Foresight Group Holdings Ltd - London-based infrastructure and private equity investment manager - Boasts an ‘exceptional’ increase in assets and funds under management in its year ended on March 31. At March 31, assets under management are up 37% to £12.2 billion from £8.8 billion the year before, while funds under management are up 34% to £9.0 billion. Expects annual revenue to be up ‘significantly’, and exceed the market consensus, which it cites as £116.6 million, as of January 16. Adds that infrastructure division AuM increases by 50% to £9.5 billion in financial 2023, up from £6.3 billion the year before.
Executive Chair Bernard Fairman says: ‘This was an outstanding year for the group, with our diversified and resilient business model achieving exceptional results against a challenging market backdrop... The outlook for the group remains very positive, being ideally positioned to capture the long-term structural growth trends in our key markets.’
It will release its annual results on July 4.
Current stock price: 410.68 pence each, up 7.8% on Thursday morning in London
12-month change: up 1.9%
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