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

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

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

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(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.)