Ad-hoc | 13 October 2003 15:28

Baader Wp.handelsbank AG english

Preliminary consolidated earnings for Q3 2003 (IAS) Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Preliminary consolidated earnings for Q3 2003 (IAS) Unterschleissheim, October 13, 2003 Despite the impact of the integration and consolidation of Spütz Börsenservice GmbH, Baader Wertpapierhandelsbank AG realised profit from ordinary activities of EUR1.0 million (previous year: EUR-11.2 million) in Q3 2003. Compared with the first nine months 2002 (loss from ordinary activities: EUR-35.9 million), earnings increased significantly in the first nine months 2003 to EUR0.5 million. At the balance sheet date, equity amounted to EUR105.8 million. Baader Wertpapierhandelsbank AG sold its interest in Mox Telecom AG to the management and the co-investor in Q3 2003. At the balance sheet date, the Group had 178 employees (previous year: 199). The Executive Board end of ad-hoc-announcement (c)DGAP 13.10.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Notes: In 2003, Baader Wertpapierhandelsbank will continue to focus on increasing its market share in share and derivatives trading and establishing its bond trading business. The acquisitions made in the first nine months of fiscal year 2003 are testimony to this. Despite the still 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/ 5150-2424 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 131528 Okt 03