30.11.2012

Deutsche Beteiligungs AG: Dividend of 1.20 euros per share recommended

Preliminary net income at 44.5 million euros / Net asset value 16.8 percent

Frankfurt am Main, 30 November 2012. The Board of Management and the Supervisory today announced that they will recommend paying a dividend of 1.20 euros per share at the upcoming Annual Meeting, consisting of a base dividend of 0.40 euros per share in addition to a surplus dividend of 0.80 euros per share. A resolution to that effect was passed today. In the preceding year, the Company paid a total dividend of 0.80 euros per share (including a base dividend of 0.40 euros per share). A regulatory announcement to that effect was issued this afternoon.

The announcement goes on to say:
The dividend recommendation derives from the consolidated net income for financial year 2011/2012 (1 November to 31 October), which tentatively amounts to 44.5 million euros, and comprehensive income of 38.3 million euros. The previous financial year saw a consolidated loss of 16.6 million euros and negative comprehensive income of 15.9 million euros. Net asset value per share increased from 17.47 euros at the beginning of financial year 2011/2012 to preliminary 19.47 euros per share at the end of the period. Adjusted for the cash dividend of 0.40 euros per share in addition to a surplus dividend of 0.40 euros per share paid in March 2012, the return on net asset value per share for 2011/2012 tentatively equates to 16.8 percent. For the preceding year, the return on net asset value per share was -6.2 percent.

In the fourth quarter of its 2011/2012 financial year, Deutsche Beteiligungs AG achieved preliminary net income of 4.4 million euros. This amount comprises a positive contribution to income from the disinvestment of the Company’s interest in Coperion Capital GmbH in October, as well as negative effects on the result of investing activity: the value of the investment held in Homag Group AG fell by 5.6 million euros versus the third quarter in view of a price decline for Homag shares. Apart from that, two investments recently began to feel the economic slowdown in southern European markets, which decreased the value of these investments and impacted the result. Preliminary comprehensive income at 31 October 2012 contains actuarial losses in the amount of 5.9 million euros from remeasurements of pension obligations. These remeasurements allow for the fact that the discount rate used to determine pension obligations had dropped from 4.60 percent in the previous year to 2.91 percent at 31 October 2012. With a view to continuity in the application of the valuation basis, we have fully accounted for the significant effects that arise from the lower discount rate.

The complete Annual Report is scheduled to be published on 29 January 2013.