Deutsche Beteiligungs (DBAG) posted a NAV total return (TR) of 35.3% in FY21 (to end-September 2021). This return is in line with public and private equity (PE) markets and followed a weaker FY18–19 amid an industrial slowdown in Germany. Performance was driven by the revaluation of existing holdings (mostly broadband/telecom and IT/software) on the back of both earnings growth and multiples expansion. Additional uplift came from selected disposals/refinancings. Management proposed a dividend of ....
17 Dec 2021
Deutsche Beteiligungs - Targeting a 10%+ AUM and NAV CAGR to FY24
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Deutsche Beteiligungs - Targeting a 10%+ AUM and NAV CAGR to FY24
Deutsche Beteiligungs AG (DBAN:ETR) | 0 0 0.0%
- Published:
17 Dec 2021 -
Author:
Milosz Papst -
Pages:
17
Deutsche Beteiligungs (DBAG) posted a NAV total return (TR) of 35.3% in FY21 (to end-September 2021). This return is in line with public and private equity (PE) markets and followed a weaker FY18–19 amid an industrial slowdown in Germany. Performance was driven by the revaluation of existing holdings (mostly broadband/telecom and IT/software) on the back of both earnings growth and multiples expansion. Additional uplift came from selected disposals/refinancings. Management proposed a dividend of ....