DWS : Slow start to the year
>Q1 2023 results below expectations - DWS reported Q1 2023 results below estimates with respect to revenues and bottom-line results. Adj. pre-tax profit came to € 205.6, down by 26.3% y-o-y and stood below consensus estimate of € 233.0m. The miss was driven by lower-than-expected revenues (€ 609.8m vs € 644.0m consensus) linked to management fees and performance and transaction fees. Adj. costs of € 404.2m were better than the € 411m consensus estimate but did not co...DWS Group GmbH & Co KgaA is a Germany-based company that provides integrated investment solutions. The Company offers active, passive and alternative investments across a wide range of asset classes, including Hedge Funds, Sustainable Investments, Private Equity, Liquid Real Assets, Real Estate, Equities and Fixed Income. It invests primarily in the areas of environmental, social and governance. The Company's clients include corporations, central banks, insurers, pension funds, public institutions, financial institution, not-for-profit organizations, as well as private investors. The Company is active in around 22 countries in Europe. Deutsche Bank AG is a majority shareholder of the Company.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.