Edison Investment Research - Okoworld AG (VVV3) Oekoworld - Expanding AUM drives record high earnings

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Edison Investment Research

Pedro Fonseca

Oekoworld - Expanding AUM drives record high earnings

ÖKOWORLD (ÖWAG) continues to expand its assets under management (AUM), reaching €3.1bn at end-April 2021 versus €1.7bn a year earlier. The increase was attributable to the robust fund performance in 2020 and 2021 ytd to end-April as well as the successful distribution of new units. Consequently, in FY20 the group reported a €26.7m and €10.6m y-o-y increase in performance and management fee, respectively. As a result, net profit in FY20 grew to €37.4m (vs €16.7m in FY19), allowing the company to declare a record-high dividend of €1.11 per non-voting preference share.

02/06/2021 5 EN

Underlying

Okoworld AG

OEKOWORLD AG, formerly Versiko AG, is a Germany-based investment consulting company and funds operator that focuses on ecological investments. The Company serves both private customers and institutional investors, banks and other financial services provider. It offers the pension insurances Oekoviola, Versirente and Veresikid, as well as the investment funds Oekoworld Oekovision Classic, Oekoworld Growing Markets 2.0, Oekoworld Oekotrust, Oekoworld Klima, Oekolworld Water For Life, Oekovision Garant 20 and New Energy Fund. The Company conducts sustainability research in order to identify potential investment possibilities and asset and fund management through OEKOWORLD LUX SA, a Luxembourg-based subsidiary.

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DE0005408686 Germany

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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Oekoworld - Expanding AUM drives record high earnings

Fondsperformance lässt AUM zum Halbjahr wachsen, Hj.-EPS bei € 1,93 (+7,4%)

Strategische Zukunftsinvestitionen angestoßen, attraktive Dividendenpolitik fortgesetzt

Kapitalmarktumfeld belastet, Konzernhalbjahresüberschuss leicht unter Vorjahr

Accsys Technologies - Upgrading guidance for the full year

Topps Tiles - Market outperformance again in FY24

Nabaltec - Resilience and margin expansion

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