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Forecasts surpassed – Partners Group increases profits by nearly half | News

Tuesday, September 12th, 2017 | Economy

Earnings thus rose by 25 percent to CHF 565 million. Operating profit (EBITDA) increased by 37 per cent to 374 million, which corresponds to a margin of 66 per cent after 60 per cent in the first half of 2016. On balance, Reingewinn rose by 42 per cent to 359 million
Strong growth was recorded in the first half of the year – thanks to sound customer demand as well as successful investment activities and divestments, the private asset management specialist on Tuesday reported. The revenues from management fees rose sustainably, while the development of performance fees was "solid" according to company data.
Key figures have far outperformed market expectations: analysts surveyed by AWP expected earnings of CHF 500 million on average. EBITDA was estimated at 306 million and net profit at 282 million CHF.
As announced in July, the Company managed Assets under Management (AUM) assets of EUR 57.8 billion at the end of 2016, compared to EUR 54.2 billion at the end of June 2017. In the first six months, the new customer surveys reached 6, EUR 9 billion compared to EUR 4.6 billion in the previous year. A total of USD 5.6 billion has been invested for customers, up from EUR 4.9 billion
In view of the solid demand for programs and mandates and a steady increase in investment capacity, the outlook is confirmed. For the full year 2017, Partners Group expects new capital commitments in a range of EUR 10 to 12 billion. It was only in July that the guidance was adjusted (from EUR 8 to 10 billion before). The range for tail-down effects from more mature programs as well as possible capital outflows from liquid and semi-liquid programs also remains between -3 and -4 billion EUR.


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