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Finland's CapMan 9-mo revenue rises 19% on fee income

By Reuters News


Overview

  • Finland private asset manager's 9-mo revenue rose 19% yr/yr, driven by higher fee income

  • Comparable operating profit fell due to lower fair value changes

  • Company AUM was EUR 7.7 bln on Sept 30 vs EUR 7.2 bln at end December 2025


Outlook

  • CapMan expects assets under management to grow in 2026

  • Company estimates fee profit to grow in 2026

  • Company does not provide numeric guidance for 2026


Result Drivers

  • FEE INCOME & CARRIED INTEREST - Co said higher fee income and carried interest from successful exits lifted revenue

  • FLAGSHIP FUND CLOSINGS - Management fees increased, supported by first closings of flagship funds

  • FAIR VALUE CHANGES - Lower fair value changes reduced comparable operating profit


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

EUR 50.70 mln

9M Adjusted Net Income

EUR 14.90 mln

9M Net Income

EUR 13.40 mln

9M Adjusted Operating Profit

EUR 17.20 mln

9M Operating Profit

EUR 15.30 mln


Analyst Coverage

  • The one available analyst rating on the shares is "strong buy"

  • The average consensus recommendation for the investment management & fund operators peer group is "buy."

  • Wall Street's median 12-month price target for CapMan Oyj is €2.20, about 24.3% above its November 4 closing price of €1.77

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Nov 3 - Hamilton Lane raises full-year dividend target by 11%

  • Nov 3 - Apollo Global misses Q3 revenue estimates, declares dividend

  • Nov 4 - Canada's Sprott Q3 net income jumps 67% on higher AUM


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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