Excellent business drive in the quarter impacted by an unprecedented health crisis
The health crisis has had major repercussions on macroeconomic outlook and produced extreme shocks on the financial markets. After a quarter in line with the 2020 objectives of BNP Paribas, health crisis related developments had several major negative impacts on the first quarter 2020.
Commenting on these results, Chief Executive Officer Jean-Laurent Bonnafé stated:
“In response to the health crisis, the Group’s teams have mobilised around the world to contribute to the functioning of the economy and its financing. Our concerns have been to protect our employees who are fully mobilised to ensure banking services, to quickly implement solutions to support the financing of our corporate, institutional and individual clients, and to launch in all regions where we are present a plan for emergency donations to the hospital sector and organisations committed to assist vulnerable people.
At the end of a quarter supported by an excellent business drive, in line with its 2020 objectives, the results of BNP Paribas for the 1st quarter 2020 were impacted by the harshness of the health crisis. The good resilience of revenues and results despite this shock demonstrates the robustness of the Group’s diversified and integrated model. With all teams at BNP Paribas, whose I want to thank tireless commitment to serving customers and providing support to society, we will continue our efforts to mitigate the impact of the crisis on the economy and prepare for the future.”
Press Release: https://invest.bnpparibas.com/documents/1q20-pr-23455
BNP Paribas Fortis Private Equity invests in scale-up Nobi
Supporting innovative companies with social impact is one of the strategic pillars of Private Equity. The investment in scale-up Nobi is a perfect example of this commitment.
Together with LSP Health Economics Fund, LSP Dementia Fund and PMV, BNP Paribas Fortis Private Equity is investing more than 13 million euros in the Belgian scale-up Nobi, known for its smart lamp that focuses on fall detection and prevention for the elderly. The existing shareholders are also stepping into this second, by Belgian standards substantial and international, influx of capital. In so doing, they confirm their confidence in a company that, on the one hand, wants to make a fundamental difference to the lives of elderly people in assisted living centres, service flats or simply at home. On the other hand, the smart lamp also serves the broader society, which, due to the rapid ageing of the population, is seeing the cost of care due to falls increase year after year.
The 13 million euros of new capital will be used to further develop long-term collaborations with assisted living centres, service flats and hospitals around the world, and to launch Nobi in people's homes. Nobi will also be investing in the redesign of its first generation lamps. Despite rising raw material prices, the company aspires to a lower-cost lamp to help as many people as possible. To achieve all this nationally and internationally, team Nobi will grow from 10 to more than 40 employees by the end of 2022.
Didier Beauvois, Head of Corporate Banking & Member of the Executive Board BNP Paribas Fortis: "This investment underlines our mission to support innovative companies with a positive social impact. Together with the reputable investment consortium, we are happy to support Nobi’s further expansion in order to meet one of the greatest challenges in our society in the coming years."
BNP Paribas Fortis Private Equity invests in Konings
BNP Paribas Fortis Private Equity, which helps promising companies achieve their growth ambitions, has acquired a minority participation in Konings, a company based in Zonhoven. This co-packer and independent beverage producer focuses on the creation, production and filling of alcoholic and non-alcoholic drinks in glass bottles, cans, PET and Tetra Pak packaging. Konings works exclusively for third parties, usually major drink brands.
In order to continue to expand the company's sustainable growth plans internationally, Konings' shareholder-directors were looking for a reliable long-term partner to provide the necessary financial support. They chose our bank. This investment reinforces our many years of successful collaboration with Konings, which started in 2007.
'BNP Paribas Fortis Chair in Transport, Logistics and Ports’ extended for 2 years
The 'BNP Paribas Fortis Chair in Transport, Logistics and Ports’ at the University of Antwerp has been providing players in the maritime sector with a platform for the last 10 years. This anniversary certainly does not mean the end of the line. Sustainability, technology, the increasing flow of goods... More than enough material for the chair's extension until 30 September 2023.
In addition to scientific research, the chair brings together the most important players within the national and international port community to reflect on creative solutions for future ports. "We encourage the full exchange of information", says Prof. Dr Christa Sys of the University of Antwerp. "This leads to new ideas and accelerates innovation initiatives and improvements within the maritime sector."
The chair will continue its task for the next 2 years. Didier Beauvois, Head of Corporate Banking, BNP Paribas Fortis "The maritime sector is one of the most important economic sectors in Belgium. By creating a community and facilitating cooperation, we are fostering the innovation mindset and making companies more competitive."
10 years have brought wonderful achievements, including various co-innovation cafés and an e-book. This anniversary will be suitably marked on 30 September. But some major challenges also lie ahead. What is the impact of increasing goods flows on the ports? How can data be used in a smart way? What role can the maritime sector play in the transition to renewable energy? “More than ever, it is important to keep the dialogue between all stakeholders going. We are pleased and proud to be able to continue to work for at least another 2 years," says Prof. Dr. Sys.
Read the press release here for more information.
BNP Paribas Fortis supports the stock market listing of biotech pioneer Biotalys
The Ghent-based company's first innovative biocontrol crop protection product is ready and it is now seeking to raise capital.
Agrotechnology company Biotalys was listed on the stock exchange last Friday. BNP Paribas Fortis Private Equity, which helps promising companies to achieve their growth ambitions, supported the company's initial public offering as a cornerstone investor.
Biotalys specialises in the biological control of plant diseases. It now has its first product ready to help fruit and vegetable growers protect their plants from mildew and botrytis. The product is a sustainable alternative to chemical products for reducing food loss from field to fork. The innovator's solution is protein-based, which makes it unique in the agricultural sector.
The newly raised stock market capital will primarily be used to finance the company's existing pipeline of products and the marketing phase.
Find out more about private equity here.
- BNP Paribas Group, first quarter 2020 results
- BNP Paribas Fortis Private Equity invests in scale-up Nobi
- BNP Paribas Fortis Private Equity invests in Konings
- 'BNP Paribas Fortis Chair in Transport, Logistics and Ports’ extended for 2 years
- BNP Paribas Fortis supports the stock market listing of biotech pioneer Biotalys
- See all news