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Oekoworld

Normalised revenue and profitability level

Update | Financials | 07 Sep 2018

ÖKOWORLD (ÖWAG) reported robust results for H118, recording EUR 7.6m revenues and EUR 2.1m net profit. Even though both measures declined y-o-y by 5.6% and 31.4%, respectively, it is important to note that last year’s figures were particularly strong due to high performance fees driven by favourable equity markets. Fund performance outpaced both the broader market and peers over the long term, but is currently recovering from the Q118 downturn. ÖWAG’s shares trade at a premium to the peer group on P/E and EV/EBITDA for FY18e, which, however, widens in FY19e due to earnings growth expectations below the peer-group average.

Oekoworld

Solid AUM expansion in FY17

Update | Financials | 12 Jun 2018

ÖKOWORLD (ÖWAG) recorded an upsurge in profits on the back of a healthy performance in managed funds (with its flagship Ökoworld Classic posting an 11.4% return in FY17) and growth in assets under management (AUM) to EUR 1.08bn as at end December 2017. The increase in management and performance fees by EUR 4.6m and EUR 1.8m respectively resulted in 66% y-o-y EBIT growth in FY17. AUM have continued to grow in 2018 and reached c EUR 1.13bn at end April 2018. However, continued weakness in equity markets will have a negative impact on ÖWAG’s performance fees.

Oekoworld

AUM approaching FY17 target

Update | Financials | 12 Sep 2017

ÖKOWORLD (ÖWAG) reported healthy growth in H117, with sales and operating profit more than doubling year-on-year despite the lack of dividend payments from affiliated companies (EUR 1.6m in H116). AUM continues to increase and currently stands at EUR 970m (up 4.8% vs end-March), approaching the EUR 1.0bn threshold that ÖWAG intends to surpass in FY17. To date, the flagship Ökovision Classic fund posted returns of 6.7% (C-shares) and 5.2% (A-shares). ÖWAG’s shares rallied 27% ytd and are now trading at a premium of 4% and 27% on P/E and EV/EBITDA for FY17e, respectively.

Oekoworld

Strong 2016 results lead to dividend hike

Update | Financials | 16 Jun 2017

ÖKOWORLD (ÖWAG) reported strong 2016 results. The operating business environment was challenging, mainly due to high volatility in the relevant SRI financial market segment, but the group's net earnings were strong, boosted by €3.6m in dividend income from its holdings in subsidiaries. These more than compensated for a €2.9m decline in performance fee income. Cost cuts of €600k also contributed to a €1.6m increase in net profits to €4.6m. ÖWAG increased the dividend to 51 cents (+13%).

Oekoworld

Profits and principles - a pioneer in SRI

Initiation | Financials | 31 Mar 2017

Socially responsible investment (SRI) is the buzzword in the financial industry today, but ÖKOWORLD (ÖWAG) is a pioneer with a 40-year history. ÖWAG is the parent company of a fund management group, an insurance broker and advisory service. Sustainable investment is ÖWAG's mission, explained by its ‘profits and principles' strategy. Funds are managed through a disciplined SRI process with a consistent track record, leading to strong rankings from major rating agencies and numerous awards. Management expects the strong brand and investment results to propel AUM beyond €1bn in 2017, cementing healthy margins and steady dividend growth for ÖWAG.