DGAP-Adhoc: DWS Group GmbH & Co. KGaA: Fourth quarter results exceed analyst expectations
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DGAP-Ad-hoc: DWS Group GmbH & Co. KGaA / Key word(s): Preliminary Results/Quarter Results
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 [email protected]
13-Jan-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | [email protected] |
| 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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1268559 13-Jan-2022 CET/CEST
DWS Group Stock
€33.88
1.440%
Currently there is a rather positive sentiment for DWS Group with 3 Buy predictions and 1 Sell predictions.
However, we have a potential of -5.55% for DWS Group as the target price of 32 € is below the current price of 33.88 €.
