Scherzer & Co - H121 NAV return above market average
Scherzer’s (PZS’s) NAV increased 28.2% to end-August 2021 in total return terms, vastly outperforming the German equity markets, where the main indices posted 15–17% gains. The H121 EPS was 48% higher year-on-year at €0.14 per share, despite a higher base as a result of the one-off gains from the conclusion of the AXA case, which was accounted for in H120. Owing to strong results, PZS reintroduced a dividend pay-out, distributing €0.05 per share (ex-div in May 2021), implying a yield of 1.6%.Scherzer & Co AG is a Germany-based investment company that invests in third companies. The Company focuses on both growth companies and companies in special situations.
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