EUWAX AG — Earnings Release 2007

Jul 18, 2007

News Details

Ad-hoc | 18 July 2007 19:15

EUWAX group reaches preliminary earnings per share (IFRS) of 2.35 € (-10 %) for the first six months in 2007

EUWAX AG / Half Year Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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EUWAX group reaches preliminary earnings per share (IFRS) of 2.35 € (-10 %)
for the first six months in 2007

Group net profit by 12.1 mln. € (-10 %) and EBT at 19.8 mln. € (-12 %)
below previous year

Based on the growth in transactions (+15 % to 6.8 mln. transactions) the
business development remained on a solid level in the first half of 2007.
The Group’s net profit reached 12.1 mln. €, this means a 10 % decline in
relation to the high base of the previous year. The trading reached a
record volume (+52 % to 88.0 bln. €). Though, the profit of the group fell
due to a 28 % decline in trading income. Our business was again backed by
the driving force of the trading in derivative products (+16 % to 6.0 mln.
orders, +62 % to 67.3 bln. € trading volume). Earnings per share came in at
2.35 € for the first six months, which is furthermore below (-10 %) the
previous year. However, the achieved number was well above the internal
planning figures. Return on equity after tax was at 26 % on a cumulated
base and continues to beat the internal benchmark.

Earnings for the first half of the year were located at 35.8 mln. €, which
corresponds to a 10 % decline to the previous year. Provision income was on
the level of 2006 and reached 23.4 mln. €. The attractive conditions for
issuers und investors in the new market model for derivative products
prevented a growth in provision income in correlation to transaction
volume, but helped to protect the competitive position. Trading income fell
short in q2 by 34 % to the previous year, and achieved 9.9 mln. € for the
first six months, which means an ongoing relative weakness. The importance
of the trading income for the EUWAX group is therewith further declining.

Despite the intense investment activity for the further developments, in
particular of the trading model for derivatives, volume related variable
trading expenditures and high costs for consulting and marketing, the total
expenditures in the first six months fell by 7 % to 16.0 mln. €. Crucial
for this drop was in particular the fall in personnel expenditures (-13 %).

Preliminary key figures (IFRS):

                                Q2     Ch-   Q1 + Q2  Q1 + Q2  Ch-
                                2007   ange  2006     2007     ange

Earnings per share EUR 1.15 -13% 2.62 2.35 -10%

Earnings kEUR 17,874 -11% 39,602 35,827 -10%

Expenditures (without tax) kEUR 8,203 -4% 17,183 16,042 -7%

EBT kEUR 9,671 -17% 22,419 19,785 -12%

Tax kEUR 3,914 -22% 9,209 8,117 -12%

Net profit kEUR 5,757 -13% 13,210 11,668 -12%

Share of minority shareholders kEUR 148 69% 193 410 112%
at the group`s profit
Group`s net profit kEUR 5,905 -12% 13,403 12,078 -10%

Cash Flow kEUR 6,260 -14% 14,089 12,772 -9%

Shareholders’ Equity kEUR 100,300 14% 87,910 100,300 14%

Return on equity after tax % 24 -24% 33 26 -23%

Thomas Krotz (CFO)

Phone: +49 (0)711 222989-360

eMail: investor.relations@euwax-ag.de
DGAP 18.07.2007

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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
Internet: www.euwax-ag.de
ISIN: DE0005660104
WKN: 566010
Indices:
Listed: Amtlicher Markt in München, Stuttgart; Freiverkehr in Berlin,
Hamburg, Düsseldorf; Open Market in Frankfurt

End of News DGAP News-Service

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