2024 Interogo Holding Annual Report published
Interogo Holding AG announces strong financial results for 2024, underpinned by disciplined capital deployment, resilient portfolio performance, and progress across strategic investment areas in parallel to ongoing macroeconomic and geopolitical uncertainty.
The global economic and geopolitical environment remained complex and volatile throughout 2024. Despite this, financial markets performed strongly—particularly in the U.S.—supported by resilient corporate earnings, and growing interest in AI-driven growth themes.
The financial performance of the year reflects not only the resilience of our investment strategies but also the dedication and adaptability of our teams across the organization. In a prolonged period of volatility and uncertainty, we are proud of how our people have responded—with focus, flexibility, and a steadfast commitment to our long-term objectives. Their efforts have been instrumental in navigating a complex environment while continuing to create lasting value.”, says Martin van Dam, CEO, Interogo Holding
Interogo Holding deployed a total of EUR 1.7bn gross into illiquid strategies (2023: EUR 1.5bn) and EUR 3.5 bn net into its liquid portfolio (2023: N/A).
- International, our fund of funds and co-investment strategy, committed EUR 530m (2023: EUR 460m). Fund partner deployment stood at EUR 360m, down from EUR 435m in 2023.
- In our direct private equity portfolio, Nalka acquired a controlling stake in Norstat, a leading consumer data collection platform. Nalka and its portfolio companies completed acquisitions totalling EUR 450m, up from EUR 260m in 2023.
- Long-Term Equity: A fifth portfolio company, Tomra (a leader in reverse vending, recycling, and sorting technologies), was added. Positions in Embla Medical (a leader in non-invasive orthopedic solutions) and Siegfried (global leading CDMO) were further strengthened. Total capital deployed reached EUR 195m (2023: EUR 260m).
- Infrastructure: Two transactions totalling EUR 460m (2023: EUR 285m) included minority interests in Q-Park (a leading European parking infrastructure owner) and a portfolio of road and parking concessions across Spain, Canada, Scotland, and Ireland (Umbrella Roads BV).
- Real Estate: Our real estate team Vastint maintained its prudent development strategy with capital investment of EUR 300m (2023: EUR 280m). Rental income increased by 1.5% to EUR 149m.
- Our liquid asset portfolios of listed equities and fixed income delivered solid returns, buoyed by easing inflation, improved sentiment, and strong equity performance. Fixed income also benefited from attractive yields despite rate volatility.
Divestments in alternative assets and property portfolios were limited at EUR 0.4bn, down from EUR 0.5bn in 2023. However, investment income rose sharply to EUR 1.8bn, up from EUR 0.3 bn, primarily driven by strong performance in the liquid asset portfolios.
Gross profit increased by 30% to EUR 1,280m, driven by acquisitions and growth in the direct private equity portfolio. Net profit Reached EUR 1,412m (2023: EUR 1,266 m).
“As we continue to grow, we remain focused on building an organization that is both fit for the future and grounded in our purpose and values. In 2024, we took important steps to shape our long-term direction—defining our view on 2030. These initiatives signal exciting growth prospects but also prompt an ongoing reflection on how we evolve as an organization while staying true to who we are. This important work will continue into 2025 and beyond.", says Martin van Dam.
Download the 2024 Interogo Holding Annual Report here.