Deutsche Beteiligungs AG / Keyword(s): Preliminary results
Deutsche Beteiligungs AG: Preliminary net result 2021/2022 between -90 and -100 million euros
20-Oct-2022 / 18:35 CET/CEST
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Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / WKN: A1TNUT): Preliminary net result 2021/2022 between -90 and -100 millions of euros
Deutsche Beteiligungs AG (“DBAG”) generated a net result for the financial year 2021/2022 (from October 1, 2021 to September 30, 2022) below forecasts. Based on preliminary unaudited figures, the net result should be between -90 and -100 million euros. The forecast range published in July 2022 was between -70 and -85 million euros. The revalued net assets of private equity investments as of September 30, 2022 are now expected at the lower end of the most recently published range, between 570 and 630 million euros. The result of Fund Investment Services for the financial year 2021/2022 continues to be forecast in the range of 14 to 16 million euros (unchanged from the previous forecast).
The lower forecast, compared to that published in July 2022, is mainly due to two effects. First of all, a net negative contribution from the evolution of the results and the evolution of the indebtedness of the companies in the portfolio. Second, capital market multiples, which DBAG uses to value its portfolio companies, continued to decline, negatively impacting net valuation and disposal gains and losses. The positive valuation effects of the individual companies in the portfolio were not sufficient to fully offset this impact. As of the closing date of September 30, 2022, the multiples of the majority of the peer groups were below the levels observed on the previous closing date (June 30, 2022).
DBAG is currently preparing its consolidated accounts as of September 30, 2022 and will publish them on December 1, 2022. To date, the consolidated accounts have not yet been drawn up; the results presented above are therefore still preliminary.
The Management Board
Frankfurt/Main, October 20, 2022
Reporting Person: Roland Rapelius, Head of Corporate Communications and Investor Relations
Head of Corporate Communication and Investor Relations
Email: [email protected]
Phone: +49 69 95787 365
Oct 20, 2022 CET/CEST EQS distribution services include regulatory announcements, financial/corporate news and press releases.
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