Q2 out: Software multiple temporarily weigh on NAV: H1 NAV/share fell to € 33.65 (-7% ytd) on peer multiple ...

H1 NAV per share came in at € 33.65, down from € 35.29 at Q1 and € 36.37 at year-end 2025 (-5% qoq, -7% ytd), again driven entirely by lower capital markets multiples rather than a deteriorating op...