Taaleri: Focus on the new flagship fund - Nordea

Q2 will likely be negatively affected by market turbulence weighing on Garantia's investment operations, given high exposure to fixed-income products. However, the underlying development most likely remained favourable for both Garantia and private asset management. Q2 earnings will be supported by Ficolo earn-outs, while the focus should be on any new information about the new flagship SolarWind III fund. Taaleri's first bioindustry fund achieved its first closing in Q2 at a targeted EUR 80m and fundraising has continued. We derive a fair value range of EUR 11.0-12.5 (11.7-13.7) per Taaleri share.

Marketing material commissioned by Taaleri.

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