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Investing.com -- Shares of Tikehau Capital SCA (PA:TKO) climbed 6% following the release of its full-year 2024 results, which showed net profits aligning with expectations and a stronger-than-anticipated performance in fee-related earnings (FRE) and asset management EBIT.
The company’s management fees exceeded forecasts by 2%, attributed to an increase in assets under management (AUM) and despite a slight compression in fee margin due to mix effects.
The full-year report highlighted a steady FRE margin of 33.4%, with the core at 39.2%. Additionally, Tikehau Capital announced a dividend per share of €0.80, surpassing the consensus estimate of €0.68. Looking ahead, the company plans to focus more on tailored investment vehicles, such as mandates, co-investments, and evergreen funds, starting from 2025.
Tikehau Capital’s forward-looking statements confirm their 2026 financial targets, which include growing AUM to more than €65 billion, exceeding the Visible Alpha consensus (VA cons) of €62 billion. The firm also aims to generate over €250 million in FRE, outpacing the VA consensus of €188 million, and to achieve €500 million in net income, again ahead of the VA consensus of €453 million.
The company notes that these targets are contingent on the economic and geopolitical environment.
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