Letter from the Board of Management
A two-sided year
Online Annual Report 2010/2011Overall, 2010/2011 was a satisfactory financial year for Deutsche Beteiligungs AG. The fact that the Group posted negative net income for the year because of adverse stock market conditions does not detract from this. Most of the portfolio companies made good progress. We profitably realised two investments and structured an MBO. Additionally, we successfully raised a new fund. In line with our dividend policy, we want our shareholders to participate in these achievements: at the upcoming Annual Meeting we will recommend paying a total dividend of 0.80 euros per share. The new financial year has gotten off to a strong start, with two new MBOs agreed in the first two months of 2011/2012. |
These enterprises have stable business models, generally operate internationally and have strong positions and promising prospects in the markets they serve. In addition to the regular review of events of the past financial year, this Annual Report presents four of our portfolio companies in the environments in which they operate.
