• Deutsche Beteiligungs updated FY 2026 NAV per share guidance to EUR 32-36 from EUR 36-40, with NAV per share at EUR 33.65 on June 30.
• FY 2026 EBITA from Fund Investment Services forecast raised to EUR 9-11 million from EUR 5-9 million, with H1 at EUR 6.8 million.
• Guidance revision followed a H1 net loss of EUR 34 million; NAV fell to EUR 580.2 million from EUR 639.7 million at Dec. 31.
• Management attributed the NAV decline mainly to peer group multiple contraction, despite positive trading at individual portfolio companies.

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