Deep Dive: Meeting with Chapters' management bolsters confidence in the company's resilience to AI

In keeping with tradition, the German investment holding company Chapters Group (Frankfurt: CHG) released its preliminary annual results on the eve of its presentation at the RedEye Serial Acquirer Conference. Joep Dikken and Michael Gielkens attended the conference on behalf of Tresor Capital and spoke at length with the management of the acquisition powerhouse.

's 2025 Financial Results Chapters Group reported strong preliminary financial results for the 2025 fiscal year. The company saw pro forma revenue rise significantly to EUR 193 million. This result represents a substantial increase of 53% compared to the previous year. Excluding one-time accounting effects, organic revenue growth came in at 4.5%.

In addition, pro forma operating profit also showed a significant increase of no less than 62% to approximately EUR 49 million. This represents an extraordinary 62% growth compared to the results achieved in 2024. On an organic basis, operating profit grew by a solid 12%, while total recurring revenue for the past year amounted to EUR 93 million. This represents predictable revenue and underscores the company’s stability and robustness. During a private meeting, Jan Mohr explained that these results reflect the benefits of operational optimizations over the past few years. Furthermore, the company is now realizing significant cost savings through targeted restructuring efforts in which automation and artificial intelligence play a facilitating role.

Note: The pro forma figures include the results of the acquired companies. This is reported because these companies effectively constitute the core of the business and provide an accurate picture of the total revenue and profitability of the current portfolio.

Outlook for 2026 and the Impact of AI
For the year 2026, the management of Chapters Group has issued a highly optimistic forecast to its shareholders. Management expects organic growth to accelerate further across the entire group. Organic revenue growth is expected to be in the range of 7–9%, and recurring revenue is expected to grow even faster in volume. Strong organic growth of around 15% is expected for operating profit in the coming year.

This acceleration is partly driven by positive volume growth and by the revenue and cost synergies resulting from a major acquisition in the FinTech division last year. The merged companies, Fintiba and Expatrio, are also benefiting directly from a 20% rise in short-term interest rates, which is further boosting revenue.

Jan Mohr is clearly optimistic about the opportunities artificial intelligence (AI) offers Chapters: "When we made the decision to develop the Manuscript Method in 2023, we couldn’t have foreseen the impact it would have in the age of AI. Sharing best practices and aligning our strategic direction has been a major undertaking over the past 18 months. We are now reaping the benefits of this work, as we have established a pragmatic, fast, and trusted exchange with our platforms. This enables us to fully focus on the best opportunities to pursue an aggressive strategy with AI across the entire group. Automating processes that promote cost efficiency is a key driver behind the strong outlook for organic growth in operating profit. In addition, we are confident that we will also see tangible effects on revenue from AI initiatives in the medium term."

RedEye Serial Acquirer Conference 2026
For the second year in a row, we attended the RedEye conference, this year with a two-person team. We spoke at length with more than 12 serial acquirers at the conference and took the opportunity to meet in Stockholm with the investment holding companies Investor AB, Investment AB Latour, and Lifco (which did not attend RedEye). We expect to share more information in the coming period.

In this article, we will focus solely on Chapters Group. Jan Mohr’s presentation at the conference can be viewed via the link below: