Capman: Profitability below estimates - Evli
This is a third party research report and does not necessarily reflect our views or values
CapMan’s Q2 results were decent, but the operating profit fell below expectations largely due to lower than estimated fair value changes, at EUR 2.5m in Q2 (EUR 4.7m/6.0m Evli/cons.). Turnover was somewhat in line with expectations, although management fee development was on the softer side.