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Catella: Strong from IM and Corporate Finance, and Responsible Prudence from Principal Investments - Redeye

Redeye states that the Q3 report was strong. Investment Management once again exceeded Redeye’s estimates for both revenue and profitability, Corporate Finance was more resilient than expected. Principal Investment had no divestments during the quarter and will await a more stabilized market before divesting its assets. Redeye will make small positive changes to its estimates for Corporate Finance and IM while postponing estimated divestments in Principal Investments to 2023. Redeye will make no or only small changes to its valuation range.

Redeye states that the Q3 report was strong. Investment Management once again exceeded Redeye’s estimates for both revenue and profitability, Corporate Finance was more resilient than expected. Principal Investment had no divestments during the quarter and will await a more stabilized market before divesting its assets. Redeye will make small positive changes to its estimates for Corporate Finance and IM while postponing estimated divestments in Principal Investments to 2023. Redeye will make no or only small changes to its valuation range.
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