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Baader Bank AG — Earnings Release 2006
Feb 16, 2007
4539_rns_2007-02-16_4d490033-b262-4ff5-9c73-c7066f65def3.html
Earnings Release
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Ad-hoc | 16 February 2007 11:15
Baader Wertpapierhandelsbank AG: Provisional IFRS consolidated earnings for 2006
Baader Wertpapierhandelsbank AG / Final Results
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:
Provisional IFRS consolidated earnings for 2006
Unterschleissheim, 16th February 2007
In financial year 2006, Baader Wertpapierhandelsbank AG increased its
profit from ordinary activities by 129% to €25.5 million (previous year:
€11.1 million).
On account of a possible claim by EdW (Entschaedigungseinrichtung der
Wertpapierhandelsunternehmen) in connection with investor compensation
following the insolvency of Phoenix Kapitalgesellschaft GmbH, the Board of
Management has resolved to form a provision in the amount of €12 million.
Without this extraordinary expense, the result of ordinary activities would
have been €37.5 million.
As a result of the Gesetz über steuerliche Begleitmaßnahmen zur Einfuehrung
der Europaeischen Gesellschaft und zur Aenderung weiterer steuerlicher
Vorschriften (SEStEG – German Act on the Tax Features for the Introduction
of the European Company and Amendment of Other Tax Rules), the previous
system for reducing corporation tax has been replaced by the payment of
corporation tax credit in instalments. This has resulted in the
capitalisation of the present value of the corporation tax credit of €11.6
million, thereby resulting in positive net tax income.
Overall, Baader Wertpapierhandelsbank AG generated earnings after taxes of
€30.6 million (previous year: €7.9 million), corresponding to earnings per
share of €0.67 (previous year: €0.18). The Annual General Meeting on 26
June 2007 is expected to propose the distribution of a dividend of €0.25
(previous year: €0.09) per share.
As at the end of the year, equity amounted to €151.9 million (previous
year: €127.1 million).
As at the balance sheet date, the Group employed 266 people (previous year:
225), the number of order books managed rose from 61,552 to 120,579.
1 January - 31 December 1 January - 31 December
Key figures (€ million) 2006 2005
Net fee and commission
income 36.8 24.4
Net trading income 49.7 34.9
Administrative expense 63.1 50.4
Profit from operations 36.2 9.9
Profit from ordinary
activities 25.5 11.1
Earnings after taxes 30.6 7.9
The Board of Management
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Published by:
Baader Wertpapierhandelsbank AG
Contact: Nico Baader
Weihenstephaner Str. 4
85716 Unterschleissheim
Phone + 49 (0) 89/ 5150-1030
Fax + 49 (0) 89/ 5150-2424
www.Baaderbank.de
DGAP 16.02.2007
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: [email protected]
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