Deutsche Rohstoff AG: Final FY23 released, attractive shareholder renumeration

Deutsche Rohstoff's published final figures for FY23, in line with the preliminary report. The company also converted German GAAP to pro forma IFRS, which reveals a clear enhancement across key performance indicators, including a 6% rise in revenues, 5% in EBITDA, and 10% in net income, primarily attributed to fair value accounting adjustments. Moreover, the company's proposed shareholder remuneration strategy, featuring a 35% dividend increase, a sizable share buyback program, and the cash settlement of share options, underscores a commitment to rewarding investors while balancing future growth prospects. With the introduction of a promising forecast for 2025, Deutsche Rohstoff remains an enticing investment opportunity, especially considering its substantial discount to peers on both reported and even more so on reconciled metrics. mwb research’s analysts reiterate to BUY with PT EUR 56.70.

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Die Deutsche Rohstoff Aktie wird zum Zeitpunkt der Veröffentlichung der Nachricht mit einem Minus von -1,37 % und einem Kurs von 43,30EUR auf Tradegate (24. April 2024, 12:11 Uhr) gehandelt.