CVC shares slip to bottom of AEX index on near-term guidance miss

CVC Capital Partners

11/03/2026 09:18

** Shares in CVC Capital CVC.AS drop around 6% to the bottom of the wider Dutch AEX index .AEX after publishing its full year results with its near-term performance-related earnings (PRE) guidance missing J.P. Morgan and ING consensus estimates

** The group guides for PRE of around EUR 600 million ($696 million) and EUR 700 million over 2026 to 2027, missing ING consensus of EUR 1 billion and "below current consensus of (around) €1.1 billion," JPM says, even as long term guidance of EUR 1.2 to EUR 1.5 billion is in-line

** "Cost guidance for 2026 of <10% is better than previous guidance of c.13% and will lead to €40m better than forecast cost in 2026 but this won't be enough to offset the necessary cut in PRE estimates," ING adds

** CVC reported closing fee-paying assets under management (FPAUM) of EUR 148 billion, in line with consensus, whilst full year adjusted EBITDA of EUR 598 million and revenue of EUR 905 million came in above consensus

** The private equity firm also announced a share buyback of EUR 350 million and a year-end dividend of around EUR 0.235 per share

($1 = 0.8615 euros)

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com))