Baader Bank AG — Earnings Release 2002

Oct 25, 2002

News Details

Ad-hoc | 25 October 2002 12:12

Baader Wp.handelsbank AG english

Baader: Preliminary consolidated earnings for Q3 2002 (IAS) Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Baader: Preliminary consolidated earnings for Q3 2002 (IAS) Unterschleißheim, October 25, 2002 Baader Wertpapierhandelsbank AG has reported preliminary consolidated earnings per share for the first nine months of fiscal year 2002 of EUR -1.53, compared to EUR -2.00 for the same period last year. This represents a 23.5% increase in earnings. This improvement by 17% is the main result of reducing the administrative expenses. The interim Group profit after tax stands at EUR -34.7 million compared to EUR -42.2 million in the previous year. Valuation allowances on available-for-sale assets amounted to approx. EUR 17.5 million, down 50% on the same period last year. Equity amounted to approx. EUR 144 million at the end of Q3. On the balance sheet date, September 30, 2002, the Group had 199 employees (previous year: 212 employees). The Executive Board ************************* Issued by: Baader Wertpapierhandelsbank AG Contact: Nico Baader Weihenstephaner Str. 4 85716 Unterschleißheim Germany Tel. +49 (0)89/ 5150-1030 Fax +49 (0)89/ 5150-1111 Nico.Baader@Baaderbank.de www.Baaderbank.de end of ad-hoc-announcement (c)DGAP 25.10.2002 ——————————————————————————– WKN: 508810; ISIN: DE0005088108; Index: SDAX Listed: Amtlicher Markt in Frankfurt (SMAX), Berlin, München, Stuttgart, Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover 251212 Okt 02