Brief: Antin Infrastructure Partners H1 Underlying EBITDA Up At Eur 82.8 Mln

Antin Infrastructure Partners SAS

04/08/2023 06:13

Aug 4 (Reuters) - Antin Infrastructure Partners SAS
 ANTIN.PA :
    * AUM AT EUR 30.7BN, UP +37.4% OVER LAST TWELVE MONTHS
    * ANTIN REPORTS SOLID ACTIVITY AND STRONG FINANCIAL
PERFORMANCE IN
1H 2023
    * FEE-PAYING AUM AT EUR 19.7BN, UP +45.1% OVER LAST TWELVE
MONTHS
    * STRONG REVENUE GROWTH OF +43.8% WITH LONG-TERM CONTRACTED
MANAGEMENT FEES ACCOUNTING FOR MORE THAN 98% OF TOTAL REVEN
    * H1 UNDERLYING EBITDA GREW +72.5%, DEMONSTRATING
SIGNIFICANT
OPERATING LEVERAGE. NEAR DOUBLING OF UNDERLYING NET INCOME
    * OUTLOOK SPECIFIED: FLAGSHIP FUND V EXPECTED TO REACH C.EUR
10BN
BY END OF 2023 AND EUR 12BN IN 2024
    * END-H1 STRONG BALANCE SHEET WITH EUR 425.0M IN CASH AND
CASH
EQUIVALENTS TO SUPPORT GROWTH INITIATIVES
    * INTERIM CASH DIVIDEND MORE THAN DOUBLING YEAR-ON-YEAR TO
EUR
0.32 PER SHARE, REPRESENTING A 94% PAYOUT RATIO
    * UNDERLYING EBITDA REACHED EUR 82.8M IN 1H 2023 AND ITS
GROWTH OF
+72.5% OUTPACED REVENUE GROWTH
    * UNDERLYING NET INCOME REACHED EUR 60.7M IN 1H 2023, ALMOST
DOUBLING (+98.2%) COMPARED WITH 1H 2022
    * OTHER OPERATING EXPENSES AND TAXES DOWN BY -2.5% TO REACH
EUR
15.4M IN 1H 2023
    * OUTLOOK: SIGNIFICANTLY INCREASE UNDERLYING EBITDA IN 2023
COMPARED WITH 2022. UNDERLYING EBITDA EXPECTED TO REACH C.EUR
200M IN 2023
    * OUTLOOK: MAJORITY OF CASH PROFITS TO BE DISTRIBUTED WITH
ABSOLUTE QUANTUM OF ANNUAL DIVIDENDS EXPECTED TO GROW OVER TIME

Source text for Eikon:  ID:nBw6RD39ma 
Further company coverage:  ANTIN.PA 

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