20.03.2015 Baader Bank AG  DE0005088108

DGAP-News: Baader Bank AG: Baader Bank increases net trading income and net fee and commission income


 
DGAP-News: Baader Bank AG / Key word(s): Preliminary Results Baader Bank AG: Baader Bank increases net trading income and net fee and commission income 20.03.2015 / 07:40 --------------------------------------------------------------------- Baader Bank increases net trading income and net fee and commission income Based on preliminary figures, Baader Bank Group achieved a small operating profit of EUR 0.2 million for 2014 (2013: EUR 1.5 million). The group posted a net loss after taxes of EUR 1.5 million (2013: net loss of EUR 0.2 million). Both net trading and net fee and commission income were higher compared with the previous year. In contrast, the costs of closing the Inter Dealer Brokerage Fixed Income segment, higher administrative expenses, lower net interest income, write-downs on equity investments as well as acquisition-related integration expenses, all had an adverse effect on earnings. On 22 June 2015, at the General Meeting of Shareholders of Baader Bank for the financial year 2014, shareholders will be asked to approve an unchanged dividend of EUR 0.01. Market Making continued to grow in the past financial year. Despite a slight reduction in the number of shares traded on Germany's regional stock exchanges, net trading income increased by 2.6 per cent to EUR 43.7 million (2013: EUR 42.6 million). Baader Bank Group also posted further growth in Investment Banking, primarily through expanding the institutional customer business and successfully supporting numerous capital market transactions. Net fee and commission income rose by EUR 2.9 million to EUR 52.4 million (2013: EUR 49.5 million). Among the subsidiaries, Baader & Heins Capital Management AG performed particularly well. The integration of Helvea Group was successful, but it incurred start-up losses, as expected. Although Conservative Concept Portfolio Management AG considerably increased assets under management, its net fee and commission income declined. At EUR 1.3 million, net interest income was markedly lower compared with the previous year's result of EUR 4.5 million due to the current low interest rates and portfolio reallocations. Administrative expenses were higher at EUR 112.0 million (2013: EUR 105.4 million) because of increased regulatory requirements, restructuring and the integration of Helvea Group. As of 31 December 2014, Baader Bank Group employed 480 members of staff (31 December 2013: 473). Taking into account the fund for general banking risks, equity at the yearend amounted to EUR 132.0 million (31 December 2013: EUR 135.4 million). The group's equity ratio stood at 16.4 per cent (31 December 2013: 17.8 per cent). The fund for general banking risks decreased because of a release totalling EUR 1.9 million and amounted to EUR 23.3 million on 31 December 2014 (31 December 2013: EUR 25.2 million). Baader Bank Group's total assets rose to EUR 663.3 million (31 December 2013: EUR 617.9 million). Prospects Baader Bank Group anticipates another considerable increase in net trading income during the current financial year 2015, primarily because of the pickup in trading volumes on the markets. It also expects higher net fee and commission income in its existing business. This growth, however, is not yet sufficient to offset fully the lack of net fee and commission income from the Inter Dealer Brokerage Fixed Income segment, which was wound up in 2014. Following the successful integration of Helvea, administrative expenses are expected to be around the level of the previous year, despite the increasing burden of regulatory requirements.

Key figures in EUR million                    2014                  2013

Net interest income                           1.3                   4.5

Current income                                1.9                   1.7

Net fee and commission income                 52.4                  49.5

Net trading income                            43.7                  42.6

Administrative expenses                       -112.0                -105.4

Other income/expenses                         13.9                  4.1

Risk provisions                               -1.0                  4.5

Operating profit                              0.2                   1.5

Net loss after taxes                          -1.5                  -0.2

Equity                                        108.8                 110.2

Fund for general banking risks                23.3                  25.2

Eigenkapitalquote                             16.4%                 17.8%



--------------------------------------------------------------------- 20.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: Baader Bank AG Weihenstephaner Str. 4 85716 Unterschleißheim Germany Phone: +49 89 5150 1882 Fax: +49 89 5150 29 1880 E-mail: [email protected] Internet: www.baaderbank.de ISIN: DE0005088108 WKN: 508810 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich (m:access), Stuttgart; Open Market in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 335379 20.03.2015


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 121,32 98,12 104,34 212,66 215,48 146,58 170,80
EBITDA1,2 7,65 -14,22 3,20 92,68 79,65 23,31 4,00
EBITDA-Marge3 6,31 -14,49 3,07 43,58 36,96 15,90
EBIT1,4 7,65 -14,22 -8,02 81,53 70,54 12,18 4,00
EBIT-Marge5 6,31 -14,49 -7,69 38,34 32,74 8,31 2,34
Jahresüberschuss1 2,28 -21,02 -0,41 46,84 46,80 8,88 2,80
Netto-Marge6 1,88 -21,42 -0,39 22,03 21,72 6,06 1,64
Cashflow1,7 147,38 -1,78 31,24 130,40 897,08 366,37 0,00
Ergebnis je Aktie8 0,05 -0,46 -0,01 1,01 1,00 0,18 0,06
Dividende8 0,00 0,00 0,00 0,25 0,35 0,05 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
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Baader Bank
WKN Kurs in € Einschätzung Börsenwert in Mio. €
508810 3,360 Kaufen 156,87
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,00 19,57 0,82 18,98
KBV KCV KUV EV/EBITDA
0,97 0,43 0,92 39,22
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,05 0,00 0,00 04.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.04.2024 25.07.2024 26.10.2023 23.05.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,50% -2,33% -0,30% -7,69%
    
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