Finland's CapMan H1 revenue rises, expects AUM growth to continue

CapMan Oyj

06/08/2026 06:23

Overview
Finland private asset manager's H1 revenue rose 16% yr/yr to EUR 31.4 mln
Diluted EPS for H1 rose to 2.6 cents from 2.4 cents yr/yr
Assets under management reached EUR 7.7 bln after strong capital intake

Outlook
CapMan estimates assets under management to grow in 2026
Company expects fee profit to grow in 2026
CapMan does not provide numeric estimates for 2026 due to annual fluctuations

Result Drivers
RECORD FUNDRAISING - Co said record capital intake, including first closes for two flagship funds, drove growth in assets under management and future fee income
FEE INCOME GROWTH - Fee income and fee profit rose 16% and 28% yr/yr, supported by increased assets under management and new capital raised
VALUE CREATION AND EXITS - Co cited continued value creation and successful exits, including the sale of Silmäasema and real estate assets, as supporting profitability and capital distributions

Company press release: ID:nWkr3my1Px

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 31.40 mln
 
H1 Adjusted Net Income
 
EUR 6.80 mln
 
H1 Net Income
 
EUR 6.20 mln
 
H1 Adjusted Operating Profit
 
EUR 10 mln
 
H1 Operating Profit
 
EUR 9.10 mln
 

Analyst Coverage
The one available analyst rating on the shares is "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 €2.15, about 19% above its August 5 closing price of €1.81
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 4 - Finland's eQ H1 revenue rises on strong private equity fundraising
Aug 5 - Carlyle tops profit expectations on pick-up in fees, deals
Aug 5 - Victory Capital Q2 revenue rises 24%, beats estimates on higher AUM

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(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.)