(Boursier.com) — Antin Infrastructure Partners stabilizes at 11 euros this Friday after a weekly drop of 7% over the week, while Morgan Stanley went back from ‘overweight’ to ‘market weighting’ on the file with an adjusted price target from 21 to 13 euros. The group posted assets under management of €30.8 billion, up 6.4% over the last 12 months. The interim cash dividend is 0.32 euros per share and will be paid on November 16. It represents more than double compared to the amount of 0.14 euros per share paid in 1H 2022 and represents a distribution rate of 94% of underlying net profit. The detachment of the dividend is scheduled for November 14…
The 2023 EBITDA outlook has been revised mainly due to the pace of fundraising: “In a challenging fundraising environment, Flagship Fund V is now expected to raise around €9 billion by the end of 2023 and reach its cap of 12 billion euros in 2024. NextGen Fund I is expected to reach its target size of 1.2 billion euros in 2023.
Taking into account the updated fundraising pace for Flagship Fund V and the decline in investment income due to portfolio revaluations, underlying EBITDA is now expected to reach around €170 million in 2023, which remains a significant increase compared to 2022, management further specifies.
As a reminder, any commitment raised in 2024 instead of 2023 is subject to catch-up fees, leading to management fees and EBITDA recognized subsequently, but not abandoned…
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