DGAP-News: Baader Bank AG: Good First Quarter of 2010 for Baader Bank
(firmenpresse) - Baader Bank AG / Quarter Results
27.04.2010 07:30
Dissemination of a Corporate News, transmitted by
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Unterschleissheim, 27 April 2010
Baader Bank AG, Germany's leading securities trading specialist, has made a
good start to the 2010 financial year generating net profits after tax of
EUR 3.8 million in the first quarter, up from EUR 2.1 million in the same
period last year. Profit from ordinary activities in Q1 2010 more than
doubled over that of the same quarter in 2009 to EUR 5.8 million (previous
year: EUR 2.6 million).
'The main driver of this performance was the recovery in equity volumes on
the German stock exchanges', said Mr Uto Baader, Chairman of the Board of
Directors of Baader Bank AG, ahead of the company's annual results press
conference in Munich. In Q1 2010 equity turnover on all German stock
exchanges rose by 17.5% to EUR 321.6 billion. In 2009 overall equity
turnover had fallen by almost half (-47.1%) compared to the previous year.
'We have benefited accordingly from this trend turnaround', said Baader,
whose bank manages trading of around 14,000 equity order books on five
German stock exchanges. This development is reflected by the 17.4% increase
in net fee and commission income to EUR 9.9 million as well as the 18.1%
rise in net trading income to EUR 17.0 million.
As at 31 March 2010 the Group's equity amounted to EUR 182.6 million (31
December 2009: EUR 177.6 million). The earnings per share figure in Q1 was
EUR 0.08 (Q1 2009: 0.05). Baader Bank reports in line with the
International Financial Reporting Standards (IFRS).
As at 31 March 2010 Group headcount at 353 was virtually the same as at
last year (31 March 2009: 352).
Key figures (EUR million) Q1 2010 Q1 2009With around 350 employees and a global network covering the world's most
Net fee and commission income 9.9 8.6
Net trading income 17.0 14.4
Administrative expenses -22.6 -22.1
Profit/loss from operations 5.6 0.8
Profits from ordinary activities 5.8 2.6
Earnings after taxes 3.8 2.1
important stock exchanges, Baader Bank AG, headquartered in
Unterschleissheim near Munich, is Germany's leading securities trading
specialist. In addition, the bank acts for institutional customers as a
provider of services in securities and other financial instruments such as
futures and options.
www.baaderbank.de; www.baadermarkets.de
Thomas Spengler, Head of Corporate Communications
Baader Bank Aktiengesellschaft, Postfach 1102, 85701 Unterschleissheim
Phone +49 89 5150-1030, fax +49 89 5150-291030, cell. +49 160 7188830
E-Mail: thomas.spengler(at)baaderbank.de
27.04.2010 07:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleissheim
Deutschland
Phone: +49 (0)89/ 5150-0
Fax: +49 (0)89/ 5150-291030
E-mail: info(at)Baaderbank.de
Internet: www.Baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Freiverkehr in Berlin, München, Hannover, Düsseldorf,
Stuttgart, Hamburg; Open Market in Frankfurt
End of News DGAP News-Service
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Datum: 27.04.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 19688
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