Ad-hoc | 16 July 2007 14:39
Baader Wertpapierhandelsbank AG / Half Year 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. ---------------------------------------------------------------------- Baader Wertpapierhandelsbank AG: Preliminary consolidated earnings for Q2 2007 (IFRS) – Increase in income from ordinary activities by 45% versus Q2 2006 Unterschleissheim, 16th July 2007 Due to positive sentiment on the capital markets, in the second quarter of 2007, Baader Wertpapierhandelsbank AG earned an increase in income from ordinary activities by 45% to EUR 7.1 million after EUR 4.9 million in the equivalent period of the previous year. In the second quarter of 2007 Baader Wertpapierhandelsbank AG improved its net commission income year-on-year by 20% to EUR 11.5 million. Net trading income increased by 18% to EUR 12.6 million. On the other hand, administrative expenses moved up by only 11% to EUR 18.2 million. The income from ordinary activities amounts to EUR18.9 million in the first half year (previous year: EUR23.2 million). The figures of half year 2006 contained earnings from sales of available-for-sale holdings of EUR4.9 million. Without this special item the result is at a higher level as last year. Shareholders’ equity as of June 30, 2007 was EUR157.4 million (December 31, 2006: EUR152.6 million). Earnings per share were EUR0.31 on the reporting date (previous year: EUR0.38). The Group employed a total of 289 people (previous year: 250 employees).Figures in EUR million H1 2007 H1 2006 Q2 2007 Q2 2006 Net fee and commission income 25.2 19.6 11.5 9.6 Net trading income 29.8 30.7 12.6 10.6 Administrative expenses -38.6 -33.7 -18.2 -16.4 Profit from operations 18.2 22.3 6.6 4.3 Income from ordinary activities 18.9 23.2 7.1 4.9 Net profit 14.0 17.0 5.3 3.7The Executive Board ************************* Published by: Baader Wertpapierhandelsbank AG Contact: Nico Baader Weihenstephaner Str. 4 85716 Unterschleissheim Germany Phone +49 (0)89/ 5150-1030 Fax +49 (0)89/ 5150-2424 Nico.Baader@Baaderbank.de www.Baaderbank.de Published by: Baader Wertpapierhandelsbank AG Contact: Nico Baader Weihenstephaner Str. 4 85716 Unterschleissheim Germany Phone +49 (0)89/ 5150-1030 Fax +49 (0)89/ 5150-2424 Nico.Baader@Baaderbank.de www.Baaderbank.de DGAP 16.07.2007 ---------------------------------------------------------------------- Language: English Issuer: Baader Wertpapierhandelsbank AG Weihenstephaner Str. 4 85716 Unterschleissheim Deutschland Phone: +49 (0)89/ 5150-0 Fax: +49 (0)89/ 5150-1111 E-mail: Info@Baaderbank.de Internet: www.Baaderbank.de ISIN: DE0005088108 WKN: 508810 Indices: Listed: Amtlicher Markt in Berlin, Frankfurt (Prime Standard), Stuttgart, München; Freiverkehr in Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------