Tikehau Capital: share price declines despite solid results

(CercleFinance.com) - On Wednesday morning, Tikehau Capital reported 2023 results that it described as "solid on all fronts", in particular thanks to record fund inflows.


The specialist in alternative asset management announced that last year it generated net income, group share, of E177m, of which E105m in H2, up 144% compared with H2 2022.

The group highlights the positive effects of its internationalization, a "growth gas pedal" model that it believes paves the way for future results.

Its dividend will thus be raised to E0.75 per share, up 7% on 2022.

Tikehau has also confirmed its targets for 2026, with the additional target of achieving net income, group share, of around E500m by this date.

By 2026, its asset management business should exceed E65bn in assets under management, compared with E42.8bn at end-2023.

Over the past financial year, it says that it recorded record net inflows of E6.5bn, 37% higher than the average over 2017-2022.

Despite these results, described by analysts as "solid" and even "impressive", the stock was down 1.4% in early trading on the Paris Bourse on Wednesday.


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