Baader Bank AG — Earnings Release 2008

Apr 22, 2008

News Details

Ad-hoc | 22 April 2008 10:14

Baader Wertpapierhandelsbank AG: Preliminary consolidated net profit for Q1 2008 in accordance with IFRSs

Baader Wertpapierhandelsbank AG / Preliminary Results

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

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Baader Wertpapierhandelsbank AG:

Preliminary consolidated net profit for Q1 2008 in accordance with IFRSs

Unterschleissheim (Germany), 22 April 2008

Baader Wertpapierhandelsbank AG concluded Q1 2008 with a profit, despite
exceptionally difficult conditions on the stock market. In the first three
months of 2008, Germany’s leading securities trading bank generated net
profit after taxes of EUR 5.8 million, down from EUR 8.6 million in the
same period of the previous year. Profit from ordinary activities amounted
to EUR 5.4 million in Q1 2008 (previous year: EUR 11.8 million). This
higher post-tax profit compared with the profit from ordinary activities
was due to an extraordinary tax effect in the form of a tax refund and
revaluation of deferred tax assets.

Net fee and commission income on the reporting date totalled EUR 10.1
million (previous year: EUR 13.7 million) while net trading income remained
almost stable at EUR 16.1 million (previous year: EUR 17.1 million).

As at 31 March 2008, the Group’s equity amounted to EUR 169.5 thousand (31
December 2007: EUR 165.4 million). This brought the equity ratio to 55.2%.
Earnings per share amount to EUR 0.13 (previous year: EUR 0.19). A proposal
will be made to the Annual General Meeting that an unchanged dividend of
EUR 0.25 be distributed to the shareholders.

The Group had 315 employees (31 March 2007: 277 employees).

Key figures (EUR million) Q1 2008 Q1 2007
Net fee and commission income 10.1 13.7
Net trading income 16.1 17.1
Net income from available-for-sale financial
instruments 0.1 0.0
Administrative expenses -21.6 -20.4
Profit from operations 5.0 11.6
Profit from ordinary activities 5.4 11.8
Net profit after taxes 5.8 8.6

Board of Directors

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Publisher:

Baader Wertpapierhandelsbank AG

Contact: Thomas Spengler

Weihenstephaner Str. 4

85716 Unterschleissheim

Tel. +49 (0) 89 5150-1030

Fax +49 (0) 89 5150-2424

Thomas.Spengler@Baaderbank.de

www.Baaderbank.de

Publisher:
Baader Wertpapierhandelsbank AG
Contact: Thomas Spengler
Weihenstephaner Str. 4
85716 Unterschleissheim
Tel. +49 (0) 89 5150-1030
Fax +49 (0) 89 5150-2424
Thomas.Spengler@Baaderbank.de
www.Baaderbank.de

22.04.2008 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

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