** Shares in Eurazeo EURA.PA have gradually slumped to touch their lowest since November 2020, an analyst pointing to a 'strong decline' in Q4 asset value 'overshadowing everything'
** The company "once again delivered mixed results, with undeniable progress made on asset management but not yet enough to offset the continuous decline on the GAV (gross asset value) side", says AlphaValue's Alexandre Desprez in a note
** Eurazeo shares trade 11% lower at 1227 GMT
** The group posts FY net loss at around 400 million euros ($463.68 million), while the net value of its investment portfolio drops to 6.82 billion euros from 7.88 billion a year earlier
** Desprez adds that while Eurazeo shows "strong business momentum", valuation adjustments pose "a drag", and the decline in net income coupled with drop in portfolio value underscores challenges the company has to deal with
** Up to the previous session's close, shares were down 15.6% YTD
($1 = 0.8627 euros)
(Reporting by Mateusz Rabiega)
((Mateusz.rabiega@thomsonreuters.com))