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Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / German Securities ID: A1TNUT): DBAG once again raises its forecast for the 2020/2021 financial year

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Deutsche Beteiligungs AG / Key word(s): Change in Forecast
Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / German Securities ID: A1TNUT): DBAG once again raises its forecast for the 2020/2021 financial year

21-Oct-2021 / 19:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of inside information pursuant to Article 17 (1)
of Regulation (EU) 596/2014 on Market Abuse

Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / German Securities ID: A1TNUT): DBAG once again raises its forecast for the 2020/2021 financial year


Deutsche Beteiligungs AG ("DBAG") expects higher results for the financial year 2020/2021 (1 October 2020 to 30 September 2021) than most recently anticipated. The Company now expects net income for 2020/2021 to be in a range of 175 to 195 million euros; the most recently forecast range (published in July 2021) was between 125 and 145 million euros. The anticipated earnings improvement is based on significantly higher net gains and losses on measurement and disposal. Net asset value of Private Equity Investments as at 30 September 2021 is forecast in an unchanged range of 620 to 690 million euros. DBAG now anticipates earnings from Fund Investment Services in a range between 19 and 20 million euros; the previously forecast range was between 16 and 17 million euros.

The raised forecast reflects positive effects from the fair value measurement of portfolio companies as at 30 September 2021 - as well as costs in the Fund Investment Services segment, which were lower than expected. DBAG is currently preparing its financial statements as at this reporting date, and will publish them on 2 December 2021. At this point in time, the financial statements have not yet been established; results are thus preliminary.

The Board of Management
Frankfurt/Main, 21 October 2021

Reporting person: Roland Rapelius, Head of Investor Relations




Contact:
Roland Rapelius
Head of Investor Relations
E-Mail: roland.rapelius@dbag.de
Phone: +49 69 95787 365

21-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Deutsche Beteiligungs AG

Börsenstrasse 1

60313 Frankfurt am Main

Germany

Phone:

+49 69 957 87-01

Fax:

+49 69 957 87-199

E-mail:

welcome@dbag.de

Internet:

www.dbag.de

ISIN:

DE000A1TNUT7

WKN:

A1TNUT

Listed:

Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1242719


 

End of Announcement

DGAP News Service

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