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Funds News

BRIEF-Partners Group H1 Profit Decreased By 21% To CHF 313 Mln

Sept 8 (Reuters) - PARTNERS GROUP HOLDING AG:

* H1 REVENUES DECREASED BY 9% TO CHF 623 MILLION (H1 2019: CHF 682 MILLION)

* H1 PROFIT DECREASED BY 21% TO CHF 313 MILLION (H1 2019: CHF 397 MILLION)

* H1 EBIT DECREASED BY 10% TO CHF 390 MILLION (H1 2019 CHF 432 MILLION)

* PARTNERS GROUP CONFIRMS ANTICIPATED GROSS CLIENT DEMAND OF USD 12-15 BILLION FOR FULL-YEAR 2020

* FULL-YEAR ESTIMATES FOR TAIL-DOWN EFFECTS FROM MORE MATURE INVESTMENT PROGRAMS AND POTENTIAL REDEMPTIONS FROM EVERGREEN PROGRAMS AMOUNT TO USD -7.5 TO -9.0 BILLION

* FIRM ESTIMATES THAT PERFORMANCE FEES WILL AMOUNT TO 5-15% AS A PROPORTION OF TOTAL REVENUES FOR FULL-YEAR 2020

* MANAGEMENT FEES ARE EXPECTED TO CONTINUE TO BE MAIN SOURCE OF REVENUE FOR PARTNERS GROUP, CONSTITUTING AN EXPECTED SHARE OF AROUND 70-80% OF TOTAL REVENUES IN MID TO LONG TERM

* CONTINUES TO MANAGE ITS OPERATING MARGIN TOWARDS A TARGET EBIT MARGIN OF ABOUT 60% FOR NEWLY GENERATED MANAGEMENT FEES (ASSUMING STABLE FOREIGN EXCHANGE RATES), AS WELL AS FOR PERFORMANCE FEES Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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