DEUTSCHE BETEILIGUNGS AG (FRA:DBA) Deutsche Beteiligungs AG: Net income for the first quarter of the 2021/2022 financial year significantly lower year-on-year
Transparency directive : regulatory news
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DGAP-Ad-hoc: Deutsche Beteiligungs AG / Key word(s): Quarter Results Publication of inside information pursuant to Article 17 (1) of Regulation (EU) 596/2014 on Market Abuse Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / German Securities ID: A1TNUT) - Net income for the first quarter of the 2021/2022 financial year significantly lower year-on-year Deutsche Beteiligungs AG ("DBAG") expects to post net income for the first quarter of the 2021/2022 financial year (1 October to 31 December 2021) in a range between -7 and -9 million euros, compared to 24.9 million euros for the first quarter of the financial year 2020/2021. The key driver for the decline in net income - compared to the same quarter of the previous year - was the valuation of DBAG's portfolio. Gross gains and losses on measurement and derecognition as at 31 December 2021 were negatively impacted by a change in capital market multiples of peer-group companies. Once again, DBAG would like to point out that the results of a single quarter are no indication for the results of the financial year as a whole; this also applies when comparing a single quarter with the same quarter of the previous financial year. Results of individual periods may differ strongly, even in the case of consecutive periods. DBAG is currently in the process of preparing its interim financial statements as at 31 December 2021, and will publish the corresponding quarterly statement on 10 February 2022. The Board of Management Frankfurt/Main, 27 January 2022 Reporting person: Roland Rapelius, Head of Investor Relations Contact: Roland Rapelius Head of Investor Relations E-Mail: roland.rapelius@dbag.de Phone: +49 69 95787 365
27-Jan-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Deutsche Beteiligungs AG |
| Börsenstrasse 1 | |
| 60313 Frankfurt am Main | |
| Germany | |
| Phone: | +49 69 957 87-01 |
| Fax: | +49 69 957 87-199 |
| E-mail: | welcome@dbag.de |
| Internet: | www.dbag.de |
| ISIN: | DE000A1TNUT7 |
| WKN: | A1TNUT |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1273892 |
| End of Announcement | DGAP News Service |
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1273892 27-Jan-2022 CET/CEST