Business
PB N : Holding Reports Full Year 2024 Results 30-04-2025
PB N : Holding Reports Full Year 2024 Results
About this update from Pb Holding Nv
[{"type":"text","content":"\n Gepubliceerd: 30-04-2025 18:00\n Press ReleasePB Holding Reports Full Year 2024 Results\n Rotterdam, 30 April 2025 - PB Holding N.V. (\"PB Holding\" or the \"Company\") reports a net loss of €384 thousand for the financial year 2024, a significant improvement compared to a net loss of €2,565 thousand in 2023. The value of the Company's main asset - 515,000 certificates of shares in Bovemij N.V. - remained unchanged at €16.6 million as of 31 December 2024.\n \n \n The Company's liquidity stood at €48 thousand at year-end 2024 (2023: €602 thousand), impacted by the annual result and the repurchase of 72,914 shares for a total consideration of €212 thousand. Following the settlement of Nafimij B.V.'s recommended public offer on 7 March 2025, changes were made to the Management Board and Supervisory Board. Additionally, PB Holding secured a €300 thousand revolving credit facility from Handelsbanken, guaranteed by Mont Cervin S.à r.l.\n Key Developments\n \n No dividend was received from Bovemij in 2024 (2023: €309 thousand). No value changes of the certificates of shares in the capital of Bovemij was recorded (2023: negative €2,590 thousand);\n \n \n Personnel expenses increased to €128 thousand (2023: €90 thousand) mainly due to an increased management fee;\n \n \n Other operating expenses rose to €294 thousand (2023: €190 thousand), driven by legal and advisory costs related to the public offer by Nafimij B.V. and reclassifications;\n \n \n Financial income and expenses remained stable at €3 thousand.\n \n Outlook PB Holding continues to focus exclusively on managing its holding in Bovemij. The Management Board will maintain a prudent approach to liquidity and cost management, aiming to maximize sustainable long-term value creation to all stakeholders.\n Subsequent Events\n \n Settlement of the recommended public offer by Nafimij B.V. on 7 March 2025.\n \n \n Resignation of Mr. H.H. van der Kwast and appointment of Mr. T.R.F. Admiraal as sole member of the Management Board, and Ms. S. Klep and Mr. J.G.H.M. Niessen as members of the Supervisory Board, effective as of 7 March 2025.\n \n \n Cancellation of 575,000 treasury shares and arrangement of a €300 thousand credit facility with Handelsbanken, guaranteed by Mont Cervin S.à r.l.\n \n \n Appointment of BDO Audit & Assurance B.V. as external auditor for FY2024.\n \n \n Ongo...