06.08.2021 Deutsche Beteiligungs AG  DE000A1TNUT7

DGAP-News: Deutsche Beteiligungs AG: Strong value appreciation thanks to successful disposals and good performance of portfolio companies


DGAP-News: Deutsche Beteiligungs AG / Key word(s): Quarterly / Interim Statement/9 Month figures
Deutsche Beteiligungs AG: Strong value appreciation thanks to successful disposals and good performance of portfolio companies

06.08.2021 / 08:40
The issuer is solely responsible for the content of this announcement.

Deutsche Beteiligungs AG: Strong value appreciation thanks to successful disposals and good performance of portfolio companies
  • Net asset value per share of Private Equity Investments rises by more than 20 per cent after three quarters
  • Earnings from Fund Investment Services of 13.9 million euros more than doubled year-on-year
  • Recently raised full-year forecast reaffirmed
  • Capital increase secures planned growth
Frankfurt/Main, 6 August 2021. The net asset value of Deutsche Beteiligungs AG's Private Equity Investments amounted to 622.7 million euros at the end of the third quarter 2020/2021 (30 June) - up 157.9 million euros on the previous quarter. 100.2 million euros of the increase are attributable to the capital increase successfully concluded in May. The remaining 57.7 million euros reflect value contributions from successful disposals, the predominantly good performance of portfolio companies, and positive capital market developments. Taking the dividends distributed in February and the capital increase into account, the 200.7 million euros increase in net asset value of Private Equity Investments over the nine-month period translates into an increase of this indicator - measured per share - by 20.3 per cent.

The Fund Investment Services segment has generated 13.9 million euros in earnings since the beginning of the financial year (earnings before taxes; 9m 2019/2020: 6.6 million euros). Earnings before taxes in the Private Equity Investments segment amounted to 118.0 million euros for the first nine months of the financial year (9m 2019/2020: -31.2 million euros). Given that net gains and losses on measurement and disposal were once again clearly positive, as reported in advance, DBAG posted net income of 131.2 million euros for the first three quarters of the 2020/2021 financial year (9m 2019/2020: -24.6 million euros). Against this good performance background, on 22 July 2021 the Board of Management raised the forecast for the current financial year once again, for all key performance indicators of the two segments.

"This is driven by a positive trend benefiting the majority of the 32 companies in our portfolio", Susanne Zeidler, Chief Financial Officer of DBAG, told analysts today. According to the quarterly statement, the positive development was not limited to DBAG's investments in broadband telecommunications, and IT services/software; manufacturing businesses and related service providers in the portfolio also developed favourably overall, Supply bottlenecks for primary products as well as rising raw material prices and freight rates slowed development in isolated cases, the report states.

According to the forecast for the financial year 2020/2021 (ending on 30 September), which was reaffirmed today, DBAG anticipates net income in a range between 125 and 145 million euros (2019/2020: -16.8 million euros); the previously forecast range was between 70 and 80 million euros. The anticipated earnings improvement is based on significantly higher net income from investment activity, which is now forecast in a range of 125 to 140 million euros, up from the previously forecast range of 65 to 75 million euros. Accordingly, net asset value of Private Equity Investments as at 30 September 2021 is forecast in a range of 620 to 690 million euros. The previous forecast had specified a range between 450 and 505 million euros (excluding net proceeds from the capital increase of 100.2 million, as stated above). Earnings from Fund Investment Services are now anticipated in a range of 16 to 17 million euros, up from 15 to 16 million euros previously.

DBAG remains confident beyond the current financial year, and has undertaken an extensive investment programme: the Company plans to invest an average of 120 million euros per annum during the current and two subsequent financial years. This equates to an increase of around 40 per cent compared to the previous three financial years. "In this way, we will significantly broaden the foundation for value increases, to the benefit of our shareholders", CFO Zeidler said, adding: "Financing this planned growth is secured through additional funds raised through the capital increase, proceeds from the most recent disposals, and extended credit lines."

Thomas Franke
Head of Corporate Communiations
E-Mail: [email protected]
Phone: +49 69 95787 307

06.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Deutsche Beteiligungs AG
Börsenstrasse 1
60313 Frankfurt am Main
Phone: +49 69 957 87-01
Fax: +49 69 957 87-199
E-mail: [email protected]
Internet: www.dbag.de
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1224559

End of News DGAP News Service

1224559  06.08.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 77,77 112,88 59,95 76,60 12,44 220,46 0,00
EBITDA1,2 50,52 58,72 50,53 88,02 -13,92 10,58 0,00
EBITDA-Marge3 64,96 52,02 84,29 114,91 -111,90 4,80 0,00
EBIT1,4 50,52 82,40 30,09 44,91 -15,33 186,44 0,00
EBIT-Marge5 64,96 73,00 50,19 58,63 -123,23 84,57 0,00
Jahresüberschuss1 49,32 81,96 29,69 45,86 -16,76 185,13 68,00
Netto-Marge6 63,42 72,61 49,52 59,87 -134,73 83,97 0,00
Cashflow1,7 -0,64 -0,46 9,86 -12,30 -6,70 -7,64 0,00
Ergebnis je Aktie8 3,60 6,01 1,97 3,05 -1,11 10,76 3,55
Dividende8 1,20 1,40 1,45 1,50 0,80 1,60 1,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

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Deutsche Beteiligungs AG
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1TNUT 38,800 Kaufen 729,63
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,02 10,23 0,88 10,61
1,09 - 3,31 66,71
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,80 1,60 4,12 17.02.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
10.02.2022 12.05.2022 11.08.2022 02.12.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,97% 5,18% -2,63% 8,84%
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