FRANKFURT (dpa-AFX) - Deutsche Beteiligungs AG (DBAG) is positive about its future development despite a difficult environment. The company expects to increase its net asset value (NAV) in the coming years. This is expected to increase to between EUR 675 million and EUR 790 million in the new financial year 2023/24 (as at the end of September), DBAG announced on Thursday when presenting its final figures in Frankfurt. This corresponds to an average double-digit percentage growth. By the end of the 2025/2026 financial year, the net asset value is expected to be in a range between 840 and 980 million euros.

DBAG had already presented preliminary figures for the past financial year and announced a new dividend policy. Shareholders are to participate in the form of a stable dividend of at least EUR 1.00 per share. In addition, DBAG intends to consider the possibility of share buybacks more regularly in the future. The company confirmed the preliminary figures for 2022/23. Net asset value rose by almost 16 percent to 669.4 million euros and the consolidated net profit to 106 million euros - compared to minus 98 million a year ago./nas/mis