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Deutsche Beteiligungs (DBAN)

Business description

Deutsche Beteiligungs is a German-based listed private equity company focused on mid-sized companies in Germany and neighbouring German-speaking countries.

Stock data

Market cap.€522m
Last close€34.70
High / Low (52 weeks)€52.2 / €33.5
Stock market listingGR
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

Deutsche Beteiligungs (DBAG) reported €19.3m net income for the first half of FY18, with a 4.5% dividend-adjusted NAV return. NAV per share declined slightly to €29.43 at end-March 2018, after payment of the €1.40 FY17 dividend. Management has lowered earnings guidance for FY18 due to a decline in market valuation multiples that also weighed on returns in the first half, while the underlying progress of portfolio companies remains broadly on track. The recent sharp decline in the share price premium to NAV to 19.6% suggests the market may now be applying an underlying discount to the NAV of the private equity investment portfolio.

Last updated on 25/05/2018

Key management

Susanne Zeidler, CFO
Wilken von Hodenberg, Spokesman of the board of management

Company address

Börsenstraße 1
Frankfurt
60313
Germany
+49 69 95787-01
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