Baader Bank AG — Earnings Release 2001

Feb 27, 2002

News Details

Ad-hoc | 27 February 2002 20:35

Baader Wp.handelsbank AG english

Baader announces 2001 Preliminary Consolidated Results (HGB) Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Baader announces 2001 Preliminary Consolidated Results (HGB) Unterschleissheim, February 27, 2002 Baader Wertpapierhandelsbank AG reports adjusted preliminary consolidated DVFA earnings per share for fiscal year 2001 of EUR -2.81, compared with EUR 1.50 in the previous year. Earnings after taxes totaled EUR -47.2 million, down from EUR 32.4 million in the previous year. The main reason for the loss is an addition to risk provisioning of EUR 39.7 million (2000: EUR 33.0 million). Administrative expenses were significantly reduced by 40% to EUR 45.5 million (2000: EUR 76.0 million). At fiscal year end, equity amounted to EUR 121.0 million (2000: EUR 186.8 million). As of December 31, 2001, the Group had 212 employees (215 in the previous year). For fiscal year 2001, Baader Wertpapierhandelsbank AG is preparing exempting consolidated financial statements in accordance with IAS (International Accounting Standards) for the first time. These will be presented on April 22, 2002 at the financials press conference in Munich. The Executive Board ************************* Issued by: Baader Wertpapierhandelsbank AG, Contact: Nico Baader Edison-Park Haus C, Ohmstr. 4, 85716 Unterschleissheim, Germany Tel. +49 (0)89/ 5150-1030, Fax +49 (0)89/ 5150-1111 Nico.Baader@Baaderbank.de http://www.Baaderbank.de end of ad-hoc-announcement (c)DGAP 27.02.2002 ——————————————————————————– WKN: 508810; ISIN: DE0005088108; Index: MDAX Listed: Amtlicher Handel in Frankfurt, Berlin, München, Stuttgart, Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover 272035 Feb 02