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DWS sets ambitious goals for 2025
The Deutsche Bank subsidiary DWS optimistically confirms its financial targets for 2025 despite a decline in share prices - insights into the quarterly figures and forecasts. Finance, stocks, Deutsche Bank.
DWS sets ambitious goals for 2025
The Deutsche Bank fund subsidiary DWS had a promising start to the current year and is optimistic about the future. Stefan Hoops, the company's boss, explained when presenting the figures for the first quarter that the goal for 2025 is to increase earnings per share to 4.50 euros, which is significantly higher than the previous year. This would mean a surplus of 900 million euros, based on a share count of 200 million. Compared to the same quarter last year, profit rose by five percent to 146 million euros, while profit before taxes rose by twelve percent to 231 million euros. Income increased by five percent to 653 million euros.
The net inflows of 7.9 billion euros for long-term assets under management were particularly positive. Assets under management reached a record 941 billion euros in the first quarter, an increase of twelve percent compared to the end of March 2023. The majority of the assets under management were accounted for by long-term business. Despite a 3.76 percent decline in DWS shares to EUR 39.46 due to profit-taking, the Deutsche Bank subsidiary was able to point to positive developments in the current year and expected to be able to slightly increase assets under management and earnings per share.
Analysts noted that the asset manager's pre-tax profit missed expectations by 2 percent, mainly due to less profitable fees and higher costs. Despite this, inflows exceeded expectations, with increased inflows into passively managed funds. DWS reiterated its goal of achieving its financial targets for 2025 and is relying on increasing revenues, cost efficiency and the elimination of one-off costs to achieve the targeted profit level.