DGAP-News: comdirect: pre-tax profit of EUR 92.3m - 2.76 million customers - dividend proposal of 44 cents per share
(firmenpresse) - DGAP-News: comdirect bank AG / Key word(s): Final Results/Dividend
comdirect: pre-tax profit of EUR 92.3m - 2.76 million customers -
dividend proposal of 44 cents per share
19.02.2013 / 07:30
---------------------------------------------------------------------
comdirect: pre-tax profit of EUR 92.3m - 2.76 million customers - dividend
proposal of 44 cents per share
Quickborn/Frankfurt/Main, 19 February 2013. The comdirect group closed
financial year 2012 with pre-tax profit of EUR 92.3m (previous year: EUR
108.1m). 'We have achieved a strong result - a very strong one in fact,
given the market. We have invested, we have grown and we have reached our
ambitious profit target,' says Dr. Thorsten Reitmeyer, CEO of comdirect
bank AG. 'We intend to continue to grow in the current year and will invest
even more in performance and marketing to do so,' adds Reitmeyer.
The comdirect group generated income of EUR 329.0m (previous year: EUR
340.2m) in financial year 2012. Comparatively cautious trading activity on
the part of customers in a market environment with little volatility led to
a decrease in net commission income to EUR 166.4m (previous year: EUR
182.6m). Despite the sharp fall in market interest rates, at EUR 147.4m net
interest income after provisions is comparable with the previous year's
level (EUR 149.5m). This is due to lag effects from higher market interest
rates in the previous year. Other income includes an extraordinary effect
of EUR 4.9m, which stems from the further settlement of a tax appeal
proceeding dating back several years. Administrative expenses increased
slightly to EUR 236.7m (previous year: EUR 232.1m).
The shareholders are set to participate appropriately in comdirect's
positive development: a dividend of 44 cents per share (previous year: 56
cents) will be proposed to the annual general meeting. The total
distribution therefore stands at EUR 62.1m. Of this, EUR 11.2m is to be
transferred to retained earnings in order to strengthen equity with a view
to further growth.
At the year-end, the total number of customers in the comdirect group stood
at 2.76 million and total assets under custody amounted to EUR 48.85bn. In
the B2C business line (comdirect bank AG) the number of customers increased
in 2012 by 84 thousand to 1.72 million. In the same period, assets under
custody rose from EUR 24.90bn to EUR 27.91bn. 901 thousand customers had a
current account, which is a rise of 127 thousand. The number of Tagesgeld
PLUS ('call money plus') accounts increased by 109 thousand to 1.34 million
and the number of custody accounts by 23 thousand to 806 thousand. In the
B2B business line (ebase GmbH), the number of customers serviced climbed by
40 thousand to 1.04 million in 2012. Assets under custody rose to EUR
20.95bn (year-end 2011: EUR 16.69bn).
The full annual report will be published on 26 March 2013. The figures in
this press release are unaudited.
Overview
EUR'000 Q1/12 Q2/12 Q3/12 Q4/12
Net interest income
after provisions 41,892 36,770 33,993 34,716
Net commission income 44,171 39,355 41,730 41,160
Other income 2,680 958 4,4237,140
Administrative
expenses 59,506 53,214 60,413 63,569
Pre-tax profit 29,237 23,869 19,733 19,447
After-tax profit 22,062 17,496 14,374 19,426
EUR'000 2011 2012 2012 vs.Length: 2,502 characters including spaces (excluding table)
2011
Net interest income
after provisions 149,516 147,371 -1.4 %
Net commission income 182,585 166,416 -8.9 %
Other income 8,049 15,201 88.9 %
Administrative
expenses 232,074 236,702 2.0 %
Pre-tax profit 108,076 92,286 -14.6 %
After-tax profit 111,763 73,358 -34.4%
For further information on this press release, please contact:
Johannes Friedemann, Tel. +49 (0) 41 06/704-1340,
Annette Siragusano, Tel. +49 (0) 41 06/704-1960,
comdirect bank AG, Pascalkehre 15, D-25451 Quickborn
e-mail presse(at)comdirect.de
Press information:
Up-to-date images for the press conference on 19 February are available
from 3 p.m. onwards at www.comdirect.de/bildmaterial. All press releases
are available at www.comdirect.de/presse. If you no longer wish to receive
this information, please send an e-mail to presse(at)comdirect.de.
End of Corporate News
---------------------------------------------------------------------
19.02.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: comdirect bank AG
Pascalkehre 15
25451 Quickborn
Germany
Phone: + 49 (0) 4106/704-0
Fax: + 49 (0) 4106/708-2580
E-mail: info(at)comdirect.de
Internet: www.comdirect.de
ISIN: DE0005428007
WKN: 542800
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
201646 19.02.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 19.02.2013 - 07:30 Uhr
Sprache: Deutsch
News-ID 230485
Anzahl Zeichen: 7803
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 237 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: comdirect: pre-tax profit of EUR 92.3m - 2.76 million customers - dividend proposal of 44 cents per share"
steht unter der journalistisch-redaktionellen Verantwortung von
comdirect bank AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
