Finland · Delayed Price · Currency is EUR CapMan Oyj Earnings Call Transcripts
Fiscal Year 2025
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Record AUM and strong financial growth were achieved, with 19% AUM increase to EUR 7.2 billion and 36% EBIT growth. Strategic acquisitions and fund launches strengthened real asset focus, while positive cash flow and robust cost control support continued expansion.
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Record AUM reached SEK 7.1 billion, up 17% YTD, with strong fee income growth and a 46% EBIT increase year-over-year. Exits and carried interest are expected to rise in the next 6-12 months as market activity improves.
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AUM grew 8% to EUR 6.5 billion in H1 2025, with major acquisitions in hotels and real estate debt. Revenue dipped slightly due to lack of carried interest, but strong fair value gains and liquidity support growth. Fundraising and transaction markets remain challenging.
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AUM grew 6% to EUR 6.4 billion in Q1, driven by a major hotel portfolio acquisition, while fee profit rose 46% year-over-year. Despite market uncertainty delaying fundraising, long-term growth targets and strong liquidity remain intact.
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A real asset-focused platform is targeting €10bn AUM by 2027, driven by scaling real estate, infrastructure, and natural capital strategies, with strong sustainability integration and a scalable, technology-enabled model. Over 90% of funds are above hurdle rates, and financial targets remain unchanged.
Fiscal Year 2024
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Record AUM of EUR 6.1 billion and strong financial growth were achieved, driven by strategic acquisitions and new capital. Fee profit and EBIT saw significant increases, with continued focus on core asset management and sustainability. Dividend distribution is set to rise.
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AUM grew 20% to EUR 6 billion and comparable EBIT more than doubled year-over-year. Fee profit and carried interest rose sharply, while the CaPS divestment will further strengthen liquidity and support dividends. Fundraising remains robust despite a slow market.
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Record-high AUM of EUR 5.8 billion and strong profitability marked H1 2024, driven by acquisitions and successful fundraisings. Fee profit and EBIT saw significant year-over-year growth, with a solid balance sheet and positive outlook for continued expansion.