DGAP-Ad-hoc: Deutsche Beteiligungs AG / Key word(s): Quarter Results 
Deutsche Beteiligungs AG: Gross gains and losses on measurement and derecognition for the first quarter of the 2020/ 
2021 financial year significantly higher year-on-year 
15-Jan-2021 / 18:59 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Publication of inside information pursuant to Article 17 (1) of Regulation (EU) 596/2014 on Market Abuse 
Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / German Securities ID: A1TNUT) - Gross gains and losses on measurement 
and derecognition for the first quarter of the 2020/2021 financial year significantly higher year-on-year 
Deutsche Beteiligungs AG ("DBAG") expects to post gross gains and losses on measurement and derecognition for the first 
quarter of the 2020/2021 financial year (1 October to 31 December 2020) which will be significantly higher than the 
result for the same quarter of the previous financial year. In line with Deutsche Beteiligungs AG's business model, net 
gains and losses on measurement and derecognition is a key driver of consolidated net income; hence, the respective 
figure for the first quarter of 2020/2021 is also expected to significantly exceed the comparable quarterly result for 
the previous financial year 2019/2020. 
DBAG has not yet concluded the valuation of its portfolio as at 31 December 2020. Even though the interim financial 
statements have not yet been prepared, earnings expectations of portfolio companies for 2021 provide an indication for 
a clearly positive value contribution overall. Hence, DBAG anticipates gross gains and losses on measurement and 
derecognition in a range between 30 and 40 million euros. The respective figure for the first quarter of the previous 
financial year amounted to 0.1 million euros; in Q1 2019/2020, the negative value contribution from the operating 
performance of portfolio companies (6.4 million euros) was largely offset by positive capital markets effects. 
Once again, DBAG would like to point out that the results of a single quarter are no indication for the results of the 
financial year as a whole; this also applies when comparing a single quarter with the same quarter of the previous 
financial year. Results of individual periods may differ strongly, even in the case of consecutive periods. DBAG is 
currently in the process of preparing its interim financial statements as at 31 December 2020, and will publish the 
corresponding quarterly statement on 10 February 2021. 
The Board of Management 
Frankfurt/Main, 15 January 2021 
Reporting person: Thomas Franke, Head of Public Relations and Investor Relations 
Contact: 
Thomas Franke 
Head of Public Relations/Investor Relations 
E-Mail: thomas.franke@dbag.de 
Phone: +49 69 95787 307 
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15-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Deutsche Beteiligungs AG 
              Börsenstrasse 1 
              60313 Frankfurt am Main 
              Germany 
Phone:        +49 69 957 87-01 
Fax:          +49 69 957 87-199 
E-mail:       welcome@dbag.de 
Internet:     www.dbag.de 
ISIN:         DE000A1TNUT7 
WKN:          A1TNUT 
Indices:      SDAX 
Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1161090 
 
End of Announcement  DGAP News Service 
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1161090 15-Jan-2021 CET/CEST

(END) Dow Jones Newswires

January 15, 2021 13:01 ET (18:01 GMT)