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Osakeanalyysipalvelut, analyytikko
Analyytikko
Taaleri's Q1 was underpinned by the strong performance of Garantia, but higher-than-expected costs within renewable energy. Garantia's insurance service result was up 44% y/y, with insurance revenue up 13% y/y.
Taaleri reported Q1 EBIT of EUR 1.6m, coming 6% below Refinitiv consensus at EUR 1.7m. We note Taaleri’s adoption of IFRS 17 which consensus might not fully reflect (visible mainly in top line).
Ahead of Taaleri's Q1, due on 3 May, we maintain our underlying estimates but adjust for the IFRS 17 transition.
Taaleri's Q4 was a mixed bag with higher-than-anticipated carry, while investment operations fell short of our expectations.
Taaleri reported Q4 EBIT of EUR 7.1m, coming 24% below Refinitiv consensus at EUR 9.3m. Based on segment reporting, Q4 total income was EUR 17.3m, 2% above Nordea estimate of EUR 17.0m.
Based on segment reporting, Taaleri reported Q3 sales of EUR 26.9m and operating profit of EUR 18.5m, clearly above Refinitiv consensus.
Taaleri reported Q3 EBIT of EUR 18.5m, coming clearly below Refinitiv consensus at EUR 14.0m. Based on segment reporting, Q3 total income was EUR 26.9m, 6% above Nordea estimate of EUR 25.3m.
Taaleri announced today its new flagship fund, SolarWind III, in line with earlier communication. The fund will be classified as an Article 9 “Dark Green” fund and it targets 10% net IRR over its 10-year term.
Taaleri announced today that Bio I fund (dark green fund) has reached its second closing at over EUR 100m, which triggers additional EUR 5m investment from the Finnish Climate Fund.
Based on segment reporting, Taaleri reported Q2 sales of EUR 11.9m and operating profit of EUR 2.4m, clearly below Refinitiv consensus expectations.
