Constellation Software's Spin-Offs: Unwavering Focus on Profitability

Strengthening competitive positioning as a common denominator for our companies in Q3

Hi fellow Tortoise!

Welcome to another bi-weekly webinar! In this episode, we’ll highlight:

• In reviewing recent earnings reports for our portfolio holdings, a clear trend stands out: resilient profitability despite geopolitical tensions and slower revenue growth. Now is the ideal time to invest in initiatives aimed at elevating shareholder value creation to new heights.

• Constellation Software’s spin-out companies Topicus and Lumine reported solid profitability in Q3. Let’s take a closer look at what’s happening and what the year-to-date figures look like.

• Lastly, a defensive way to compounding your capital in a high-quality ETF when the market’s valuations are stretched. An effective way to keep investing on a regular basis and with smaller sums.

The presentation can be watched below, including the slides and the transcript.