Ad-hoc | 15 October 2008 16:17
Baader Bank 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. ---------------------------------------------------------------------- Baader Bank AG: Provisional consolidated net profit for Q3 2008 in accordance with IFRSs Unterschleissheim (Germany), 15 October 2008 The earnings performance of Baader Bank AG, Unterschleissheim, was strongly influenced in Q3 by the turbulence caused by the international financial crisis. As a result, profit from ordinary activities between July and September sank to a loss of EUR -2.2 million (after a EUR 9.5 million profit in the comparable period of the previous year). The net profit after taxes declined during the reporting period to a loss of EUR -3.3 million (previous year: EUR 7.1 million). In the first nine months of 2008, Baader Bank AG has thus generated a profit from ordinary activities of EUR 3.4 million (previous year: EUR 28.4 million). Between January and September of this year, net profit after taxes amounted to EUR 3.0 million (EUR 21.0 million). Equity amounted to EUR 154.2 million as at 30 September 2008 (31 December 2007: EUR 165.4 million). In the first nine months of this year, earnings per share amounted to EUR 0.07 (comparable period of the previous year: EUR 0.46). The Group had 329 employees as at 30 September 2008 (30 September 2007: 292 employees).Key figures (EUR Jan 1 – Sept Jan 1 – Sept Q3 Q3 million) 30 2008 30 2007 2008 2007 Net fee and commission income 28.4 36.7 9.6 11.5 Net trading income 33.2 41.9 7.3 12.1 Administrative expenses - 62.3 -57.7 - 21.3 -19.1 Profit from operations - 5.4 27.5 - 10.2 9.3 Profit from ordinary activities 3.4 28.4 - 2.2 9.5 Net profit after taxes 3.0 21.0 - 3.3 7.1The Board of Directors ************************* Publisher: Baader Bank AG Contact: Thomas Spengler Weihenstephaner Str. 4 85716 Unterschleissheim Germany Tel. +49 (0) 89 5150-1030 Fax +49 (0) 89/ 5150-2424 Thomas.Spengler@Baaderbank.de www.Baaderbank.de 15.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Baader Bank AG Weihenstephaner Str. 4 85716 Unterschleissheim Deutschland Phone: +49 (0)89/ 5150-0 Fax: +49 (0)89/ 5150-2423 E-mail: Info@Baaderbank.de Internet: www.Baaderbank.de ISIN: DE0005088108 WKN: 508810 Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), München, Stuttgart; Freiverkehr in Hannover, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------