Accountants &
business advisers
INVESTOR
    RELATIONS
 

News and financial reports

Press releases, ad-hoc news, financial reports and managers‘ transactions

Baader Bank makes a loss in the financial year 2018

Baader Bank AG / Key word(s): Miscellaneous
Baader Bank makes a loss in the financial year 2018

22.02.2019 / 09:00 CET/CEST
Veröffentlichung einer Insiderinformationen nach Artikel 17 der Verordnung (EU) Nr. 596/2014, übermittelt durch DGAP - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.


Ad-Hoc-Announcement:

Baader Bank makes a loss in the financial year 2018

Unterschleißheim, 22/02/2019: Following the preparation of the Baader Bank AG annual financial statements for 2018, the provisional and unaudited earnings before tax (EBT) at Group level is minus EUR 19.4 million.
This confirms the negative development of earnings and Baader Bank’s earnings warning on 18 October 2018 for the past financial year.

The pre-tax result is impacted by depreciation, amortisation and write-downs on securities and equity investments, and by allocations for provisions for restructuring measures totalling EUR 10.4 million.

Based on these financial figures, the CRR rate of Baader Bank (the Group) on 31 December 2018 was above 13.5%.

A final report on Baader Bank’s annual earnings for 2018 will be issued, as scheduled, with the publication of the annual financial statements on 22 March 2019.

Further information and media enquiries:

Baader Bank AG
Weihenstephaner Straße 4
85716 Unterschleißheim, Germany

Florian E. Schopf
Company Spokesman
Head of Group Strategy & Communication

T +49 89 5150 1013
M +49 160 7188826

florian.schopf@baaderbank.de

About Baader Bank AG:

Baader Bank AG is one of the leading investment banks across the German-speaking region. As a family-run, full-service bank headquartered in Unterschleissheim near Munich with 450 employees, it is active in the business segments of Market Making, Capital Markets, Multi Asset Brokerage, Asset Management Services, Banking Services and Research.


22.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de


Language: English
Company: Baader Bank AG
  Weihenstephaner Str. 4
  85716 Unterschleissheim
  Germany
Phone: +49 89 5150 1013
Fax: +49 89 5150 1111
E-mail: communications@baaderbank.de
Internet: www.baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange
 
 
End of News DGAP News Service

Financial reports