Brief: Patrizia Q1 AuM At EUR 56.7 Bln
14/05/2024 16:54
May 14 (Reuters) - PATRIZIA SE PATGn.DE :
* Q1 AUM AT EUR 56.7BN (FY 2023: EUR 57.3BN) IMPACTED BY
MODEST
VALUATION PRESSURE
* Q1 TOTAL SERVICE FEE INCOME OF EUR 72.5M (3M 2023: EUR
83.7M)
* Q1 EBITDA OF EUR 17.3M (3M 2023: EUR 27.2M), PRIMARILY
DRIVEN BY
THE RECOGNITION OF ANNUAL CARRY PAYMENTS DURING THE FIRST
QUARTER
* EBITDA ON TRACK TO ACHIEVE FULL YEAR GUIDANCE OF EUR 30.0M
-
60.0M
* CONFIRMS ITS FINANCIAL GUIDANCE FOR FY 2024 WITH AUM IN A
RANGE
BETWEEN EUR 54.0BN - 60.0BN AND AN EBITDA OF BETWEEN EUR 30.0M -
60.0M
Further company coverage: PATGn.DE
(Gdansk Newsroom)
((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))