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Baader Bank adjusts earnings forecast for 2018

DGAP-News: Baader Bank AG / Key word(s): Miscellaneous

18.10.2018
The issuer is solely responsible for the content of this announcement.


Ad-Hoc-Announcement:

Baader Bank adjusts earnings forecast for 2018

Unterschleißheim, 18 October 2018: : Baader Bank’s net income for the 2018 financial year is expected to be significantly weaker than previously anticipated. As already outlined, the framework conditions continued to deteriorate significantly in the third quarter of 2018. This will significantly impact the net trading income, net commission income and operating results of the Group. Earnings before taxes (EBIT) at Group level as at 30 September 2018 were well into the single-digit negative million range. Against this backdrop, the Management Board of Baader Bank no longer expects to achieve positive net income for the year at Group level.

Further information and media enquiries:

Baader Bank AG
Weihenstephaner Straße 4
85716 Unterschleißheim, Germany

Katharina Ariane Beyersdorfer
Senior Manager Head of Group Communication

T +49 89 5150 1016
F +49 89 5150 291016
M +49 172 6659 389

Katharina.Beyersdorfer@baaderbank.de
http://www.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.


18.10.2018 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.

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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
 
 
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