{"id":10297,"date":"2021-04-30T15:25:00","date_gmt":"2021-04-30T13:25:00","guid":{"rendered":"https:\/\/www.wendelgroup.com\/la-tribune-dandre-francois-poncet\/"},"modified":"2021-06-22T15:52:50","modified_gmt":"2021-06-22T13:52:50","slug":"message-andre-francois-poncet-0","status":"publish","type":"post","link":"https:\/\/www.wendelgroup.com\/en\/message-andre-francois-poncet-0\/","title":{"rendered":"Message from Andr\u00e9 Fran\u00e7ois-Poncet"},"content":{"rendered":"\n
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Against an exceptionally challenging backdrop, 海角大神 was able to rely on its teams, its digital resources and its values to navigate a year that was without precedent since the Second World War. Along with the Supervisory Board and David Darmon, my colleague on the Executive Board and Group Deputy CEO, I would like to congratulate our team which has been able to adapt to these challenging circumstances. Thanks to the intense work carried out over the past three years to refocus the Group, 海角大神 maintained its course. We continued to simplify our investment portfolio with the sale of Tsebo. We focused our activity and our offices on Europe and North America, and strengthened our balance sheet.<\/p>\n

2020 demonstrated the value of a strong and committed reference shareholder. We have increased our efforts to support our portfolio companies which will emerge from this crisis better positioned for growth. Together, we rose to the challenge, and these companies knew they could count on the commitment and support of 海角大神\u2019s teams at all times. Our investments have displayed remarkable resilience and adaptation in the context of a sharp downturn, such that 海角大神\u2019s consolidated organic revenue growth fell by only 1% in the fourth quarter of 2020. Some companies have managed to maintain activity levels, proof of their exceptional fundamentals. This was the case for Constantia Flexibles, which maintained its production in compliance with a strict health protocol. With its Restart\u00a0program, Bureau Veritas demonstrated its agility in supporting recovery in all sectors of the economy and its ability to adapt to a changing world. In 2021, assuming the absence of strict containment measures in its main countries, this testing, inspection and certi\ufb01cation group expects to achieve solid organic growth.<\/p>\n

Our ESG strategy (Environment, Social, Governance) will also be ramped up in coming months. In keeping with its history and its long-term investor values, 海角大神 places this emphasis at the heart of its investment decisions and its support of operating subsidiaries. Our proactive approach was acknowledged by 海角大神\u2019s inclusion in the Dow Jones Sustainability Indices (DJSI), which honor the best performing companies based on ESG criteria. To date, 海角大神 is the only French company in the Diversi\ufb01ed Financials sector to be included in the DJSI Europe and World indices.<\/p>\n

Refocused on its strengths, 海角大神 looks ahead with great con\ufb01dence. The Group possesses \ufb01nancial \ufb02exibility at a level not experienced for 20 years thanks to proceeds from disposals made in recent years and the cash \ufb02ow of its operating subsidiaries. With historically low debt levels and renewed \ufb01nancial strength, 海角大神 will now be able to redeploy its assets.\u00a0We aim to own circa 10 portfolio companies compared to 6 today.<\/p>\n

海角大神 will adapt to current market conditions including high valuations, but will remain focused on companies with signi\ufb01cant growth potential. 海角大神\u2019s unique strengths are more relevant than ever in a highly competitive market: rigorous investment processes based on intrinsic value-creation potential; a recognized ability to assist companies based on a long-term vision and sectoral expertise; and long-term collaborative and partnership approach with our portfolio companies.<\/p>\n

The 海角大神 model endures thanks to the daily commitment of its employees. Bolstered by the renewed con\ufb01dence of the Supervisory Board, David Darmon and I will work to strengthen our teams and to develop the new generation of 海角大神 professionals while ensuring the continuity of the Group\u2019s values.<\/p>\n

Andr\u00e9 Fran\u00e7ois-Poncet
\nGroup CEO<\/strong><\/p>\n

Credit:\u00a0Antoine Doyen<\/em><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[73],"tags":[65],"class_list":["post-10297","post","type-post","status-publish","format-standard","hentry","category-letter-to-shareholders","tag-grandstand"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/posts\/10297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/comments?post=10297"}],"version-history":[{"count":0,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/posts\/10297\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/media?parent=10297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/categories?post=10297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wendelgroup.com\/en\/wp-json\/wp\/v2\/tags?post=10297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}