Brief: Deutsche Beteiligungs AG Updates Distribution Policy

Deutsche Beteiligungs AG

30/11/2023 07:05

Nov 30 (Reuters) - DEUTSCHE BETEILIGUNGS AG  DBANn.DE :
    * EQS-NEWS: DEUTSCHE BETEILIGUNGS AG: STRONG PERFORMANCE
DURING
THE FINANCIAL YEAR 2022/2023, POSITIVE OUTLOOK
    * NET INCOME OF AROUND 106 MILLION EUROS CONFIRMED 2022-3
    * 2022-3: NET ASSET VALUE (ADJUSTED FOR DIVIDENDS) ROSE BY
MORE
THAN 18 PER CENT
    * 2022-3: EARNINGS FROM FUND INVESTMENT SERVICES AT 14
MILLION
EUROS, AS EXPECTED
    * POSITIVE OUTLOOK: TARGETING DOUBLE-DIGIT GROWTH OF NET
ASSET
VALUE IN CURRENT FINANCIAL YEAR
    * UPDATED DISTRIBUTION POLICY: TOTAL DISTRIBUTION OF 18.8
MILLION
EUROS TRANSLATES INTO A DIVIDEND YIELD OF 3.5%
    * COMPANY FORECASTS NET ASSET VALUE FOR CURRENT FINANCIAL
YEAR IN
A RANGE BETWEEN 675 AND 790 MILLION EUROS, TAKING PROPOSED
DIVIDEND INTO ACCOUNT
    * BY END OF 2025/2026 FINANCIAL YEAR, NET ASSET VALUE IS
PROJECTED
TO AMOUNT TO BETWEEN 840 AND 980 MILLION EUROS

Source text for Eikon:  ID:nEQ7tp9mWa 
Further company coverage:  DBANn.DE 

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