)

Press release




About Gimv

Gimv is a European investment company with
over 40 years of experience in private equity and
is listed on Euronext Brussels as well as a member
of the Euronext BEL ESG Index. Gimv currently has
a portfolio of more than EUR 1.5 billion consisting
of around 60 portfolio companies, with a
combined turnover of EUR 4.0 billion and more
than 20,000 employees.

As a recognized market leader in selected
investment platforms, Gimv identifies
entrepreneurial, innovative companies with high
growth potential and supports them in their
transformation into market leaders. Gimv's five
investment platforms are Consumer, Healthcare,
Life Sciences, Smart Industries and Sustainable
Cities. Each platform works with an experienced
team across Gimv’s home markets of Benelux,
France and DACH, supported by an extended
international network of experts.

Further information on Gimv can be found on
www.gimv.com.

For further information please contact:
Kristof Vande Capelle, CFO
T +32 3 290 22 17
kristof.vandecapelle@gimv.com




- Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - 2