Patrizia SE (PAT.F), a German investment manager, reported that its net profit for the first quarter of 2025 climbed to 5.1 million euros from 2.1 million euros in the prior year.
EBITDA for the quarter increased to 16.8 million euros from last year's 15.1 million euros, driven by tight cost control leading to increased efficiency and higher earnings quality.
Total service fee income for the quarter declined to 68.2 million euros from the prior year's 72.5 million euros, mainly due to lower performance fees.
Assets under management saw a slight year-to-date decrease of 0.5 percent to 56.1 billion euros, compared to 56.4 billion euros at the end of 2024 and 56.7 billion euros at the end of March 2024.
The company said its 2025 Annual General Meeting will be held virtually on 4 June 2025. The Board of Directors is proposing a dividend per share of 0.35 euros for fiscal year 2024, equivalent to a growth of 2.9% year-over-year and the seventh consecutive increase in dividends. PATRIZIA shares are expected to trade ex-dividend on 5 June 2025 and the dividend is expected to be paid on 9 June 2025.
The company confirmed its financial guidance for fiscal year 2025 with AUM in a range between 58.0 billion euros - 62.0 billion euros and an EBITDA of between 40.0 million euros - 60.0 million euros, equivalent to an EBITDA margin of between 15.2 - 20.8%. The guidance assumes that client investment activity further builds momentum in fiscal year 2025.
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