At Gimv we look back at another intense and successful year. We invested in 11 promising new companies, across all our investment platforms, for a total of EUR 180 million. At the same time, market conditions remained favourable, permitting 12 exits with a positive impact on income. The result was also buoyed by the strong performance of investee companies. Our active investment approach, together with the significant value creation in our portfolio, enabled us to post a strong result for the 2016-2017 financial year. The 19 percent portfolio yield translates into a net profit of EUR 131.9 million.
The choice of a sector-based platform strategy and the financial, strategic and industrial expertise we have built up over the years strengthen our investment approach aimed at sustainable long-term value creation.
Thank you to everyone for this very strong result. Our strategy, combined with a promising portfolio and a strong balance sheet, allow us to look to Gimv's future with confidence. Building leading companies.