Brief: DWS Group GmbH & KGaA - FY Adjusted Revenues Up 6% To New Record At EUR 2.74 Billion

DWS GmbH & Co KgaA

30/01/2025 05:59

Jan 30 (Reuters) - DWS GROUP GMBH & CO KGAA  DWSG.DE :
    * FY ADJUSTED REVENUES UP 6% TO NEW RECORD AT EUR 2.74
BILLION
    * FY ADJUSTED PROFIT BEFORE TAX UP AT EUR 1.03 BILLION
    * FY PROFIT BEFORE TAX UP 23% AT EUR 957 MILLION
    * FY NET INCOME UP BY 19% AT EUR 655 MILLION
    * PROPOSES AN INCREASED ORDINARY DIVIDEND OF EUR 2.20 PER
SHARE
FOR 2024
    * OUTLOOK 2025: REITERATES ITS TARGETS OF EUR 4.50 EPS,
ADJUSTED
COST-INCOME RATIO OF BELOW 59% AND DIVIDEND PAY-OUT RATIO OF
ABOUT 65%
    * OUTLOOK 2025: REPORTED REVENUES ARE EXPECTED TO BE HIGHER
VERSUS
2024
    * NEW MEDIUM-TERM TARGETS: EPS GROWTH OF 10% PER YEAR IN
2026 AND
2027 AND A DIVIDEND PAY-OUT RATIO OFABOUT 65%
    * NEW MEDIUM-TERM TARGETS: DIVIDEND PAY-OUT RATIO OF ABOUT
65%
    * EXPECTS MANAGEMENT FEES UP AT EUR 150 BILLION LONG-TERM
NET
FLOWS FROM 2025 TO 2027 DRIVEN BYGROWTH AREAS IN XTRACKERS AND
ALTERNATIVES
    * REPORTED COST-INCOME RATIO IS EXPECTED TO IMPROVE FURTHER
UNTIL
2027

Further company coverage:  DWSG.DE 

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