Lloyd Fonds - On track to reach targeted €7.0bn AUM
Lloyd Fonds (LF) continues its business repositioning under Strategy 2023/2025 to active portfolio management, expanding its assets under management (AUM) within new core business to €1.9bn as at 26 March 2021 from €1.1bn as at end-June 2020. This exclusively organic growth was driven by a robust managed funds performance and net funds inflow. Management reiterates its guidance to reach €7.0bn in AUM by the end of 2024 and 45% EBITDA margin. Management’s target is underpinned by the H220 EBITDA margin of 44%, healthy AUM growth in Q121, and a potential revival in M&A activity, which would help accelerate the expansion.Lloyd Fonds AG is a Germany-based multi investment and asset management company. It develops, sells and manages asset investments for institutional and retail investors, and focuses on alternative real assets and investment products. The Company operates through three segments: The Shipping and Other Assets segment focuses the purchasing, structuring and selling assets in the shipping and secondary-market ship fund business and financing of assets by arranging debt and equity capital. The Real Estate segment focuses on the purchase and structuring of assets in the real estate segment. The Trusteeship segment includes, among others management of trust accounts and services for fund entity investors.
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