DWS : Strong underlying result boosted by performance fee
>Strong year-end finish - DWS reported very strong preliminary Q4 2021 results which were in line with key results released earlier. Net revenues grew by 31.8% y-o-y to € 797m driven by extraordinary high performance fees and strong underlying management fees. Reported pre-tax profit came to € 351m, up by 70.4% y-o-y (consensus € 259m). Net flows stood at € 15bn in the quarter and thus ahead of € 8.5bn consensus. The dividend proposal stands at € 2.00 per share (...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.
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