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DWS Group GmbH & Co. KGaA: Fourth quarter results exceed analyst expectations

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DWS Group GmbH & Co. KGaA / Key word(s): Preliminary Results/Quarter Results
DWS Group GmbH & Co. KGaA: Fourth quarter results exceed analyst expectations

13-Jan-2022 / 21:38 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.

Based on preliminary, unaudited figures, DWS Group's fourth quarter results will show revenues of EUR 798 million and a profit before tax of EUR 356 million. The adjusted profit before tax will be EUR 378 million1. The Cost-Income Ratio will be 55.3 percent. The adjusted Cost-Income Ratio will be 52.7 percent for the quarter. These key numbers significantly exceed the published analyst consensus.

These results are driven by higher than expected performance and transaction fees of EUR 126 million as well as by higher management fees.

The Executive Board has also - in line with the firm's communicated Phase 2 growth strategy - decided to recommend to the AGM, subject to Supervisory Board approval, a dividend for financial year 2021 of EUR 2.00 per share.

DWS Group will report its unaudited results for the fourth quarter and the full year 2021 on January 27, 2022, and its audited results as part of its Annual Report 2021 on March 11, 2022.

1For description of adjusted profit before tax and adjusted cost-income ratio see DWS Group GmbH & Co. KGaA Interim Report 2021.



Contact:
Adib Sisani
Global Head of Communications & Marketing

DWS Group GmbH & Co. KGaA
Mainzer Landstr. 11-17
60329 Frankfurt
Germany

+49 69 910 61960
adib.sisani@dws.com

13-Jan-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

DWS Group GmbH & Co. KGaA

Mainzer Landstaße 11-17

60329 Frankfurt/Main

Germany

Phone:

+49 (0) 69 910 14700

Fax:

+49 (0) 69 910 32223

E-mail:

investor.relations@dws.com

Internet:

https://group.dws.com/de/ir/

ISIN:

DE000DWS1007

WKN:

DWS100

Indices:

SDAX

Listed:

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

EQS News ID:

1268559


 

End of Announcement

DGAP News Service

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