The Deutsche Bank fund subsidiary DWS broke the brand of a trillion euro for the first time in 2024.
From 2025 to 2027, the company plans to get a total of 150 billion euros from customers with long-term systems. For the current year, CEO Stefan Hoops records his profit target of 4.50 euros per share, as the company listed in the SDAX announced on Thursday. In the following two years, the result should increase by about 10 percent per share.
The shareholders should also benefit from profit rise: For 2024, the DWS lead proposes a regular dividend of EUR 2.20 per share, ten cents more than for 2023. At that time, however, the DWS also distributed a special dividend of 4 euros.
In the past year, the DWS funds brought in long-term funds of 32.9 billion euros and twice as much as 2023. Including short-term systems, for example in cash products, the net inflows were 25.7 billion euros.
The adjusted income from DWS grew by six percent to 2.75 billion euros. The input tax adjusted by special items rose by ten percent to a good one billion euros. The bottom line was that the shareholders had a profit of 655 million euros and thus almost a fifth more than in the previous year. In the current year, he is likely to climb around 900 million euros.
To do this, higher income and falling costs should contribute. In 2025, DWS is aiming to ensure that the costs adjusted for special items are less than 59 percent of the yields. Last year this rate had dropped from 64 to 62.3 percent. In the coming years, it should continue to shrink according to the new plans of the board.
The DWS share temporarily climbs by 5.56 percent to EUR 45.18 via Xetra.
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Frankfurt (dpa-Afx)
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