16.04.2018
Deutsche Beteiligungs AG DE000A1TNUT7
DGAP-Adhoc: Deutsche Beteiligungs AG: Capital market development affects consolidated net income of Deutsche Beteiligungs AG - Lower forecast for financial year 2017/2018
DGAP-Ad-hoc: Deutsche Beteiligungs AG / Key word(s): Change in
Forecast/Final Results
Deutsche Beteiligungs AG: Capital market development affects consolidated
net income of Deutsche Beteiligungs AG - Lower forecast for financial year
2017/2018
16-Apr-2018 / 21:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Disclosure of inside information in accordance with Article 17 para. 1 of
Regulation (EU) 596/2014 on market abuse
Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / WKN: A1TNUT) - Capital market
development affects consolidated net income of Deutsche Beteiligungs AG -
Lower forecast for financial year 2017/2018
Deutsche Beteiligungs AG (DBAG) is expected to achieve a consolidated net
income in the 2017/2018 financial year that is moderately, i.e. between ten
and twenty percent, below EUR 43.0 million, the reference point for this
forecast. So far, the Board of Management expected to achieve a consolidated
net income in 2017/2018, which is significantly above the reference point,
i.e. by more than 20 percent. The main reason for the change is the negative
capital market development, which has led to lower valuation multiples.
In line with the business model, the reference point for forecasting
consolidated net income and other key financial performance indicators is
the long-term average of the consolidated net income and other performance
indicators. The forecast is therefore not based on the actual figures of the
previous financial year 2016/2017, but on the average of the past five
financial years.
Deutsche Beteiligungs AG determines the fair value of its investments in
accordance with IFRS at each quarterly reporting date. Changes compared to
the previous reporting date are included as positive or negative earnings
contributions in the net result of investment activity, which largely
determines the consolidated net income.
DBAG is currently preparing the interim financial statements as of 31 March
2018. It turns out that changes on the capital market in the form of lower
valuation multiples have materially impacted the net result of investment
activity of the first half of the year. In addition, measures for the
strategic and operational improvement in individual companies in the
relatively young portfolio have not yet had the planned effects on earnings
in the current financial year. This results in a smaller deviation compared
to the first-mentioned effect for the investment result compared to the
original forecast.
DBAG is expected to close the first half of 2017/2018 with a net result of
investment activity of around 21 million euros, which will make a
significant contribution to the consolidated net income of around 20 million
euros. The half-yearly financial report will be published on May 8, 2018.
Because changes on the capital market can not be planned, DBAG basically
assumes constant valuation ratios in its forecast. Therefore, the now
revised forecast is subject to the proviso that capital market conditions on
September 30 do not differ significantly from those on the current reporting
date.
The Board of Management
Frankfurt am Main, 16 April 2018
Issued by: Thomas Franke, Head of Public Relations and Investor Relations
Contact:
Thomas Franke
Head of Public Relations/Investor Relations
E-Mail: [email protected]
Phone: +49 69 95787 307
---------------------------------------------------------------------------
16-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Deutsche Beteiligungs AG
Börsenstrasse 1
60313 Frankfurt am Main
Germany
Phone: +49 69 957 87-01
Fax: +49 69 957 87-199
E-mail: [email protected]
Internet: www.dbag.de
ISIN: DE000A1TNUT7
WKN: A1TNUT
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
---------------------------------------------------------------------------
675121 16-Apr-2018 CET/CEST
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Deutsche Beteiligungs AG ISIN: DE000A1TNUT7 können Sie bei EQS abrufen
Beteiligungen , A1TNUT , DBAN , XETR:DBAN