Annual reports

CapMan's year 2022

CapMan’s result for 2022 was the strongest over the company’s operating history. What makes this even more meaningful, is that the result was made in an exceptionally difficult operating environment. This demonstrates that our strategy has focused on our strengths. The building blocks of the unlisted market remain on a steady foundation.

Highlights over the year:

  • Our turnover was €68 million and comparable operating profit was €56 million. The Board of Directors proposes 17 cents per share to be distributed as dividend and equity repayment for 2022. This would increase CapMan’s distribution to shareholders for ten consecutive years.
  • Our assets under management grew to approx. €5 billion and we raised more than €650 million in new capital. Investors coming from outside the Nordic countries now account for approx. 55 per cent of our assets under management. This share has increased significantly over the past five years from approx. 10 per cent.
  • We launched our new strategy and updated our vision. Our strategic objective is to double assets under management to €10 billion over the next five years. Our vision is to be the most sustainable private asset company in the Nordics.
  • We committed to the Science Based Targets initiative and are now establishing a roadmap to reach carbon neutrality. We increased our ESG know-how within the Group and updated and started applying several ESG policies, guides and tools to help our portfolio companies and real estate transition to more sustainable practices.
  • Over the last year, we have exited several companies. We made our largest exit based on enterprise value as our first Growth fund sold Picosun and moved into carry. Our first Nordic value-add real estate fund also started generating carried interest.

Read more in our 2022 Annual Report (pdf)!

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