Ad-hoc | 14 July 2003 10:33

Baader Wp.handelsbank AG english

Preliminary consolidated earnings for Q2 2003 (IAS) Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Preliminary consolidated earnings for Q2 2003 (IAS) Unterschleissheim, July 14, 2003 In Q2 2003, Baader Wertpapierhandelsbank AG increased its profit from ordinary activities to EUR2.1 million (previous year: EUR-22.9 million), despite the impact of the integration of Gebhard & Schuster Wertpapierhandelshaus AG and Spütz Börsenservice GmbH. Compared with H1 2002 (loss from ordinary activities: EUR-24.7 million), earnings increased significantly in H1 2003 to EUR-0.4 million. At the balance sheet date, equity amounted to EUR104.8 million. Baader Wertpapierhandelsbank AG sold its majority interest in the clothing company Windsurfing Chiemsee to a strategic investor in Q2 2003. At the balance sheet date, the Group had 193 employees (previous year: 206). The Executive Board end of ad-hoc-announcement (c)DGAP 14.07.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: In 2003, Baader Wertpapierhandelsbank will continue to focus on increasing its market share in share trading and establishing its bond and derivatives trading business. The acquisitions made in the first six months of fiscal year 2003 are testimony to this. Despite the difficult market environment, the Executive Board expects earnings to increase substantially in fiscal year 2003. ************************* Issued by: Baader Wertpapierhandelsbank AG Contact: Nico Baader Weihenstephaner Str. 4 85716 Unterschleissheim Germany Tel. +49 (0)89/ 5150-1030 Fax +49 (0)89/ 5150-1111 Nico.Baader@Baaderbank.de www.Baaderbank.de ——————————————————————————– WKN: 508810; ISIN: DE0005088108; Index: Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), München und Stuttgart; Freiverkehr in Düsseldorf, Hamburg und Hannover 141033 Jul 03