- DWS continued to successfully deliver on its strategy with doubled long-term net inflows and Assets under Management on a record level. Higher revenues and profit in 2024 and one of the best quarterly revenues and adjusted pre-tax profits ever in Q4 2024 mark significant progress in reaching DWS’ financial targets for 2025
- Long-term net flows (ex Cash and Advisory Services) doubled to EUR 32.9bn in 2024 (including low-margin Cash products and Advisory Services total net flows were EUR 25.7bn) driven by Passive including Xtrackers flows on record level and supported by Active SQI
- Adjusted revenues increased to a new record of EUR 2,747m in FY 2024 (FY 2023: EUR 2,603m), up 6%; Q4 q-o-q up by 7% to EUR 731m (Q3: EUR 685m)
- Adjusted profit before tax rose to EUR 1,035m in 2024 (FY 2023: EUR 937m), up 10%; EUR 293m in Q4 2024 (Q3: EUR 262m), up 12% q-o-q
- Profit before tax up 23% to EUR 957m in 2024 (FY 2023: EUR 777m); EUR 265m in Q4 2024 (Q3: EUR 245m), up 8% q-o-q; Net income increased by 19% to EUR 655m in 2024 (FY 2023: EUR 551m)
- Adjusted Cost-Income Ratio (CIR) improved to 62.3% in 2024 (FY 2023: 64.0%), at the lower end of DWS’ guidance of 62 to 64%
- Adjusted costs at EUR 1,713m in FY 2024 (FY 2023: EUR 1,665m), up by 3% y-o-y; EUR 439m in Q4 2024 (Q3: EUR 423m), up 4% q-o-q
- Total Assets under Management increased by EUR 115bn to a new record level of EUR 1,012bn in 2024 (Q3 2024: EUR 963bn; Q4 2023: EUR 896bn); Long-term Assets under Management at EUR 900bn, up EUR 118bn y-o-y
- The Executive Board proposes an increased ordinary dividend of EUR 2.20 per share for the 2024 financial year
“We are thankful for the continued trust of our clients which has driven our AuM above one trillion euros. Based on strong financial results for 2024, we reaffirm our ambitious financial targets for 2025 and have set new ones for the mid-term. We remain determined to create long-term shareholder value – and will never compromise long-term growth investments for short-term financial results.” Stefan Hoops, CEO
“In 2024 our diligent cost management paid off. We improved our adjusted CIR to 62.3 percent at the lower end of our guidance. Despite significant growth we reduced our reported costs, demonstrating the progress of our transformation, which leads to lower cost adjustments.” Markus Kobler, CFO
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