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DWS Group GmbH & Co KgaA (DWSG.DE)

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Latest Key Developments (Source: Significant Developments)

DWS Would Seize Takeover Opportunities, But They Need To Pay Off - CEO
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - DWS CEO::IF THERE ARE TAKEOVER OPPORTUNITIES WE WILL CEASE THEM BUT THEY MUST PAY OFF.  Full Article

DWS Q3 Net Income Up At EUR 116 Mln
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - DWS GROUP GMBH & CO KGAA ::THIRD CONSECUTIVE QUARTER OF NET NEW ASSETS MARKS FLOW TURNAROUND - COST-INCOME RATIO WELL ON TRACK FOR FULL-YEAR TARGET.ADJUSTED PROFIT BEFORE TAX AT EUR 170M IN Q3 2019 (Q2: EUR 185M); EUR 508M AFTER 9M 2019, UP 9 PERCENT Y-O-Y.Q3 TOTAL REVENUES AT EUR 560M (Q2: EUR 608M), LOWER Q-O-Q DUE TO ABSENCE OF NON-RECURRING EFFECT RECORDED IN Q2.NET INCOME OF EUR 116 MILLION FOR Q3 (Q2 2019: EUR 112 MILLION).Q3 AUM FURTHER INCREASED BY EUR 33BN TO EUR 752BN (Q2: EUR 719BN; Q4 2018: EUR 662BN).WE CONFIRM OUR TARGET FOR ADJUSTED COST-INCOME RATIO FOR FULL YEAR 2019 OF APPROXIMATELY 70 PERCENT.SEES FY 2019 STABLE REVENUES COMPARED TO 2018.  Full Article

DWS Q2 Adjusted Profit Before Tax Up At 185 Million Euros
Wednesday, 24 Jul 2019 

July 24 (Reuters) - DWS GROUP GMBH & CO KGAA ::Q2: CONTINUED POSITIVE FLOW MOMENTUM - COST-INCOME RATIO ON TRACK FOR FULL-YEAR TARGET.ADJUSTED PROFIT BEFORE TAX 21 PERCENT HIGHER AT EUR 185M IN Q2 2019 (Q1 2019: EUR 153M; Q2 2018: EUR 149M).CONTINUED NET INFLOWS, RESULTING IN EUR 6.7BN NET NEW ASSETS IN FIRST HALF OF 2019, EUR 4.2BN IN Q2, AND EX CASH EUR 8.0BN IN H1, EUR 0.6BN IN Q2.ADJUSTED COST-INCOME RATIO (CIR) ON TRACK AT 69.5 PERCENT IN Q2, BELOW FY 2019 TARGET (Q1 2019: 71.4 PERCENT).TOTAL REVENUES INCREASED BY 14 PERCENT TO EUR 608M (Q1 2019: EUR 534M).ADJUSTED COSTS AT EUR 423M, UP BY EUR 41M QUARTER-ON-QUARTER DUE TO MIX OF ONE-OFF EFFECTS, EUR 804M IN H1 2019, DOWN 5 PERCENT YEAR-ON-YEAR.AUM FURTHER INCREASED BY EUR 15BN TO EUR 719BN (Q1 2019: EUR 704BN; Q4 2018: EUR 662BN).SUSTAINED MOMENTUM WE HAVE SEEN IN FIRST HALF IN SOLIDIFIED NET FLOWS SUPPORT OUR AMBITION TO OUTPERFORM ASSET MANAGEMENT INDUSTRY FLOWS IN 2019.ON TRACK TO ACHIEVE GROSS COST SAVINGS OF EUR 150 MILLION ALREADY THIS YEAR.CONFIRM OUR TARGET FOR ADJUSTED COST-INCOME RATIO FOR FULL YEAR 2019 OF APPROXIMATELY 70 PERCENT, ASSUMING STABLE REVENUES COMPARED TO 2018.  Full Article

DWS Group Q1 Net Income At EUR 102 Mln
Friday, 26 Apr 2019 

April 26 (Reuters) - DWS Group GmbH & Co KgaA ::TOTAL REVENUES DECREASED TO EUR 534 MILLION IN Q1 OF 2019 (Q4 2018: EUR 549 MILLION).Q1 ADJUSTED PROFIT BEFORE TAX THEREFORE DECREASED TO EUR 153 MILLION, (Q4 2018: EUR 160 MILLION).Q1 NET INCOME OF EUR 102 MILLION FOR Q1 (Q4 2018: EUR 80 MILLION).ASSETS UNDER MANAGEMENT (AUM) INCREASED TO EUR 704 BILLION IN Q1 OF 2019 (Q4 2018: EUR 662 BILLION.TARGETING AN ADJUSTED COST-INCOME RATIO FOR FULL YEAR 2019 OF APPROXIMATELY 70 PERCENT, ASSUMING FLAT REVENUES COMPARED TO 2018.APART FROM THAT, OUTLOOK FOR 2019 REMAINS UNCHANGED FROM ONE PUBLISHED IN OUR 2018 ANNUAL REPORT.  Full Article

DWS Group Q2 Adjusted Profit Before Tax At EUR 149 Mln
Wednesday, 25 Jul 2018 

July 25 (Reuters) - DWS GROUP GMBH & CO KGAA ::Q2 2018 DELIVERED STABLE PERFORMANCE IN PROFIT, MARGIN, CIR AND AUM - DESPITE CHALLENGING FLOW ENVIRONMENT.TOTAL ADJUSTED REVENUES IN Q2 2018 WERE EUR 576 MILLION, 3 PERCENT HIGHER THAN IN Q1 2018.Q2 ADJUSTED PROFIT BEFORE TAX WAS EUR 149 MILLION, UP 7 PERCENT QUARTER-ON-QUARTER (EUR 140 MILLION).AUM INCREASED BY A TOTAL OF EUR 22 BILLION VERSUS LAST QUARTER, ADDING UP TO EUR 687 BILLION IN Q2 2018.CONTINUES TO EXPECT REVENUES TO BE LOWER FOR FY 2018 THAN FY 2017.OUTLOOK 2018: MANAGEMENT FEES ARE EXPECTED TO BE SLIGHTLY LOWER COMPARED TO 2017.Q2 NET FLOWS OF EUR (4.9)BN; MANAGEMENT FEE MARGIN AT 30.7BPS, IN LINE WITH MEDIUM-TERM TARGET.BELIEVES ABILITY FOR DWS GROUP TO COMPENSATE FOR OUTFLOWS OF FIRST HALF OF 2018 WILL NOT BE POSSIBLE.THEREFORE UNLIKELY IT ACHIEVES ANNUAL NET FLOW TARGET FOR THIS YEAR.REMAINS COMMITTED TO 3 TO 5 PERCENT NET FLOW TARGET IN MEDIUM-TERM.  Full Article

DWS To Transfer Fund Administration To BNP Paribas Securities Services
Thursday, 28 Jun 2018 

June 28 (Reuters) - DWS Group ::SAYS TRANSFERS FUND ADMINISTRATION UNIT TO BNP PARIBAS SECURITIES SERVICES.SAYS TRANSFER OF FUND ADMINISTRATION TO BNP PARIBAS SECURITIES SERVICES TO BE COMPLETED END OF THIS YEAR.SAYS DEPOSITARY, CUSTODY SERVICES FOR RETAIL FUNDS TO FOLLOW IN 2019.  Full Article

Q&A-DWS likes Brazil stocks, backs Chile to ride out unrest

Dec 3 Latin America is poised for growth after years of under performance, Luiz Ribeiro, manager of the Latin America Equities fund at asset manager DWS Group, said on Tuesday, forecasting regional growth would rebound in 2020 to near 2%.