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EQT disappoints investors - share plummets

One of the recent stars of the Stockholm Stock Exchange, private equity company EQT, disappointed the market with its H1 report and the share price was down 10 percent. The CEO expects markets to be challenging and shaky.

Photo: EQT/PR

Disappointing figures in the H1 report from Swedish venture capital company EQT offset a sharp decline on the Stockholm Stock Exchange on Thursday. The price of EQT shares was down more than 10 percent from the closing price yesterday after the company reported an EBITDA of EUR 80 million in the first half of the year, compared with EUR 133 million in the same period last year.

CEO Christian Sinding wrote in the report that "some portfolio companies are going through really hard trials and the uncertainty makes it difficult to plan for the future" at the same time as "raising capital takes longer and is more complicated".

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