EUWAX AG — Earnings Release 2004

Apr 15, 2004

News Details

Ad-hoc | 15 April 2004 09:31

EUWAX AG increases first quarter 2004 earnings per share by 150%

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– EUWAX AG increases first quarter 2004 earnings per share by 150% EUWAX AG has shown an outstanding start into the current year. In the first quarter of 2004 net income increased by 154% (year-on-year) to EUR 6.04 million. The company has thus achieved its best quarterly results since its establishment. This success has been based, once more, on the stock-exchange related trading with covered derivatives. Turnover in this business unit has more than doubled, compared to the previous year, to EUR 9.0 billion. The other business units related to order book trading have also per-formed outstandingly. Turnover in the area of share trading increased by nearly 300% to EUR 2.8 billion, in the area of fixed income by nearly 40% to EUR 3.2 billion, and in the area of exchange traded funds by 2,680% to EUR 315 million. EUWAX AG is also in a very strong position com-pared to its competitors. While we have consolidated our leading position in the market for derivatives trading, we have also increased – in some areas significantly – our market share in the trading of stocks, fixed income products and ETFs. While significant growth has been recorded for earnings, net income and cash-flow, expenditures have increased proportionally less. Thereby, pre-tax return on equity increased strongly to nearly 50%. The total amount of writedowns on investments was significantly below last year’s figures. Overview of key figures: Q1 2003 Q1 2004 Change Earnings (000s) EUR 10,707 16,950 58.3 % Expenditure (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 6,040 154.0 % Cash Flow (000s) EUR 2,736 6,158 125.1 % Earnings per share (DVFA/SG) EUR 0.47 1.19 150.5 % Equity (000s) EUR 48.159 59.112 22,7 % Return on Equity before Tax % 30.9 46.8 51.1 % EUWAX Aktiengesellschaft, Stuttgart Thomas Krotz (CFO) Tel.: +49 (711) 222989-360 eMail: investor.relations@euwax-ag.de end of ad-hoc-announcement (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 150931 Apr 04