Finland's eQ Oyj first-quarter net revenue edges higher, operating profit falls 4%

eQ Oyj

28/04/2026 06:15

Overview

The Finnish asset manager's Q1 net revenue rose 1% yr/yr; operating profit fell 4%

Q1 EPS was unchanged at EUR 0.11

Asset Management segment revenue declined 4% due to lower real estate management fees

Outlook

Company expects real estate fund management fees to decrease in 2026 versus prior year

eQ estimates private equity fees will increase in 2026 compared to last year

Company expects several private equity funds to enter performance fee phase in 2026

Result Drivers

LOWER REAL ESTATE FEES - Asset Management segment revenue fell due to lower real estate management fees

PRIVATE EQUITY FUNDRAISING - Co raised over EUR 205 mln for private equity and venture capital funds, supporting positive cash flow

PROPERTY VALUE CHANGES - Real estate fund returns were negatively affected by changes in property values

Company press release: ID:nGNEYrzmq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 14.20 mln
Q1 EPS
EUR 0.11
Q1 Net Fee Income
EUR 13.90 mln
Q1 Operating Profit
EUR 5.60 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for eQ Oyj is €11.00, about 10% above its April 27 closing price of €10.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)