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Baader Bank AG — Earnings Release 2007
Feb 20, 2008
4539_rns_2008-02-20_1769766c-01ab-465f-b084-5ae7d3062dc8.html
Earnings Release
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News Details
Ad-hoc | 20 February 2008 09:04
Baader Wertpapierhandelsbank AG: Preliminary consolidated net profit for 2007 in accordance with IFRSs
Baader Wertpapierhandelsbank AG / Final 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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Baader Wertpapierhandelsbank AG:
preliminary consolidated net profit for 2007 in accordance with IFRSs
Unterschleissheim (Germany), 20 February 2008
Baader Wertpapierhandelsbank AG raised its profit from ordinary activities
in fiscal year 2007 by 38.0% to EUR 35.2 million (previous year: EUR 25.5
million).
Overall, Baader Wertpapierhandelsbank AG generated profit after taxes of
EUR 29.0 million (previous year: EUR 30.6 million). This corresponds to
profit per share of EUR 0.64 (previous year: EUR 0.67).
The lower post-tax profit in 2007 can be explained by the Gesetz über
steuerliche Begleitmaßnahmen zur Einführung der Europäischen Gesellschaft
und zur Änderung weiterer steuerlicher Vorschriften (SEStEG – German Act on
the Tax Features for the Introduction of the European Company and Amendment
of Other Tax Rules). This replaces the previous system of reducing
corporate income tax through payment of corporate income tax credit in
instalments. This led to recognition of the cash value of the corporate
income tax credit in the amount of EUR 11.6 million as an asset and thus
led to a positive tax result in 2006.
At the end of last year, equity amounted to EUR 165.4 million (previous
year: EUR 152,6 million). As of the reporting date, the Group had 298
employees (previous year: 266 employees) and the number of order books
managed climbed from 120,579 or 71% to 206,428.
Key figures (EUR million) 1 January – 31 1 January – 31 December
December
2007 2006
Net fee and commission
income 46.5 36.8
Net trading income 52.0 49.7
Administrative expenses 75.6 63.1
Profit from operations 32.3 36.2
Profit from ordinary
activities 35.2 25.5
Earnings after taxes 29.0 30.6
The Board of Directors
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Publisher:
Baader Wertpapierhandelsbank AG
Contact: Thomas Spengler
Weihenstephaner Strasse 4
85716 Unterschleissheim
Phone +49 (0) 89 5150-1030
Fax +49 (0) 89 5150-2424
www.Baaderbank.de
20.02.2008 Financial News transmitted by DGAP
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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]
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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