Deutsche Beteiligungs AG / Key word(s): Annual Results
Deutsche Beteiligungs AG ("DBAG"; ISIN: DE000A1TNUT7 / WKN: A1TNUT) - Sale of investment in blikk radiology group - Unexpected contribution to net asset value of Private Equity Investments and net income of 26 million euros
The value contribution from the sale was not included in the forecast for net asset value of Private Equity Investments and net income, as most recently affirmed on 12 May 2021. DBAG's most recent forecast for net asset value as at 30 September 2021 was in a range of 450 to 505 million euros, excluding the net proceeds from the capital increase; net income for the financial year 2020/2021 was projected in a range between 70 and 80 million euros.
DBAG is currently in the process of compiling its quarterly statement as at 30 June 2021, which will incorporate the unplanned value contribution from this transaction. Net asset value of Private Equity Investments as at 30 June 2021 and the results for the third quarter of the current financial year (1 April to 30 June 2021) may be subject to further positive or negative effects from the valuation of the remaining portfolio companies, as well as to other insights gained during preparation of the quarterly statement. Any comparison to the results of the same quarter of the previous financial year - which were extraordinarily high, mainly due to significant catch-up effects on capital markets, following the end of the pandemic lock-down - will be of limited informative value.
Completion of said transaction is subject to approval by antitrust authorities.
Reporting person: Roland Rapelius, Head of Investor Relations
09-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Deutsche Beteiligungs AG
60313 Frankfurt am Main
+49 69 957 87-01
+49 69 957 87-199
Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:
End of Announcement
DGAP News Service