DWS Group GmbH & Co KGaA (CHIX:DWSd)
€ 49.33 +0.32 (+0.65%) Market Cap: 9.94 Bil Enterprise Value: 8.63 Bil PE Ratio: 14.18 PB Ratio: 1.35 GF Score: 59/100
Back to the Transcripts List

Preliminary Q4 2024 DWS Group GmbH & Co KgaA Earnings Call Transcript

Jan 30, 2025 / 09:00AM GMT
Release Date Price: €41.71

Key Points

Positve
  • DWS Group GmbH & Co KGaA (WBO:DWS) reported strong long-term net flows of EUR14.4 billion in Q4 and EUR32.9 billion for the full year 2024.
  • Assets under management crossed the EUR1 trillion mark, a significant psychological milestone.
  • The Passive segment, particularly Xtrackers, delivered record net inflows of EUR41.8 billion for the year.
  • Adjusted revenues reached a record level of EUR2.747 billion for 2024, driven by high management fees and additional performance and transaction fees.
  • The company proposed an ordinary dividend of EUR2.20 per share, a 5% increase from the previous year, reflecting a strong commitment to shareholder value.
Negative
  • The Active Equity segment faced challenges with net outflows due to a low-risk appetite among clients and ongoing industry pressures.
  • The relative performance of some active strategies declined, prompting changes in leadership and strategy.
  • Adjusted costs increased by 4% quarter-on-quarter, impacting the cost-income ratio.
  • The fair value of guarantees decreased significantly, negatively affecting other revenues.
  • The Alternatives segment, while showing a positive turnaround, had only modest net inflows of EUR1 billion in Q4.
Operator

Ladies and gentlemen, welcome to DWS Q4, full-year 2024 preliminary results with investor and analyst conference call. I am Shy, the Chorus Call operator. The conference is being recorded. (Operator Instructions)

The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Mr. Oliver Flade. Please go ahead.

Oliver Flade
DWS Group GmbH & Co KgaA - Head of Investor Relations

Yes, operator, thank you very much, and good morning to everybody from Frankfurt. This is Oliver from Investor Relations, and I would like to welcome everybody to our earnings call for the fourth quarter of 2024. And before we start, I would like to remind you that the upcoming Deutsche Bank analyst call will outline the asset management segment results, which have a different parameter basis to the DWS results that we are presenting now.

I'm joined, as usual, by our CEO, Stefan Hoops; and Markus Kobler, our CFO, and Stefan will start with some opening remarks and also with some closing remarks, and Markus will take

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.