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Prices & Quotes - UK Markets - 3i Group (III)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,224.00p
Change Today:
26.00p
Market Cap:
11,912m
Sector:
Financial Services

3i says Action's open stores trading strongly

By Sean Farrell

Date: Thursday 18 Mar 2021

LONDON (ShareCast) - (Sharecast News) - 3i said stores of its Action discount retail business that are fully open were trading strongly but that outlets in countries under lockdown had lost "significant sales".


All but 18 stores in France and all stores in Belgium, Luxembourg, Austria and Poland are open and doing good business, the private equity group said. In France, Belgium, Luxembourg and Poland earnings are "materially ahead of budget" and like-for-like sales were at least 25% higher than 2020 in the first 10 weeks of 2021.

Action's shops in the Netherlands, Germany and the Czech Republic are still operating under Covid-19 restrictions.

"Action lost significant sales compared to budget in the Netherlands and Germany in January and February, although the recent relaxation of restrictions has lifted trading in March which is now moving up to budget levels in both countries," the FTSE 100 group said. "Product availability across all countries is good and the distribution centre network is operating well."

3i shares fell 1% to 11.85 at 08:26 GMT. The company released its update before a capital markets seminar scheduled for 09:30 GMT.

Action is the biggest business in 3i's portfolio of private equity investments. The business's cash and liquidity is about €525m and it is on course to open more stores in the first quarter of 2021 than in the same period a year earlier.

3i said the rest of its portfolio was showing resilient performance and had momentum with a number of companies benefiting from shifts towards ecommerce, health and hygiene and value retail.

The pound has strengthened during the financial year. A 1% movement in the euro results in a total return movement of $62m and a 1% movement in the US dollar moves total return by 13m, 3i said.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

3i Group Market Data

Currency UK Pounds
Price 1,224.00p
Change Today 26.00p
52 Week High 1,282.00p
52 Week Low 749.80p
Volume 1,384,842
Shares Issued 973.17m
Market Cap 11,912m
Beta 0.01

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

3i Group Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 17-Jun-21 03-Dec-20
Paid 23-Jul-21 13-Jan-21
Amount 21.00p 17.50p

Trades for 13-May-2021

Time Volume / Share Price
16:45 10 @ 1,227.50p
16:45 10 @ 1,227.50p
16:35 471,254 @ 1,224.00p
16:29 18 @ 1,227.50p
16:29 70 @ 1,227.50p

3i Group Key Personnel

CEO Simon Borrows
Chair Simon R Thompson