$FRE (+0,94 %) Today, the company released its quarterly results for the fourth quarter and the full year 2025.
- Revenue (expected): 5.86 billion euros
- Revenue (reported): 5.9 billion euros
- EPS (expected): 0.91 euros
- EPS (reported): 0.78 euros
Operating cash flow also increased significantly.
For 2026, the company forecasts $FRE (+0,94 %) organic revenue growth of 4–7% and core EPS growth of 5–10%. These are solid but comparatively moderate targets. Analysts expressed some disappointment regarding this after the earnings release. The somewhat subdued outlook stems primarily from ongoing macroeconomic and regulatory uncertainties.
$FRE (+0,94 %) In my opinion, the company finished 2025 on a strong note. It achieved significant revenue and EPS growth. Cash flow also improved, and a higher dividend was promised. To me, these developments point to a successful turnaround. At the same time, the cautious outlook for 2026 shows that management is deliberately setting realistic, rather than overly ambitious, goals.
How do you assess the outlook for 2026? Is this a reasonable precaution on the part of management?
~ Not investment advice ~