Accountants &business advisers
Accountants &Baader Bank AG / Key word(s): Change in Forecast
Based on preliminary figures, Baader Bank achieves slightly positive result in the third quarter and adjusts earnings expectations for 2022 All data is based on provisional and unaudited consolidated figures In a very challenging market environment, Baader Bank recorded a positive result of EUR 1.0 million before taxes for the third quarter. The nine-month earnings for the Group amount to EUR 12.0 million with an annualized return on equity of 7.0 %. For the first nine months of the current fiscal year, Baader Bank Group's total income is around EUR 123 million, while expenses total EUR 111 million.
In relation to the earnings forecast for the full year 2022, our base case assumption for a more significant market revival in the second half of 2022 was unfortunately not confirmed in the third quarter. As a result, Baader Bank Group's earnings development lies in the lower range of the earnings forecast for 2022 published with the previous year's figures. Should there be a revival of the market in the fourth quarter, the Board of Directors of Baader Bank expects a slightly positive pre-tax result for the final quarter of 2022. Earnings before taxes are consequently expected to range between EUR 12.0 million and EUR 15.0 million for the full year. It should be noted that the Board of Directors believes that given unforeseeable and external factors, reliable forecasts of business development can only be made subject to certain limitations. The final nine-month figures will be announced as scheduled on 27 October 2022.
For further information and media enquiries: Marlene Constanze Hartz Senior Manager Group Communication T +49 89 5150 1013
Baader Bank AG Weihenstephaner Strasse 4 85716 Unterschleissheim, Germany
14-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Baader Bank AG |
| Weihenstephaner Str. 4 | |
| 85716 Unterschleissheim | |
| Germany | |
| Phone: | +49 89 5150 1013 |
| Fax: | +49 89 5150 1111 |
| E-mail: | communications@baaderbank.de |
| Internet: | www.baaderbank.de |
| ISIN: | DE0005088108 |
| WKN: | 508810 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1463555 |
| End of Announcement | EQS News Service |
Dear shareholders of Baader Bank,
The financial reports are made available exclusively as electronic documents in PDF format. This decision was prompted primarily by the issue of sustainability. As fewer printed reports are needed each year and the largest number remain unnoticed in storage, we have decided to take this step. We hope for your understanding!
Of course, you can register for our press releases by e-mail at any time.
Marlene Constanze Hartz
IR-Contact
T +49 89 5150 1044
| 10/25/2024 | Separate combined non-financial report 2023 | EN |
| 07/25/2024 | Semi-Annual Report 2024 | EN |
| 05/23/2024 | Annual Report of Baader Bank Group 2023 | EN |
| 07/27/2023 | Semi-Annual Report 2023 | EN |
| 05/31/2023 | Annual Report of Baader Bank Group 2022 | EN |
| 07/28/2022 | Semi-Annual Report 2022 | EN |
| 06/13/2022 | Annual Report of Baader Bank Group 2021 | EN |