The Deutsche Bank subsidiary is forecasting rising profits after its first-half figures. The goal is to be achieved in several ways.
Deutsche Bank’s fund subsidiary DWS is raising its targets for the current year after a good first half of the year. The result gives reason to be confident about raising the forecast for the year as a whole, said company boss Stefan Hoops on Wednesday in Frankfurt. “This year is an important step forward for DWS in achieving the ambitious financial targets we have set for 2025.”
The top goal for the coming year is to increase earnings per share. This is to climb to 4.50 euros. Based on the number of shares (200 million), this would be a surplus of 900 million euros. Last year, profit was just over 550 million euros. The goal is to be achieved through increasing earnings, eliminating one-off costs and improving efficiency.
Revenues – i.e. total income – increased to 1.33 billion euros in the first half of the year, adjusted for special effects, four percent more than in the previous year. Earnings before taxes, adjusted for special effects, rose by three percent year-on-year to 480 million euros. The result was therefore slightly worse than experts had expected.
Source: Stern
