3i Group hails LFL sales growth at largest portfolio holding Action

(Sharecast News) - 3i Group said on Thursday that like-for-like sales at Dutch discount retailer Action grew in the year to date, as it gave a brief update on the performance of its largest portfolio holding. As at 21 June, Action's LFL sales growth was 3.3% year to date, it said. In an update in May, 3i had said that Action's LFL sales rose 2.4% in the 19 weeks to 10 May.

3i said new store openings of 105 are on track with Action's expansion plans for 2026. It also said that Action is set for a good quarter of profit growth and had a cash balance of €699m as at 21 June after the payment of a €450m dividend to all shareholders in May.

"The remainder of the private equity portfolio continues to demonstrate good momentum in line with our expectations," it said.

At 0811 BST, 3i shares were up 9.6% at 2,492p.

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