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UK's 3i Group H1 total return falls to 5%, launches new buyback

By Reuters News


Overview

  • UK private equity and infrastructure investor's H1 total return fell to 5% from 13% yr/yr

  • Net asset value per share rose to 3,154p from 3,030p at March 2026

  • Company completed £750 mln share buyback, launches new £750 mln buyback to May 2027


Outlook

  • Company expects Action full-year LFL sales growth of around 4% and EBITDA margin of 14.7%-14.8%

  • Action remains on track to open at least 400 stores in 2026

  • 3i Group launches second share buyback programme of up to £750 mln, to complete by end-May 2027


Result Drivers

  • ACTION PERFORMANCE - Strong revenue and profit growth at Action, driven by store expansion, price reductions, and increased customer visits, supported group results

  • PORTFOLIO RESILIENCE - Other private equity holdings such as Royal Sanders, Luqom, and WaterWipes delivered solid or improving performance despite challenging market conditions

  • FOREIGN EXCHANGE IMPACT - Foreign exchange translation losses reduced overall returns in the period


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Dividend for FY2027

42.25p

H1 Net Asset Value Per Share

GBP 31.54


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and 3 "sell" or "strong sell"

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

  • Wall Street's median 12-month price target for 3i Group PLC is GBp3,522.00, about 37.3% above its November 11 closing price of GBp2,565.00

  • The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago


Reuters Recommended Reads

  • Nov 10 - UK's Caledonia Investments posts 5.4% half-year NAV return, declares special dividend

  • Nov 11 - UK's Cavendish H1 revenue falls 20% amid subdued markets

  • Nov 10 - UK's Tatton Asset Management H1 profit rises on higher AUM, net inflows


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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