Germany's DWS Q1 revenue rises 9%, beats analyst estimates

DWS GmbH & Co KgaA

29/04/2026 06:12

Overview

Germany asset manager's Q1 revenue grew 9% yr/yr, beating analyst expectations

Q1 net income rose 33% yr/yr to EUR 264 mln

Company achieved EUR 11 bln in net inflows, assets under management hit EUR 1,093 bln

Outlook

Company says outlook remains unchanged from that published in its 2025 annual report

Result Drivers

NET INFLOWS - Q1 net inflows of EUR 11 bln mainly driven by Passive including Xtrackers, supported by Active SQI, Active Multi Asset and Alternatives

COST REDUCTIONS - Costs fell 9% qtr/qtr due to lower general and administrative expenses and decreased compensation and benefits

FEE MIX - Management fees were stable but performance and transaction fees declined qtr/qtr due to a large Multi Asset performance fee in the prior quarter

Company press release: ID:nEQ87JwcXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 821 mln
EUR 746.40 mln (3 Analysts)
Q1 Net Income
EUR 264 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for DWS Group GmbH & Co KgaA is €62.00, about 8% above its April 28 closing price of €57.40

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)