DBAG's H1 2025 NAV fell to €627m, prompting a revised year-end forecast. Despite lower investment income, good Fund Services and a buyback program support a BUY rating with a PT of €39.

25 Aug 2025
Subdued exit environment weighs on NAV development

Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
Subdued exit environment weighs on NAV development
Deutsche Beteiligungs AG (DBAN:ETR) | 0 0 0.0%
- Published:
25 Aug 2025 -
Author:
Christian Sandherr -
Pages:
11 -
DBAG's H1 2025 NAV fell to €627m, prompting a revised year-end forecast. Despite lower investment income, good Fund Services and a buyback program support a BUY rating with a PT of €39.