31.03.2016 Varengold Bank AG  DE0005479307

DGAP-News: Varengold Bank AG: Preliminary, unaudited figures 2015


 
Varengold Bank AG / Key word(s): Preliminary Results/Miscellaneous 31.03.2016 17:39 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hamburg, 31st March 2016 - For Varengold Bank AG (WKN 547930), the focus in fiscal year 2015 was on the restructuring of the bank, concentration on existing business areas and the associated development of long-term customer relationships, and the continuing operational optimisation of internal processes. In particular, the high losses are largely due to the delayed development of the Prime Brokerage business segment because of the high administrative expenses and the associated lack of use of customer deposits. The interest income earned by the bank fell from TEUR 1,995 in 2014 to TEUR 1,326 in 2015, while interest expenses rose due to newly acquired customer deposits, resulting in a negative interest surplus of -TEUR 2,408. The fall is primarily due to the change in the recognition of the result from currency conversion and the decline in interest earned from fixed-yield investment securities as a result of reduced holdings. Commission income remained stable year-on-year, yielding an amount of TEUR 5,243, while commission expenses doubled from TEUR 662 to TEUR 1,345. The net income from the trading portfolio raised from TEUR 8,670 to TEUR 11,117. The increase result in roughly equal parts from business activities in the Capital Markets Brokerage and Prime Brokerage segments. Extraordinary expenses in the amount of TEUR 7,407 were incurred in the fiscal year, which also include an amount of EUR 4 million paid to three former members of the bank's Board of Directors for the early termination of their employment contracts. The general administration expenses of the company rose by TEUR 8,234 to TEUR 21,012. The increase was significantly contributed by higher personnel expenses and consulting costs in the Prime Brokerage. Income from the ordinary business activities of Varengold Bank AG in the past financial year 2015 totalled -TEUR 5,868 (previous year: TEUR 530). This temporarily results in a net loss for the year of TEUR 13,267 (previous year: annual net profit of TEUR 209). The company has reinforced investment in the growth of the bank in the past in order to build a solid foundation in the long term. The cash inflows from the most recently implemented capital increases will be used in particular to further diversify the product portfolios of the two core business areas of Commercial Banking and Prime Brokerage. The bank will gradually shift its current focus in the Prime Brokerage segment from equity strategies to the other asset classes such as real estate and short-term receivables. In addition, the products in the Commercial Banking division will be expanded to include forfaiting. Letter of credit business and the associated issue of bank guarantees will also be further expanded, as will the Treasury. In the medium to long term, the aim continues to be to increase the company's equity through the retention of profits and the integration of additional investors. After a period of intense upheaval, the company now feels strategically and operationally well positioned to achieve stable development of Varengold Bank, which can continue to operate successfully with less risk in a marked environment characterised by challenges and volatility. Varengold Bank AG will publish its audited financial statements in June 2016. 31.03.2016 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: Varengold Bank AG Große Elbstraße 27 22767 Hamburg Germany Phone: +49 (0)40 / 668649-0 Fax: +49 (0)40 / 668649-49 E-mail: [email protected] Internet: www.varengold.de ISIN: DE0005479307 WKN: 547930 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 13,15 20,16 19,88 24,42 51,39 0,00 0,00
EBITDA1,2 0,56 2,28 3,59 1,86 21,40 0,00 0,00
EBITDA-Marge3 4,26 11,31 18,06 7,62 41,64 0,00
EBIT1,4 0,55 2,28 3,59 1,86 21,40 0,00 0,00
EBIT-Marge5 4,18 11,31 18,06 7,62 41,64 0,00 0,00
Jahresüberschuss1 0,02 0,52 1,62 1,72 17,17 20,00 0,00
Netto-Marge6 0,15 2,58 8,15 7,04 33,41 0,00 0,00
Cashflow1,7 0,20 0,52 2,55 9,12 17,28 0,00 0,00
Ergebnis je Aktie8 0,01 0,06 0,17 0,17 1,71 1,45 1,80
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - 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
©boersengefluester.de
Varengold Bank
WKN Kurs in € Einschätzung Börsenwert in Mio. €
547930 3,100 31,13
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
7,75 10,08 0,78 -4,68
KBV KCV KUV EV/EBITDA
0,56 1,80 0,61 15,57
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 24.08.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.04.2023 30.09.2024 - 28.06.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,47% 14,73% 0,65% -50,79%
    
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Finanzdienstleistungen , 547930 , VG8 , XETR:VG8