DGAP-Adhoc Deutsche Beteiligungs AG: Gross gains and losses on measurement and derecognition for the first quarter of the 2020/2021 financial year significantly higher year-on-year

Nachrichtenquelle: EQS Group AG
15.01.2021, 18:59  |  119   |   |   

DGAP-Ad-hoc: Deutsche Beteiligungs AG / Key word(s): Quarter Results
Deutsche Beteiligungs AG: Gross gains and losses on measurement and derecognition for the first quarter of the 2020/2021 financial year significantly higher year-on-year

15-Jan-2021 / 18:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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) - Gross gains and losses on measurement and derecognition for the first quarter of the 2020/2021 financial year significantly higher year-on-year

Deutsche Beteiligungs AG ("DBAG") expects to post gross gains and losses on measurement and derecognition for the first quarter of the 2020/2021 financial year (1 October to 31 December 2020) which will be significantly higher than the result for the same quarter of the previous financial year. In line with Deutsche Beteiligungs AG's business model, net gains and losses on measurement and derecognition is a key driver of consolidated net income; hence, the respective figure for the first quarter of 2020/2021 is also expected to significantly exceed the comparable quarterly result for the previous financial year 2019/2020.

DBAG has not yet concluded the valuation of its portfolio as at 31 December 2020. Even though the interim financial statements have not yet been prepared, earnings expectations of portfolio companies for 2021 provide an indication for a clearly positive value contribution overall. Hence, DBAG anticipates gross gains and losses on measurement and derecognition in a range between 30 and 40 million euros. The respective figure for the first quarter of the previous financial year amounted to 0.1 million euros; in Q1 2019/2020, the negative value contribution from the operating performance of portfolio companies (6.4 million euros) was largely offset by positive capital markets effects.

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 2020, and will publish the corresponding quarterly statement on 10 February 2021.

The Board of Management

Frankfurt/Main, 15 January 2021

Reporting person: Thomas Franke, Head of Public Relations and Investor Relations




Contact:
Thomas Franke
Head of Public Relations/Investor Relations
E-Mail: thomas.franke@dbag.de
Phone: +49 69 95787 307

15-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1161090

 
End of Announcement DGAP News Service

1161090  15-Jan-2021 CET/CEST

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DGAP-Adhoc Deutsche Beteiligungs AG: Gross gains and losses on measurement and derecognition for the first quarter of the 2020/2021 financial year significantly higher year-on-year DGAP-Ad-hoc: Deutsche Beteiligungs AG / Key word(s): Quarter Results Deutsche Beteiligungs AG: Gross gains and losses on measurement and derecognition for the first quarter of the 2020/2021 financial year significantly higher year-on-year …

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