Baader Bank AG — Earnings Release 2008

Jul 16, 2008

News Details

Ad-hoc | 16 July 2008 13:40

Baader Wertpapierhandelsbank AG: Preliminary consolidated net profit for Q2 2008 in accordance with IFRS

Baader Wertpapierhandelsbank AG / Half Year Results

Release of an 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.

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Unterschleissheim (Germany), 16 July 2008

Due to its broad position, Baader Wertpapierhandelsbank AG has concluded Q2
2008 with a little profit, despite increasingly difficult conditions on the
international stock markets.

From April to June 2008, Germany’s leading securities trading bank
generated net profit after taxes of EUR 0.5 million, down from EUR 5.3
million in the same period of the previous year. It thus generated a
post-tax profit of EUR 6.3 million (previous year: EUR 14.0 million) in the
first half of the year. Profit from ordinary activities amounted to EUR 0.3
million in Q2 2008 (previous year: EUR 7.1 million).

Net fee and commission income in the 2nd quarter totalled EUR 8.8 million
(previous year: EUR 11.5 million) while net trading income amounted to EUR
9.8 million (previous year: EUR 12.6 million).

As at 30 June 2008, the Group’s equity amounted to EUR 157.5 million (31
December 2007: EUR 165.4 million). This brought the equity ratio to 46.2%.

The Group had 318 employees (31 December 2007: 298 employees).

                                            H1    H1        Q2    Q2

Key figures (EUR million) 2008 2007 2008 2007
Net fee and commission income 18.9 25.2 8.8 11.5
Net trading income 25.9 29.8 9.8 12.6
Net income from available-for-sale financial
instruments/net income from companies carried
at equity 0.7 1.4 0.6 0.3
- - - -
Administrative expenses 41.1 38.6 19.5 18.2
Profit from operations 4.8 18.2 -0.2 6.6
Profit from ordinary activities 5.7 18.9 0.3 7.1
Net profit after taxes 6.3 14.0 0.5 5.3

Board of Directors

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Publisher:

Baader Wertpapierhandelsbank AG

Contact: Thomas Spengler

Weihenstephaner Str. 4

85716 Unterschleissheim
Germany

Tel. +49 (0) 89 5150-1030

Fax +49 (0) 89/ 5150-2424

Thomas.Spengler@Baaderbank.de

www.Baaderbank.de

16.07.2008 Financial News transmitted by DGAP

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: Info@Baaderbank.de
Internet: www.Baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Stuttgart, München; Freiverkehr in Hamburg, Düsseldorf

End of News DGAP News-Service

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