Varengold Bank AG

Earnings Release • Jan 29, 2020

News Details

Ad-hoc | 29 January 2020 18:41

Varengold Bank AG: EBIT above plan

Varengold Bank AG / Key word(s): Results Forecast/Annual Results

Varengold Bank AG: EBIT above plan

29-Jan-2020 / 18:41 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Hamburg, 29 January 2020 – Current year-end procedures show that Varengold Bank AG (symbol: VG8) has successfully implemented its planned business targets for 2019, presumably resulting in earnings before interest and taxes in the amount of EUR 3.6 million as central financial performance indicator. The bank thus exceeds the upper end of its previous forecast of EUR 3.2 million by around 12.5%.

The result is preliminary and unaudited. The bank will publish the audited annual financial statements in June 2020.

Dr. Bernhard Fuhrmann

Management Board

Frank Otten

Management Board

Contact:

Ms. Sanja Schultz-Szabo (Head of Corporate Development)

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29-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Varengold Bank AG
	Große Elbstraße 14
	22767 Hamburg
	Germany
Phone:	+49 (0)40 / 668649-0
Fax:	+49 (0)40 / 668649-49
E-mail:	investorrelations@varengold.de
Internet:	www.varengold.de
ISIN:	DE0005479307
WKN:	547930
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart
EQS News ID:	963525

End of Announcement	DGAP News Service