Antin slumps after it cuts FY underlying EBITDA guidance

Antin Infrastructure Partners SAS

08/11/2023 08:52

** Shares in Antin Infrastructure Partners  ANTIN.PA  drop
around 8% as the French investment firm cut its full-year
underlying EBITDA guidance
    ** The Paris-based firm now expects underlying EBITDA of
around 170 million euros ($181.46 million) due to slower pace of
fundraising vs previous guidance of 200 million euros
    ** "The fundraising slowdown seen for Antin's flagship
Infrastructure fund echoes the lack of progress seen at EQT
Infrastructure VI in Q3," J.P.Morgan says, adding it points to
less strong demand for infrastructure asset class than it would
have expected
    ** "We believe the guidance downgrade will further
disappoint investors today," it says
    ** The stock is on track for its worst day since mid-March 
($1 = 0.9369 euros)

 (Reporting by Lina Golovnya)
 ((lina.golovnya@thomsonreuters.com))