DWS Group GmbH & Co KgaA
F:DWS

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DWS Group GmbH & Co KgaA Logo
DWS Group GmbH & Co KgaA
F:DWS
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Price: 61.1 EUR 1.24% Market Closed
Market Cap: €12.2B

DWS Group GmbH & Co KgaA
Investor Relations

DWS Group is an asset manager. It creates and manages investment products such as mutual funds, exchange-traded funds, and other pooled portfolios that invest in stocks, bonds, and alternative assets. The company does not make physical goods; it manages money for investors and charges fees for that service. Its main customers are individual savers, wealth managers, banks, pension plans, insurers, and other institutions that need outside help investing cash. DWS earns most of its money from management fees tied to the assets it oversees, and in some cases from performance fees on funds that beat their targets. It also distributes funds through third-party channels rather than relying only on direct-to-consumer sales. What makes DWS different is its role in the investment chain. It sits between end investors and the markets, packaging investments into products that are easy to buy and hold. The business is built on trust, distribution access, and portfolio management skill, with a mix of active funds and low-cost indexed products that gives it a broad role in savings and capital markets.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 29, 2026
AI Summary
Q1 2026

Strong quarter: DWS reported revenue of EUR 821 million, net income of EUR 265 million, and EPS of EUR 1.32, with EPS above consensus and costs better than expected.

Flows held up: Net flows were EUR 11 billion, led by EUR 12.9 billion of retail inflows, while institutional flows were weaker in a cautious March environment.

Guidance reaffirmed: Management reconfirmed full-year EPS growth of 10% to 15%, tightened cost guidance to around EUR 1.80 billion, and said performance fees should land at the upper end of the 4% to 8% revenue range.

Performance fees: Q1 performance fees were helped by early timing from PIF II; management expects most remaining fees to be booked in Q4 and said no further PIF II asset sales are expected before Q4 2026.

Strategic push: DWS highlighted progress on five growth priorities, including its India alternatives partnership, the Deutsche Bank Private Bank collaboration, digital distribution, and German pension reform opportunities.

Mixed flow picture: Active equity and institutional business were challenged by market volatility, while passive, retail, SQI, and alternatives all contributed positively to the quarter.

Key Financials
Assets under management
EUR 1,093 billion
Revenue
EUR 821 million
Net income
EUR 265 million
EPS
EUR 1.32
Costs
EUR 444 million
Cost/income ratio
54.1%
Net flows
EUR 11 billion
Long-term net flows
EUR 6.6 billion
Retail net flows
EUR 12.9 billion
Institutional net flows
EUR -1.9 billion
Germany net flows
EUR 7.9 billion
EMEA ex Germany net flows
EUR 7.7 billion
APAC net flows
EUR 0.5 billion
Americas net outflows
EUR -5.1 billion
Active AUM
EUR 458 billion
Passive AUM
EUR 396 billion
Alternatives AUM
EUR 112 billion
Xtrackers net flows
EUR 6.5 billion
SQI net flows
EUR 1.6 billion
Multi Asset net flows
EUR 0.3 billion
Active equity net outflows
EUR -1.2 billion
Fixed income net flow impact
not specified
PIF II remaining fee potential
EUR 30 million to EUR 40 million
PIF II capital return in Q2
around EUR 1 billion
PIF IV target size
EUR 4 billion plus
Nippon Life India Asset Management stake
40%
Nippon Life India Asset Management purchase price
reasonably high double-digit million amount
Deutschlandfonds growth capital target
EUR 400 million
KfW contribution to first-of-a-kind fund
EUR 100 million
Earnings Call Recording
Other Earnings Calls

Management

Dr. Stefan Hoops
CEO, MD, Head of Investment Division, Head of Executive Division & Chairman of Executive Board
No Bio Available
Dr. Markus Kobler Ph.D.
CFO, Head of Finance Division & Member of Management Board
No Bio Available
Mr. Dirk Goergen
Member of Executive Board, CEO of DWS Americas & Global Head of Client Coverage Division
No Bio Available
Mr. Manfred Bauer
Head of Product Division & Member of Executive Board
No Bio Available
Dr. Karen Kuder
Chief Administrative Officer, Head of CAO Division & Member of Executive Board
No Bio Available
Mr. Rafael Otero
Chief Technology & Operations Officer, Head of COO Division and Member of Executive Board
No Bio Available
Mr. Vincenzo Vedda
Global Head of Active Management & Global Chief Investment Officer
No Bio Available
Mr. Oliver Flade
Head of Investor Relations
No Bio Available
Mr. Sven Wuerttemberger
Head of Distribution -Switzerland
No Bio Available
Mr. J. J. Wilczewski
Head of Client Coverage Americas and Global Head of Institutional Clients & Consultants
No Bio Available

Contacts

Address
HESSEN
Frankfurt
Mainzer Landstasse 11-17
Contacts
+496991012371.0
group.dws.com
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