Overview
Swedish fintech investor's Q4 NAV rose 7% QoQ, driven by Creditas fundraise
FY25 net income was USD 85.4 mln, reversing prior year's loss
Company shifts focus to long-term investments, readying capital deployment
Outlook
VEF shifts focus to long-term investments, preparing for capital deployment
Result Drivers
CREDITAS FUNDRAISE - Successful Series G equity funding round by Creditas raised USD 108 mln, boosting VEF's NAV
CREDITAS PERFORMANCE - Creditas' acquisition of Andbank Brazil and leadership changes supported its strong quarterly performance
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
$85.40 mln
FY Net Asset Value
$433.80 mln
FY Net Asset Value Per Share
$0.43
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "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 Vef AB (publ) is SEK3.05, about 43.9% above its January 20 closing price of SEK2.12
Press Release: ID:nMFN5d2BFZ
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(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.)
