Oekoworld

DB: VVV3

€44.2m market cap

€14.5 last close

Oekoworld is a listed holding company for asset management, insurance brokerage and advisory services. It is one of Germany’s pioneers in SRI and ethical-ecological investment advisory, with its nucleus reaching back to 1975. It has preserved its successful core investment principles and reached AUM of €900m in February 2017.

Investment summary

ÖKOWORLD (ÖWAG) has demonstrated over the past months that despite volatile market conditions, it can leverage the positive sentiment towards sustainable investment to drive growth in assets under management (AUM) beyond €1.3bn. The healthy ytd performance allowed most of the funds managed by its subsidiary, Ökoworld LUX, to rebound to the record high levels set in Q318. However, we note that H119 results were largely assisted by a dividend payment from an ÖWAG-related company. To generate significant performance fees in FY19, which are one of ÖWAG’s key earnings drivers, the funds need to post strong positive returns in H219 as well.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.3 (2.7) (15.0)
Relative* (6.3) (4.9) (16.7)
52-week high/low €17.1/€13.9
*% relative to local index
Key management
Alfred Platow CEO