Ad-hoc | 21 April 2004 08:50

Baader Wp.-handelsbank AG: Preliminary consolidated earnings for Q1 2004 (IAS)

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ Preliminary consolidated earnings for Q1 2004 (IAS) Unterschleißheim, 21st April 2004 The profit from ordinary activities in Q1 2004 of Baader Wertpapierhandelsbank AG is EUR4.3 million compared to the loss EUR2,5 million in Q1 2003. This positive turn around is the result of the improved market environment as well as anticyclical consequential investments in core business segments of the Baader Wertpapierhandelsbank AG. The most noticeable improvements were seen in the build out of specialist activities in equities, derivates and fixed income areas in Frankfurt, the establishment of institutional fixed income agency business and the successful development of the Munich Stock Exchange’s “MAX-ONE” trading platform. Compared to the previous year ordinary earnings increased from EUR4.5 million to EUR15.9 million. Administrative expenses only increased to EUR2.4 million resulting in an improvement of EUR9 million to the profit from operations of EUR4,2 million. Net profit amounts to EUR3,0 million (previous year: EUR-2,8 million). At the balance sheet date, equity amounted to EUR110,9 million (31st Dec. 2003: EUR107,7 million). At the end of 1st quarter 2004 the Group had 182 employees (previous: 213). The Executive Board end of ad-hoc-announcement (c)DGAP 21.04.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Baader Wertpapierhandelsbank will continue to focus on increasing it’s market share in specialist activities as well as continue to concentrate on the continued build out of Institutional Equities and Fixed Income Agency business. Due to the current business environment the Board expects further positive developments in 2004 business results. The Board will be give more details of quarterly results at today’s press conference at 11:00 a.m. ************************* Published by: Baader Wertpapierhandelsbank AG Contact: Nico Baader Weihenstephaner Str. 4 85716 Unterschleissheim Tel. +49 (0)89/ 5150-1030 Fax. +49 (0)89/ 5150-2424 Nico.Baader@Baaderbank.de http://www.Baaderbank.de ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ WKN: 508810; ISIN: DE0005088108; Index: SDAX Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), München und Stuttgart; Freiverkehr in Düsseldorf, Hamburg und Hannover 210850 Apr 04