Brief: Petershill Partners PLC Re-Iterates 2023 Guidance

Petershill Partners

21/11/2023 07:43

Nov 21 (Reuters) - Petershill Partners PLC  PHLL.L :
    * PETERSHILL PRTNRS  - Q3 TRADING UPDATE
    * PETERSHILL PARTNERS PLC - AGGREGATE PARTNER-FIRM AUM OF
US$303BN, INCREASING 1% DURING QUARTER AND 7% YEAR-OVER-YEAR
    * PETERSHILL PARTNERS PLC - AGGREGATE FEE-PAYING
PARTNER-FIRM AUM
OF US$197BN, INCREASING 1% DURING QUARTER AND 4% YEAR-OVER-YEAR
    * PETERSHILL PARTNERS PLC - ORGANIC GROSS FEE-ELIGIBLE AUM
RAISE
WAS US$6BN FOR QUARTER AND A TOTAL OF US$20BN IN FIRST NINE
MONTHS OF YEAR
    * PETERSHILL PARTNERS PLC - IN Q3, PARTNER FEE RELATED
EARNINGS
(FRE) WERE US$53M, 13% HIGHER THAN IN Q3 2022
    * PETERSHILL PARTNERS PLC - RE-ITERATE OUR 2023 GUIDANCE AS
PROVIDED AT OUR INTERIM RESULTS ON 8 SEPTEMBER 2023
    * PETERSHILL PARTNERS PLC: SEES  US$190-US$210M FULL YEAR
PARTNER
FRE
    * PETERSHILL PARTNERS PLC: SEES PARTNER REALISED PRE
EXPECTED TO
BE BELOW MEDIUM-TERM GUIDANCE OF 20% - 30% OF TOTAL PARTNER
REVENUES FOR FULL YEAR
    * PETERSHILL PARTNERS PLC: SEES 2023 85-90% COMPANY ADJUSTED
EBIT
MARGIN
    * PETERSHILL PARTNERS-SIGNS INFLATION IS MODERATING &
EXPECTATION
FOR RATES TO STABILIZE, BUT AT SAME TIME BROADER MACRO
UNCERTAINTY PERSISTS FOR YEAR END

Further company coverage:  PHLL.L 

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