Taaleri

Ahead of Taaleri's Q3 2026 results on 28 October, we make minor negative estimate changes. For the current year, our estimates changes mainly reflect exit-related costs within Private Asset Management, while our 2028 estimate changes reflect long-term...

The most valuable assets under management is wealth tied up in high-quality, scalable products that generate good fees.

The early-year performance of asset managers was moderate, and earnings growth should accelerate clearly in the second half of the year, driven by a strong market.

Taaleri's Q2 results were largely in line with our expectations on group key figures, although we note that there were pronounced deviations on the segment level, especially in Garantia and Investments. Continuing earnings (EUR 9.8m) came in slightly...