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Foresight Group Says H1 Trading In Line With Expectations

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Foresight Group Holdings Limited (FSG.L), a British private equity and venture capital company, said on Thursday that it expects first-half core EBITDA pre-SBP to be around 29 million pounds, in line with management expectations.

This is also in line the company's prior expectations to deliver its medium-term organic growth outlook to double core EBITDA pre-Share Based Payments or SBP over five years.

Assets under Management or AUM stood at 12.6 billion pounds, higher than 12.1 million pounds, registered for the same period last year.

Funds under Management or FUM was 8.8 billion pounds, compared with 8.4 billion pounds a year ago.

Bernard Fairman, Executive Chairman of Foresight Group, said: "We delivered another period of stability and growth in the first half of FY25, driven by effective retail fundraising and the initial close of our flagship institutional energy transition fund, FEIP II. This momentum is in line with our expectations and keeps us on track to deliver our five-year growth guidance."

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