Ad-hoc | 23 July 2009 09:30
Baader Bank AG / Half Year Results/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 Bank AG: Preliminary consolidated net profit for Q2 2009 in accordance with IFRSs Unterschleissheim (Germany), 23 July 2009 Baader Bank AG, which is based in Unterschleissheim (Germany), is making good progress despite the financial crisis. Buoyed by the positive tendencies of the market in the months from April to June 2009, Germany's leading specialist in securities trading significantly strengthened its earnings in the second quarter of 2009, generating net profit after taxes of EUR 6.9 million in the reporting period compared to EUR 0.5 million in the same period of the previous year. It thus generated a post-tax profit of EUR 9.0 million (previous year: EUR 6.3 million) in the first half of the year. Profit from ordinary activities amounted to EUR 8.0 million in the second quarter of this year (previous year: EUR 0.3 million). At EUR 8.7 million, net fee and commission income remained at the previous year's level (second quarter of 2008: EUR 8.8 million) whilst Baader Bank's net trading income grew considerably to EUR 23.3 million (previous year: EUR 9.6 million). As at 30 June 2009, the Group's equity amounted to EUR 170.0 million (31 December 2008: EUR 160.2 million). Earnings per share amounted to EUR 0.20 in the first half of the year, up from EUR 0.14 in the same period of the previous year. As at 30 June 2009, the Group had 350 employees (30 June 2008: 318).Key figures (EUR million) HY1 2009 HY1 2008 Q2 2009 Q2 2008 Net fee and commission income 17.3 18.9 8.7 8.8 Net trading income 37.7 25.7 23.3 9.6 Administrative expenses - 46.1 - 41.1 - 24.0 - 19.5 Profit from operations 9.1 4.8 8.3 - 0.2 Profit from ordinary activities 10.6 5.7 8.0 0.3 Net profit after taxes 9.0 6.3 6.9 0.5The 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 5150-291030 Thomas.Spengler@Baaderbank.de www.Baaderbank.de 23.07.2009 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, Düsseldorf, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------