Deutsche Beteiligungs AG Reports Robust First-Half Financial Results

Deutsche Beteiligungs AG (DBAG) has reported a strong performance in the first half of the 2023/2024 financial year, with a notable six percent increase in net asset value to 673.1 million euros. Despite macroeconomic challenges, the company completed five key transactions, including three disposals and two new investments, which significantly contributed to the asset value growth. These transactions underlined DBAG’s strong presence and expertise in the IT services and software sectors.

Furthermore, the integration of ELF Capital Group continues to progress efficiently, enhancing DBAG’s capabilities as a full-service provider catering to the comprehensive financing needs of mid-market companies. Additionally, the report highlighted a share buyback programme aiming to enable shareholders to benefit more substantially from the company's financial success. This programme allows for the acquisition of up to 800,000 shares over the next year.

EBITA for the Fund Investment Services segment approximated the forecasts at 7.1 million euros. However, earnings in the Private Markets Investments segment saw a decrease compared to the previous year's exceptionally high results, totaling 19.2 million euros before taxes. Despite this, the company has adopted new valuation factors intended to reduce the volatility of portfolio company performances and results going forward.