EUWAX AG — Earnings Release 2004

Apr 15, 2004

News Details

Corporate | 15 April 2004 13:17

EUWAX AG continues its success story – Increase of net income by more…(2/2)

Corporate-news announcement processed and sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– EUWAX AG continues its success story – Increase of net income by more than 150% in first quarter 2004 – Part 2 of 2 Outlook The outlook for the entire business year is positive. From today’s perspective, EUWAX AG will reach its target of a new full-year record net income. Our target figures are: – Income from Ordinary Activities: EUR 23.01 million (+6 % yoy) – Net Income: EUR 13.51 million (+14 %) – Cash Flow: EUR 14.18 million (-2 %) – Earning per share: EUR 2,66 (+14 %) With regard to the 1st quarter 2004, the company’s business planning for the full year has proved to be too conservative. Yet, the company keeps its relatively conservative forecast for the remaining year. The CEO Harald Schnabel explains the relatively cautious outlook: “Despite a very good starting basis, there is no reason to be enthusiastic. It is too early to give a reliable forecast for the rest of the business year, in particular for the basis of our earnings. The risks of the stock market environment in general, and exchange-related securities trading in particular, have increased again due to the absence of an economic recovery, the terror attacks in Madrid, and the subsequent sharp correction of the markets. Although,” clarifies Harald Schnabel, “the EUWAX AG has in the past proven its extraordinary earnings power – even in difficult market conditions – the company will not change its traditionally conservative business and communication policies, even in view of the successful business year 2004 so far.” Overview of the key figures: Q1 2003 Q1 2004 Change Key Share Figures Earnings per Share (DVFA/SG) EUR 0.47 1.19 150.5 % Cash Flow per Share (DVFA/SG) EUR 0.53 1.20 125.1 % Stock Closing Price (31.03.) EUR 12.20 27.50 125.4 % Price Earnings Ratio 5.2 10.3 98.1 % Book Value per Share (31.03.) 1.27 2.36 85.6 % Cash per Share EUR 8.67 10.93 26.0 % Market Capitalisation (000s) EUR 62,830 141,625 125.4 % Bearer no-par Shares (000s) (DVFA/SG) shares 5,026 5,096 1.4 % Business Development Earnings (000s) EUR 10,707 16,950 58.3 % Expenditures (000s) EUR 5,767 6,646 15.2 % Income from Ordinary Activities (000s) EUR 4,940 10,303 108.6 % Net Income (000s) EUR 2,378 6,040 154 % EBIT (000s) EUR 4,875 9,767 100.3 % Cash Flow (000s) EUR 2,736 6,158 125.1 % Financial Situation Q1 2003 Q1 2004 Change Equity (000s) EUR 48,159 59,112 22.7 % Total Assets (000s) EUR 55,952 72,992 30.5 % Equity-to-Assets Ratio % 86.1 81.0 -5.9 % Liquid Assets (000s) EUR 9,653 20,278 110.1 % Working Capital (000s) EUR 37,637 44,468 18.2 % Profitability & Performance Gross Income before Taxes % 46.6 62.6 34.4 % Return on Equity before Taxes % 30.9 46.8 51.1 % Return on Equity after Taxes % 15.1 27.5 81.6 % Cash-Flow-Equity-Ratio % 16.8 28.5 70.2 % Cost-Income-Ratio % 53.9 39.2 -27.2 % Trading Figures Earnings from Security Trading (000s) EUR 9,117 16,145 77.1 % Securities in Order Book 32,017 42,598 33.1 % Number of trades (Con- contracts 1,283 2,025 57.9 % tract Notes) (000s) Turnover (mio) EUR 7,014 15,366 119.1 % Market Share in Turnover for % n. a. 89.3 Derivative Leverage Products Market Share in Turnover % n. a. 50.5 Derivative Investment Products Market Share in Turnover % 6.2 10.4 68.9 % Fixed Income Products Market Share in Turnover % 11.5 22.8 98.3 % Stocks (Floor-Trading) Market Share in Turnover % 16.4 57.7 252.7 % ETFs (Floor-Trading) For further information or questions please contact: Harald Schnabel CEO Tel.: +49 (711) 222989-210 Fax: +49 (711) 222989-363 eMail: harald.schnabel@euwax-ag.de Thomas Krotz CFO Tel.: +49 (711) 222989-360 eMail: thomas.krotz@euwax-ag.de End of part 2 end of message, (c)DGAP 15.04.2004 ——————————————————————————– WKN: 566010; ISIN: DE0005660104; Index: Listed: Amtlicher Markt in München und Stuttgart; Freiverkehr in Berlin-Bremen, Düsseldorf, Frankfurt und Hamburg; Xetra 151317 Apr 04