UNQUOTE

GERMANY - DBAG reports favourable results

  • Guy
  • LinkedIn  
  • Google plus  

Deutsche Beteiligungs AG continued the strong performance recorded last year, posting a sizeable first quarter profit. In the first three months of the new 2005/2006 financial year (31 October), this private equity company achieved a consolidated profit of EUR 8.2m. First-quarter gains led to a rise in the net asset value (NAV) per share of EUR 0.49 to EUR 15.13; this represents an improvement of 3.3% in three months.

Acooring to the company, the profit for the quarter did not reach the level achieved for the comparable period the previous year, which had amounted to EUR 19.6m and constituted nearly half of the total profit generated for the complete financial year. Such changes in the results of relatively short periods are not indicative of any fundamental change in the business position; they are in the nature of the private equity business.

Deutsche Beteiligungs AG utilised the favourable environment for disinvestments currently prevailing in the market and, in December 2005, signed a contract on the sale of its interests in Otto Sauer Achsenfabrik GmbH. Similar to preceding realisations, the purchase price agreed in the contract exceeds the investment's most recent valuation.

  • LinkedIn  
  • Google plus  

More on DACH

Latest News