EUWAX AG — Earnings Release 2006

Feb 27, 2007

News Details

Ad-hoc | 27 February 2007 12:29

EUWAX AG:Preliminary group net profit (IFRS) 2006: 21.6 mln. € (+36 %)

EUWAX AG / Preliminary 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.

---

Stuttgart, 27.02.2007

Preliminary group net profit (IFRS) 2006: 21.6 mln. € (+36 %)
EBT: 33.6 mln. € (+24 %)

Earnings per share: 4.20 € (+34 %)

EdW-reserve of 1.9 mln. € burdens at the end of the year

EUWAX group looks back to a very successful business year 2006. The final
quarter of the year was burdened by a special reserve, but confirmed the
sound business development. The earnings before tax climbed in relation to
2005 by 24 % to 33.6 mln. €. The group’s net profit advanced by 36 % to
21.6 mln. €. This includes special effects out of the capitalization of the
present value of corporate income tax credit (779 k€) and special expenses
of 1.9 mln. €. The related earnings per share came in at 4.20 €. Return on
equity was at 27 % and therewith clearly above the internal benchmark
(20 %).

Transactions (+28 % to 10.3 mln.) and orderbook turnover (+43 % to 110.7
bln. €) formed the basis for the earnings growth (+30 % to 68.6 mln. €) of
the EUWAX group.

Provision income climbed in 2006 by 38 % to 42.1 mln. €, whereas the
trading income only advanced by 12 % to 21.2 mln. €, due to the investor
friendly trading philosophy. Therewith the provision income has further
increased its dominant position in the earnings structure.

Expenditures soared in 2006 by 36 % to 34.9 mln. €. Not only the personnel
expenses (+31 %), which are in a strong correlation to the business
development, are responsible for this raise. Also the other administrative
expenses (+21 %) rose further and were stamped by the growing requirements
on the business model and the surging trading volume. In addition there was
a charge resulting out of special effects of 2.6 mln. €.

EUWAX group is threatened (with adequate likelihood) by special cost
allocations amounting to 1.9 mln. € through the indemnification institute
of the security trading companies (EdW), following the collapse of Phoenix
Kapitaldienst GmbH. The related reserve was set aside by the end of the
year.

Shareholders’ equity advanced in the course of 2006 by 20 % to 87.6 mln. €.
Cash-flow climbed in relation to 2005 markedly to 23.2 mln. € (+44 %). The
balance sheet of the group was strengthend further on a high level. The
self-financing power remained strong. The group appears to be well prepared
for the challenges of the future.

The new market model of the Boerse Stuttgart for the trading in derivative
products made a successful start with all issuers. With the new role as a
QLP (Quality Liquidity Provider) the EUWAX group consistently carries
forward its path of the last years, which is described by high innovation
and the concentration on customer value.

Although the intensive enhancements of the it-environment is associated
with heavy investments, the EUWAX group anticipates for the year 2007 a
business development in line with the second half of 2006. That implies a
continuation of the solid business operations.

Preliminary key figures (IFRS):

                                       2005  2006  cha-   q4     cha-
                                                   nge    2006   nge

Earnings per share EUR 3.13 4.20 34 % 0.87 0 %

Earnings mln. EUR 52.7 68.6 30 % 14.6 -2 %

Expenditures mln. EUR 25.7 34.9 36 % 10.0 38 %

EBT mln. EUR 27.0 33.6 24 % 4.6 -39 %

Tax mln. EUR 11.5 12.4 8 % 0.3 -90 %

Share of minorities at mln. EUR -0.4 -0.4 1 % -0.2 -115 %
the group`s profit

Group`s net profit mln. EUR 15.9 21.6 36 % 4.5 1 %

Cash-Flow mln. EUR 16.1 23.2 44 % 5.1 10 %

Shareholders Equity mln. EUR 73.2 87.6 20 % 87.6 20 %

Return on equity after tax % 23 27 16 % 21 -16 %

Thomas Krotz (CFO)

Phone: +49 (0)711 222989-360

eMail: investor.relations@euwax-ag.de

EUWAX Aktiengesellschaft

Börsenstr. 4

70174 Stuttgart

Germany

ISIN: DE 000 566 010 4

WKN: 566010

Listed: Amtlicher Markt in Stuttgart und München; Freiverkehr in Berlin-

Bremen, Düsseldorf, Frankfurt und Hamburg; Xetra®

End of the Ad-hoc-Announcement

DGAP 27.02.2007

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-ag.de
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

---