Ad-hoc | 23 April 2007 16:20
EUWAX AG / Quarter 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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Stuttgart, 23.04.2007
EUWAX group reaches preliminary earnings per share (IFRS) in q1 2007 of
1.20 € (-8 %)
Group net profit by 6.2 mln. € (-7 %) and EBT at 10.1 mln. € (-6 %)
slightly below previous year
Carried by the growth in transactions (+12 % to 3.5 mln. transactions)
EUWAX group achieved a result on a solid level. Group net profit reached
6.2 mln. €, this means a 7 % decline to the time period of the previous
year. Despite the record trading volume (+50 % to 43.0 bln. €) the profit
of the group fall due to a 20 % decline in trading income. This drop is
conditional upon the investor friendly design of the services offered in
the segment Orderbook running & QLP-Services. Earnings per share came in at
1.20 € in q1, which is also slightly below (-8 %) the previous year. The
achieved number is well above the planning figures, which had set the
results of the second half of 2006 as a target.
Transaction volume showed a noticeable drive in comparison to q4 2006
(orders +47 %) and were carried by the trading in derivative products
(+49 % to 3.0 mln. orders) and were the base for the good quarterly profit
figures.
Earnings for q1 were located at 18.0 mln. €, which corresponds to a 7 %
decline to the previous year. Provision income missed the 2006 number by
3 % and reached 12.1 mln. €. This reduction resulted out of the attractive
conditions for issuers und investors in the new market model for derivative
products. Trading income, as the second pillar of earnings, fall short by
20 % to the previous year and achieved 4.7 mln. €. The importance of the
trading income for the EUWAX group is therewith further declining. This
reduction is rooted in the haunted strategy which aims to tie all customer
groups of EUWAX AG in the long-run through fair and attractive trading
practices.
In face of the continued and investment intensely advancement of the
trading model and volume related high variable trading expenditures, the
total expenditures in q1 fall by 9 % to 7.8 mln. €. Crucial for this drop
was in particular the fall in personal expenditures (-19 %). Return on
equity after tax was at 27 % in q1 and underscores the high profitability
of the EUWAX group.
Preliminary key figures (IFRS):
Q1 Q1 change
2006 2007
Earnings per share EUR 1.30 1.20 -8 %
Earnings mln. 19.4 18.0 -7 %
EUR
Expenditures mln. 8.6 7.8 -9 %
EUR
EBT mln. 10.8 10.1 -6 %
EUR
Tax mln. 4.2 4.2 0 %
EUR
Share of minority shareholders at the mln. 0.1 0.3 148 %
group`s profit EUR
Group`s net profit mln. 6.7 6.2 -7 %
EUR
Cash-Flow mln. 6.8 6.5 -4 %
EUR
Shareholders Equity mln. 87.5 94.6 8 %
EUR
Return on equity after tax % 35 27 -22 %
Thomas Krotz (CFO)
Phone: +49 (0)711 222989-360
eMail: investor.relations@euwax-ag.de
DGAP 23.04.2007
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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
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
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