Baader Bank AG — Earnings Release 2009

Feb 25, 2010

News Details

Ad-hoc | 25 February 2010 14:14

Baader Bank AG: Preliminary consolidated net profit for 2009 in accordance with IFRSs

Baader Bank AG / Final Results/Final Results

25.02.2010 14:14

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Baader Bank AG:

Preliminary consolidated net profit for 2009 in accordance with IFRSs

Unterschleissheim, 25 February 2010

In spite of a difficult capital market environment, Baader Bank AG
significantly grew its profit in the 2009 financial year owing to its
broad-based business positioning.

Germany's leading specialist in securities trading doubled its profits from
ordinary activities (+103.6%) in the year under review from EUR 11.6
million in the previous year to EUR 23.7 million. Earnings after taxes
increased by 110.5% to EUR 18.1 million from EUR 8.6 million in the
previous year, which is equivalent to earnings per share in 2009 of EUR
0.40 (previous year: EUR 0.19). Payment to shareholders of a dividend of
EUR 0.13 (previous year: EUR 0.06) is to be proposed to the General
Meeting. This will be distributed from the tax contribution account and is
therefore not subject to income taxes.

Since net trading and net fee and commission income were increased by 14.2%
overall to EUR 111.9 million (previous year: EUR 98.0 million) and
administrative expenses only rose at a disproportionately low rate of 1.8%
to EUR 89.3 million (previous year: EUR 87.7 million), profit from
operations was increased almost sixfold from EUR 4.2 million in the
previous year to EUR 23.4 million.

At the end of last year, equity amounted to EUR 177.6 million (previous
year: EUR 160.2 million). On the balance sheet date, the Group had 343
employees (previous year: 333).

Key figures (EUR million) 2009 2008
Net fee and commission income 36.1 39.0
Net trading income 75.8 59.0
Administrative expenses 89.3 87.7
Profit/loss from operations 23.4 4.2
Profits from ordinary activities 23.7 11.6
Earnings after taxes 18.1 8.6

Board of Directors

Issuer:
Baader Bank Aktiengesellschaft
Contact: Thomas Spengler
Weihenstephaner Str. 4
85716 Unterschleissheim
Tel. +49 (0) 89 5150 1030
Fax +49 (0) 89 5150 29 1030
thomas.spengler@baaderbank.de
www.baaderbank.de

25.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleissheim
Deutschland
Phone: +49 (0)89/ 5150-0
Fax: +49 (0)89/ 5150-2423
E-mail: Info@Baaderbank.de
Internet: www.Baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Regulierter Markt in München; Freiverkehr in Berlin,
Hannover, Düsseldorf, Stuttgart, Hamburg; Open Market in
Frankfurt

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