Edison Report Highlights DBAG Q1 Performance

Deutsche Beteiligungs (DBAG) experienced a 3.0% decline in NAV per share in the first quarter of 2026, largely due to a market shift caused by the Middle East conflict. Despite this setback, DBAG’s management noted a rebound in public company valuations by April. The company's guidance for fiscal year 2026 maintains a NAV per share target between €36 and €40, with a consistent dividend recommendation of €1.00 per share. This suggests a potential NAV total return ranging from 2% to 13% for the year.

Key developments in the quarter include an investment in medtech firm Hipp Technology Group and proceeds from the exit of duagon, enhancing DBAG's financial position for future investments. Anticipated significant exits may enable DBAG to commence fundraising for a new buyout fund by late 2026.