Baader Wertpapierhandelsbank AG: Preliminary consolidated earnings for Q1 2007 (IFRS)
Baader Wertpapierhandelsbank AG / Quarter Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Baader Wertpapierhandelsbank AG: Preliminary consolidated earnings for Q1 2007 (IFRS) Unterschleissheim, 16th April 2007 Baader Wertpapierhandelsbank AG earned a net profit of EUR8.7 million in Q1 2007 compared to EUR13.3 million in Q1 2006. The income from ordinary activities amounts to EUR11.8 million (previous year: EUR18.2 million). The increase in net fee and commission income up to 37 percent to EUR13.7 million is remarkable. The figures of Q1 2006 contained earnings from sales of available-for-sale holdings of EUR4.9 million. Without this special item the result is approximately at the same high level as last year. Shareholders’ equity as of March 31, 2007 was EUR161.7 million (December 31, 2006: EUR152.6 million). Earnings per share were EUR0.19 on the reporting date (previous year: EUR0.30). The Group employed a total of 277 people (previous year: 234 employees).Figures in EUR million Q1 2007 Q1 2006 Net fee and commission income 13.7 10.0 Net trading income 17.1 20.1 Net income from available-for-sale financial instruments 0.0 4.9 Administrative expenses -20.4 -17.3 Profit from operations 11.6 18.0 Income from ordinary activities 11.8 18.2 Net profit 8.7 13.3The Executive Board ************************* Published by: Baader Wertpapierhandelsbank AG Contact: Nico Baader Weihenstephaner Str. 4 85716 Unterschleissheim Germany Phone +49 (0)89/ 5150-1030 Fax +49 (0)89/ 5150-2424 Nico.Baader@Baaderbank.de www.Baaderbank.de DGAP 16.04.2007 ---------------------------------------------------------------------- Language: English Issuer: Baader Wertpapierhandelsbank AG Weihenstephaner Str. 4 85716 Unterschleissheim Deutschland Phone: +49 (0)89/ 5150-0 Fax: +49 (0)89/ 5150-1111 E-mail: Info@Baaderbank.de www: www.Baaderbank.de ISIN: DE0005088108 WKN: 508810 Indices: Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), Stuttgart, München; Freiverkehr in Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------