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.€54.6m
Last close€12.37
High / Low (52 weeks)€12.7 / €9.8
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(1.9)12.915.8
Relative *(3)5.7(9.2)

* % Relative to local index

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Investment summary

ÖKOWORLD (ÖWAG) reported strong 2016 results. The operating business environment was challenging, mainly due to high volatility in the relevant SRI financial market segment, but the group’s net earnings were strong, boosted by €3.6m in dividend income from its holdings in subsidiaries. These more than compensated for a €2.9m decline in performance fee income. Cost cuts of €600k also contributed to a €1.6m increase in net profits to €4.6m. ÖWAG increased the dividend to 51 cents (+13%).

Last updated on 16/06/2017

Key management

Alfred Platow, CEO

Company address

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