Oekoworld (VVV3)

Business description

Oekoworld is a listed holding company for asset management, insurance brokerage and advisory services. It is one of Germany’s pioneers in SRI and ethical-ecological investment advisory, with its nucleus reaching back to 1975. It has preserved its successful core investment principles and reached AUM of €900m in February 2017.

Stock data

Market cap.€50.2m
Last close€16.99
High / Low (52 weeks)€18.3 / €11.2
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(1.6)1.151.0
Relative *(6.9)9.144.7

* % Relative to local index

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Company news

Investment summary

ÖKOWORLD (ÖWAG) reported healthy growth in H117, with sales and operating profit more than doubling year-on-year despite the lack of dividend payments from affiliated companies (€1.6m in H116). AUM continues to increase and currently stands at €970m (up 4.8% vs end-March), approaching the €1.0bn threshold that ÖWAG intends to surpass in FY17. To date, the flagship Ökovision Classic fund posted returns of 6.7% (C-shares) and 5.2% (A-shares). ÖWAG’s shares rallied 27% ytd and are now trading at a premium of 4% and 27% on P/E and EV/EBITDA for FY17e, respectively.

Last updated on 12/09/2017

Key management

Alfred Platow, CEO

Company address

Itterpark 1
40724 Hilden
Germany
+49 (0)2103 2841 0
View website