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Based on segment reporting, Taaleri reported Q2 sales of EUR 11.9m and operating profit of EUR 2.4m, clearly below Refinitiv consensus expectations. Fair value changes burdened income and earnings, while the EUR 6.7m earn-out from Finsilva supported development. The underlying private asset management operations developed largely in line with our expectations, while Garantia's combined ratio remained strong. SolarWind III will launch in H2 and we expect first closing in H1 2023. We derive a fair value range of EUR 11.1-12.5 (11.0-12.5) per Taaleri share. Marketing material commissioned by Taaleri.

Source: Finwire News.

Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.

Taaleri has EUR 2.5 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.