EUWAX AG — Earnings Release 2003

Apr 16, 2003

News Details

Ad-hoc | 16 April 2003 08:34

EUWAX Broker AG english

EUWAX Broker AG Increases its Quarterly Profit by 26% Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– EUWAX Broker AG Increases its Quarterly Profit by 26% The very good business development of the previous quarters has stabilized itself on a high level. In comparison to the first quarter 2002 EUWAX broker AG increased its profit in the first quarter 2003 by 26% to kEUR 2,378. The period surplus would have turned out significantly higher without the non-tax effective writing offs on medium and long term securities. The income from ordinary activities climbed by 66% to kEUR 4,940. The most important reasons for the satisfying business development are: – Continuing increase of market share of Stuttgart Stock Exchange to currently 37% of German order book turnover – Significantly diminished expenditures compared to the 4th quarter 2002 DVFA earnings per share decreased by 9% to EUR 0.47. The decline is attributed to last year’s capital increase. Key figures at a glance: 31.03.03 31.03.02 Change Earnings kEUR 10,707 5,845 83.2% Expenditures kEUR 5,767 2,868 101.1% Income from Ordinary Activities kEUR 4,940 2,977 66.0% Net Income kEUR 2,378 1,883 26.3% Cash Flow kEUR 2,736 1,949 40.4% Earnings per Share (DVFA/SG) EUR 0.47 0.52 -8.7% Return on Equity Before Tax % 33.5 37.0 -9.6% Subscribed Capital kEUR 5,150 3,751 37.3% Thomas Krotz (CFO) Phone: +49 (0)711 2 22 98 93 60 eMail: investor.relations@euwax-broker.de Stuttgart, April 16th, 2003 end of ad-hoc-announcement (c)DGAP 16.04.2003 ——————————————————————————– WKN: 566010; ISIN: DE0005660104; Index: Listed: Amtlicher Markt in München und Stuttgart; Freiverkehr in Düsseldorf, Frankfurt und Hamburg; Xetra 160834 Apr 03