Edison Investment Research - Okoworld AG (VVV3) Oekoworld - Healthy performance fee and dividend income

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Edison Investment Research

Pedro Fonseca

Oekoworld - Healthy performance fee and dividend income

Following muted results in FY18, Ã–KOWORLD (Ã–WAG) reported significant top- and bottom-line expansion in FY19, driven by a â‚¬2.8m improvement in performance fee income. As total assets under management (AUM) reached â‚¬1.65bn at end 2019 (up more than â‚¬554m vs 2018), the resulting management fee improved by a further â‚¬2.1m (up 21% y-o-y). Given the equity market collapse in early 2020, the performance fee this year could fall short of the 2019 level. However, this could be at least partially offset by management fees being supported by higher AUM, as Ã–WAG was able to expand these further during the slowdown, to â‚¬1.68bn at end April.

29/05/2020 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 - Healthy performance fee and dividend income

Kapitalmarktumfeld belastet, Konzernhalbjahresüberschuss leicht unter Vorjahr

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Datatec - FY24 underlying EPS more than doubles y-o-y

Pan American Silver - La Arena divestment

SenSen Networks - Time to scale

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