FRANKFURT (dpa-AFX) - Unfavorable stock market prices have pushed Deutsche Beteiligungs AG (DBAG) into the red in the past quarter. The bottom line for the first quarter to the end of December was a loss of just under 6 million euros after a profit of just under 42 million a year earlier, as the SDax-listed company announced in Frankfurt on Thursday. The Management Board cited the unfavorable share price performance of companies listed on the stock exchange, which serve as a comparison for the company's own investments, as the reason. In contrast, the actual business of the portfolio companies developed positively.

According to the information provided, the net asset value of the investments amounted to 663.4 million euros at the end of December, 6 million euros lower than three months previously. For the current financial year 2023/24 until the end of September, the management is still aiming for a net asset value of EUR 675 to 790 million. By the end of September 2026, it is expected to grow to between EUR 840 million and EUR 980 million.

DBAG's business consists of two areas: Firstly, it invests in medium-sized companies with a focus on the industrial sector in Germany, Austria and Switzerland, as well as Italy since 2020. On the other hand, the company offers fund consulting./stw/mis