Financials Deutsche Bank AG

Equities

Market Closed - Xetra Other stock markets 13:30:05 2025-12-08 EST			After hours 14:12:47
31.49 ^EUR	+1.06%		31.42	-0.23%

11:58am	Paris: Sixth Consecutive Session of Stagnation as Bond Yields Deteriorate
11:56am	CAC40 Ends Nearly Flat as Long-Term Yields Surge

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	24,028	25,410	27,210	28,879	30,092	31,955	32,865	34,137
Change	-	5.75%	7.08%	6.13%	4.2%	6.19%	2.85%	3.87%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	2,812	3,905	6,820	7,184	7,121	10,867	11,268	12,002
Change	-	38.87%	74.65%	5.34%	-0.88%	52.6%	3.69%	6.52%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,021	3,390	5,594	5,678	5,291	9,434	10,176	10,996
Change	-	232.03%	65.01%	1.5%	-6.82%	78.3%	7.86%	8.07%
Net income ¹	113	1,940	5,025	4,212	2,700	6,022	6,540	7,106
Change	-	1,616.81%	159.02%	-16.18%	-35.9%	123.03%	8.61%	8.65%
Announcement Date	2/4/21	1/27/22	2/2/23	2/1/24	1/30/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	5,453	7,233	6,238	6,040	5,900	7,328	6,650	6,918	6,315	7,680	7,409	7,132	6,658	7,779	7,589	7,501	7,224	8,524	7,804	8,043	7,708	8,663	8,058
Change	-	32.64%	-13.76%	-3.17%	-2.32%	24.2%	-9.25%	4.03%	-8.72%	21.62%	-3.53%	-3.74%	-6.65%	16.84%	-2.44%	-1.16%	-3.69%	18%	-8.45%	3.06%	-4.17%	12.39%	-6.98%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	426	1,659	1,240	671	336	-	-	-	1,126	2,223	1,807	-	-	-	-	-	-	-	-	2,863	-	-	-
Change	-	289.44%	-25.26%	-45.89%	-49.93%	-	-	-	-	97.42%	-18.71%	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	175	1,589	1,165	554	82	1,658	-	1,615	775	1,852	1,405	1,723	698	2,036	411	2,262	583	2,837	2,421	2,445	1,845	-	-
Change	-	808%	-26.68%	-52.45%	-85.2%	1,921.95%	-	-	-52.01%	138.97%	-24.14%	22.63%	-59.49%	191.69%	-79.81%	450.36%	-74.23%	386.62%	-14.66%	0.99%	-24.56%	-	-
Net income ¹	51	908	692	306	145	1,060	1,046	1,115	1,803	1,158	763	1,031	1,260	1,275	-143	1,461	100	1,775	1,485	1,564	1,097	2,290	-
Change	-	1,680.39%	-23.79%	-55.78%	-52.61%	631.03%	-1.32%	6.6%	61.7%	-35.77%	-34.11%	35.12%	22.21%	1.19%	-111.22%	1,121.68%	-93.16%	1,675%	-16.34%	5.32%	-29.87%	108.8%	-
Announcement Date	2/4/21	4/28/21	7/28/21	10/27/21	1/27/22	4/27/22	7/27/22	10/26/22	2/2/23	4/27/23	7/26/23	10/25/23	2/1/24	4/25/24	7/24/24	10/23/24	1/30/25	4/29/25	7/24/25	10/29/25	-	-	-

¹EUR in Million

Estimates

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-22,622	89,607	-49,445	-55,546	-28,860	-10,375	-7,842	-5,311
Change	-	496.11%	-155.18%	-12.34%	48.04%	64.05%	24.41%	32.27%
Announcement Date	2/4/21	1/27/22	2/2/23	2/1/24	1/30/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	327	512	550	337	422	528
Change	-	56.57%	7.42%	-38.73%	25.22%	25.12%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/20/20	3/12/21	3/11/22	3/18/23	3/14/24	3/13/25

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	11.7%	15.37%	25.06%	24.88%	23.66%	34.01%	34.28%	35.16%
EBT Margin (%)	4.25%	13.34%	20.56%	19.66%	17.58%	29.52%	30.96%	32.21%
Net margin (%)	0.47%	7.63%	18.47%	14.58%	8.97%	18.84%	19.9%	20.82%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	0.01%	0.15%	0.38%	0.32%	0.25%	0.44%	0.47%	0.5%
ROE	0.2%	3.8%	8%	6.7%	4.2%	8.9%	9.51%	10.06%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	14.16	-1.377	-	-	-	-	-	-
Change	-	-109.72%	-	-	-	-	-	-
Dividend per Share ¹	-	0.2	0.3	0.3	0.68	0.9757	1.165	1.3
Change	-	-	50%	0%	126.67%	43.49%	19.44%	11.53%
Book Value Per Share ¹	26.04	27.62	29.74	31.64	33.41	34.03	36.62	39.31
Change	-	6.07%	7.68%	6.39%	5.59%	1.86%	7.62%	7.32%
EPS ¹	0.07	0.93	2.37	2.03	1.37	2.99	3.34	3.75
Change	-	1,228.57%	154.84%	-14.35%	-32.51%	118.23%	11.71%	12.28%
Nbr of stocks (in thousands)	2,064,500	2,065,073	2,037,200	1,991,282	1,943,900	1,906,792	1,906,792	1,906,792
Announcement Date	2/4/21	1/27/22	2/2/23	2/1/24	1/30/25	-	-	-