CapMan is an investment company. The vision is to be a long-term owner and create added value for the shareholders in the long term. CapMan mainly invests in medium-sized unlisted companies, properties and infrastructure facilities around the Nordic market. Furthermore, the company offers asset management, purchasing activities as well as analysis, reporting and back office services. CapMan was founded in 1989 and its headquarters are in Helsinki, Finland.
CapMan is currently in the midst of the largest fundraising cycle in its history, and the success of this effort will largely determine the stock’s trajectory in the coming years. If the fundraising is successful, the share valuation is favorable.
CapMan's Q1 top-line figures and profitability both came in above our expectations. Adjusted EBIT was EUR 6.1m (our estimate: EUR 4.8m) and revenues reached EUR 16.3m (our estimate: EUR 15.9m). Relative to our estimates, the profitability beat was mainly...
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CapMan’s Q1 fee income of EUR 15.9m grew 22% y/y and was 7% ahead of our estimate of EUR 14.9m. Fee profit of EUR 2.2m grew clearly and was up by 48% y/y, although still slightly below our estimate of EUR 2.8m. Driven by higher-than-expected positive...
Ahead of CapMan's Q1 2026 results on 6 May, we cut our EBIT estimates, mainly to reflect a lower level of fair value changes. We also marginally lower our outlook for carried interest bookings. For Q1, we estimate continued year-on-year improvements ...
