Brief: Patrizia AuM Decreased By 2.3% To EUR 55.9 Bln
13/11/2024 14:50
Nov 13 (Reuters) - PATRIZIA SE PATGn.DE :
* 9M EQUITY RAISED FROM CLIENTS FOR FUTURE INVESTMENTS IN
REAL
ASSETS INCREASED BY 168.0% TO EUR 0.7BN (9M 2023: EUR 0.3BN)
* ASSETS UNDER MANAGEMENT (AUM) DECREASED ONLY MODERATELY BY
2.3%
TO EUR 55.9BN
* EXPECTS THAT NEGATIVE IMPACT FROM A TEMPORARILY
CONSOLIDATED
AT-EQUITY INVESTMENT THAT BURDENED EBITDA DURING 9M 2024 WILL
MOSTLY UNWIND DURING Q4 2024 AND HENCE HAVE A SUBSEQUENT
POSITIVE IMPACT ON FINANCIAL RESULTS FOR Q4 2024
Source text: ID:nEQ2CBVmva
Further company coverage: PATGn.DE
(Gdansk Newsroom)
((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))