EUWAX AG — Earnings Release 2006

Jul 13, 2006

News Details

Ad-hoc | 13 July 2006 13:43

EUWAX AG: Preliminary q2 2006 EPS (IFRS) at 1.31 € (+101 %)

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Stuttgart, 13.07.2006 EUWAX group boosts preliminary q2 2006 EPS (IFRS) to 1.31 € (+101 %) Group’s net profit (preliminary) for the first six months 2006 at 13.4 mln. € (+104 %) EUWAX group showed an excellent performance for the first six months of the current business year. The group’s net profit for q2 came in at 6.7 mln. € and therewith confirmed the positive start of the year. Q2 Earnings per share accelerated by 101 % to 1.31 €. On an cumulated base net profit climbed by 104 % to 13.4 mln. €. The earnings’ growth was based on the operational strength in our brokerage business. Q2 was accompanied by heavy transaction volume. The record level in trading volume of q1 was further expanded. The derivative trading was the leading force behind the trading volume growth in the first six months (+75 % to 58.5 bln. €). The accumulated EBT soared by 100 % to 22.4 mln. €. The market environment in q2 was stamped for a long time by the ongoing raise of stock markets and commodities. With the following correction, volatility made its comeback to the markets. Favoured by sometimes large trading ranges, leveraged products were hit by large demand. Investment products moved further on their high level of transactions. Towards the end of q2 the whole sector experienced a steep slowdown, which could also be called a kind of normalization. Thus the good development in q1 and q2 should not be the grounding for a full year forecast. Earnings in q2 climbed on this base by 76 % to 20.2 mln. €. Provision income (+70 % to 10.9 mln. €) and trading income (+86 % to 7.8 mln. €) both showed substantial gains in comparison to 2005. Despite the continuing burdens related to the new trading model and to the accelerated personnel and trading expenditures (correlated to the strong business figures), total expenditures (without taxes) followed the development in q1 and climbed in comparison to the earnings only modestly by 42 % to 8.5 mln. €. Return on equity after tax came in at 32 % in q2 and 33 % for the mid-year 2006. This pointed out the high profitability of EUWAX group. Preliminary key figures (IFRS): Q2 Change Q1 + Q1 + Change 2006 Q2 Q2 2005 2006 Earnings per EUR 1.31 101 % 1.30 2.62 101 % share Earnings kEUR 20,166 76 % 23,045 39,566 72 % Expenditures kEUR 8,521 42 % 11,839 17,148 45 % (without tax) EBT kEUR 11,644 113 % 11,206 22,419 100 % Tax kEUR 4,995 117 % 4,881 9,209 89 % Share of minority kEUR -87 31 % -256 -193 25 % shareholders at the group’s profit Group`s net kEUR 6,737 104 % 6,580 13,403 104 % profit Cash Flow kEUR 7,284 113 % 6,835 14,089 106 % Shareholders`E- kEUR 87,910 24 % 70,958 87,910 24 % quity Return on Equity % 32 68 % 20 33 71 % after tax Thomas Krotz (CFO) Phone.: +49 (0)711 222989-360 eMail: investor.relations@euwax-ag.de (c)DGAP 13.07.2006 ————————————————————————— Language: English Issuer: EUWAX AG Börsenstr. 4 70174 Stuttgart Deutschland Phone: +49 (0)711 222 989 200 Fax: +49 (0)711 222 989 222 E-mail: post@euwax-ag.de WWW: www.euwax.com ISIN: DE0005660104 WKN: 566010 Indices: Listed: Amtlicher Markt in München, Stuttgart; Freiverkehr in Berlin-Bremen, Hamburg, Düsseldorf; Open Market in Frankfurt End of News DGAP News-Service —————————————————————————