After the tragic loss of life of Petr Kellner, collectively along with his household, Renáta Kellnerová continues his legacy, following the founding father of the PPF funding group in that she virtually doesn’t seem in public. The exception is the group’s annual experiences, and this additionally applies to the one for the final yr, during which PPF earned a report 36 billion crowns. The richest Czech recapitulates the occasions of current years, from which her household emerged as the only real shareholder of the complete PPF. And that’s additionally why, in accordance with her phrases, she took a extra decisive strategy. Along with the CEO of the group, Jiří Šmejc, PPF needs to proceed steering primarily in direction of Western markets and search for new funding alternatives.
“Whereas the years 2021 and 2022 meant for me primarily a interval of attending to know the processes inside the group and looking for a brand new stability disturbed by the sudden loss of life of my husband, final yr I already took a extra decisive strategy in relation to the PPF,” evaluated by Renáta Kellnerová within the annual report. She may be glad with the outcomes. The worth of the group’s property elevated to 43.5 billion euros (1.1 trillion crowns in present conversion) and the revenue jumped to 1.45 billion euros (36 billion crowns). The yr earlier than, these indicators had been 40 billion euros and 164 million euros, respectively.
Renáta Kellnerová states within the annual report that, from the attitude of the shareholders, she is happy that PPF is succeeding in fulfilling the long-term technique that they specified by tandem with Jiří Šmejec. This could include specializing in investments in Western markets and on sectors during which PPF has been most profitable in the long run, particularly monetary companies, telecommunications, media or e-commerce.
It’s exactly in these areas that the PPF portfolio contains firms and types resembling Cetin, O2, Yettel, TV Nova, ProSieben, Viaplay, Residence Credit score, Air Financial institution, PPF banka, Moneta, InPost, Heureka and Quick. In some, the PPF is the only real shareholder, in others it’s owned along with different funding companions.
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“I imagine that affected person improvement of present property is an strategy that may ship secure income for PPF within the coming years in a quickly altering world. On the similar time, I might very very like the PPF to not lose its potential to see funding alternatives the place others don’t. That is what acquired the group to the place it’s now, and we should not neglect that.” reminds Renáta Kellnerová, who, for the reason that loss of life of Petr Kellner, collectively together with her descendants and different colleagues, has labored on vital adjustments within the property construction of the group and the style during which it’s managed by whom and the way.
The end result was, amongst others, the departures final yr of shut associates Petr Kellner and long-time minority shareholders Ladislav Bartoník and Jean-Pascal Duvieusart. Final September, the Kellner household turned the 100% proprietor of PPF. A share of 60 % was acquired by Renáta Kellnerová, and every of the 4 kids of the deceased founder acquired a ten % share.
“Regardless that the decision-making from the shareholders’ viewpoint now primarily rests on my shoulders, I can happily lean on my household and people closest to me. It subsequently fills me with pleasure that the subsequent era of Kellners will not be detached to the destiny of the PPF.” writes Kellner. In response to her, the second main occasion of final yr was the institution of the household holding Amalar, which allows the Kellners to consolidate and handle all household property and can also be supposed to supply ample skilled background for deciding on the additional course of PPF.
Amalaru contains an advisory board headed by former Prime Minister and Governor of the Czech Nationwide Financial institution Jiří Rusnok, different members are former EY managing associate Magdalena Souček, director of the PPF Group Jiří Šmejc, professor of surgical procedure at Yale College Bohdan Pomahač and in addition investor and transactional lawyer Tomáš Bran. Different consultants are additionally accessible, for instance for funding alternatives.
“As you nicely know, PPF has traditionally had a single majority shareholder whose stake has by no means fallen beneath 90 %. Petr knew his firm completely, managed it and made selections about it solely by himself. Nevertheless, after his loss of life and the tip of the inheritance proceedings, the state of affairs modified dramatically. PPF immediately had a number of shareholders and we wanted to cope with it successfully. That’s the reason now we have determined to create an entity that will probably be superior to the PPF,” provides Renáta Kellnerová, in accordance with which the Amalar holding ought to specific the need of the household to actively take part within the administration of the PPF, whereas from the PPF’s viewpoint it represents a assure of stability and unity of the household sooner or later.
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