Ad-hoc | 25 October 2007 13:31
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, 25.10.2007
Preliminary earnings per share (IFRS) for the first nine months 2007 of
3.75 € exceed previous year by 12 %
Group`s net profit for the third quarter reaches 7.2 mln. € ( +94 %)
EUWAX group successfully benefited of the friendly market environment in
the third quarter and business development continued to show a strong
performance of the first half of the year. Trading volume expanded to
134.9 bln. € according to an increasing order volume on a cumulated base of
about 28 % up to 10.2 mln. orders.
EUWAX group accumulated the EBT by 8 % to 31.3 mln. €. The group`s net
profit came in at 19.3 mln. € and outperformed the high standard of the
previous year by 13 %. Preliminary earnings per share for the first three
quarters obtained 3.75 € (+ 12 %), accreted by the best quarterly result of
EUWAX group ever of 1.40 € per share for the expired quarter. Return on
equity after tax was at 28 % on a cumulated base, well above the internal
benchmark of 20 %.
Earnings for the first nine months enhanced to 55.5 mln. € (+3 %). Main
driver of the growth was again a strong provisional income of 36.6 mln. €
(+15 %). In contrast to the favourable development of the provision income,
trading income achieved 15.1 mln. € and failed the preceding year about
17 %. The downturn in trading income is the direct consequence of the
strategic decisions taken up in our market model. The driving force of the
good operational development was again trading in derivative products with
an order volume of 9.0 mln. €, outnumbering the last years period by 29 %
on an accumulated base.
In contrast, expenditures without tax retreated to 24.2 mln. € (3 %). In
particular, variable administrative expenses were responsible for the
regression, driven by a sharp downturn in transaction fees resulting out of
the new market model.
At the end of the past quarter, transaction environment turned out to be
weaker than the advancing share prices at the exchanges seemed to be.
Consistently, the fourth quarter started with softly worsened market
conditions. Should a significant number of market participants continue to
retain their positions at the sidelines, the company`s strong operative
results shown in the present course of the year may turn out to be an
ambitioned hurdle to take.
Preliminary key figures (IFRS):
Q3 Ch- Q1 – Q3 Q1 – Q3 Ch-
2007 ange 2006 2007 ange
Earnings per share EUR 1.40 94 % 3.33 3.75 12 %
Earnings kEUR 19,687 37 % 53,958 55,515 3 %
Expenditures (without tax) kEUR 8,182 5 % 24,961 24,223 -3 %
EBT kEUR 11,505 75 % 28,998 31,291 8 %
Tax kEUR 4,408 51 % 12,124 12,525 3 %
Net profit kEUR 7,097 94 % 16,873 18,767 11 %
Share of minority kEUR 118 140 % 242 528 118 %
shareholders at the group`s
profit
Group`s net profit kEUR 7,215 94 % 17,115 19,295 13 %
Cash Flow kEUR 7,695 94 % 18,057 20,468 13 %
Shareholders’ Equity kEUR 96,060 15 % 83,327 96,060 15 %
Return on equity after tax % 31 80 % 28 28 -1 %
Orders kpie 3,373 64 % 7,955 10,173 28 %
ces
Trading volume mEUR 46,907 120 % 79,172 134,924 70 %
Sponsored Securities piec 243,910 108 % 117,228 243,910 108 %
es
Thomas Krotz (CFO)
Phone: +49 (0)711 222989-360
eMail: investor.relations@euwax-ag.de
25.10.2007 Financial News transmitted by DGAP
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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
Listed: Amtlicher Markt in München, Stuttgart; Freiverkehr in Berlin,
Hamburg, Düsseldorf; Open Market in Frankfurt
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