Germany's DWS slightly misses Q3 revenue estimates, reaffirms forecast

By Reuters News


Overview

  • Germany asset manager's Q3 revenue rose 1% q-o-q, slightly missing analyst expectations

  • Net income for Q3 fell 3% q-o-q due to prior quarter tax benefit

  • Company achieved record Q3 net inflows and assets under management


Outlook

  • DWS reaffirms expectations outlined in its 2025 Annual Report, assuming a supportive market environment


Result Drivers

  • RECORD NET INFLOWS - Co said record net inflows in Passive including Xtrackers, Cash products, and supported by Active SQI, Alternatives, and Advisory Services drove growth in Q3

  • HIGHER MANAGEMENT FEES - Co attributed revenue growth to higher management fees, mainly driven by increased average assets under management

  • COST REDUCTION - Co said costs fell 2% q-o-q due to decreased general and administrative expenses and lower compensation and benefits costs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

EUR 784 mln

EUR 785.21 mln (4 Analysts)

Q3 Net Income

EUR 230 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Reuters Recommended Reads

  • Oct 26 - DWS restricts redemptions from troubled European property fund

  • Oct 28 - BNP Paribas beats Q3 profit forecast, unveils €1.3 billion share buyback

  • Oct 28 - UBS meets expectations with $2.7 billion Q3 profit


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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