Baader Wertpapierhandelsbank AG / Half Year Results 16.07.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Baader Wertpapierhandelsbank AG, Unterschleissheim (Germany), has concluded Q2 2008 with a profit, despite increasingly difficult conditions on the international stock markets. From April to June of this year, Germanys leading securities trading bank generated net profit after taxes of EUR 0.5 million, down from EUR 5.3 million in the same period of the previous year. Profit for the first half of the year thus amounted to EUR 6.3 million (previous year: EUR 14.0 million). Profit from ordinary activities decreased to EUR 0.3 million in Q2 2008 (previous year: EUR 7.1 million). In Q2 2008 the uncertain situation on the capital markets was reflected in both net fee and commission income, which fell to EUR 8.8 million (previous year: EUR 11.5 million), and in net trading income, which declined to EUR 9,8 million (previous year: EUR 12.6 million). 'It is thanks to our diversification strategy that we are operating in the black despite the turbulent situation on the stock markets,' commented Uto Baader, Chairman of the Board of Directors. According to the Chairman, both the strict risk management and the Groups broad setup proved their worth in the crisis and helped to limit the impact of the general financial crisis on Baader. The company trades in all tradable financial instruments, such as equities, securitised derivatives, bonds, commodities, futures and options, as well as investment and hedge funds and is therefore widely diversified. In addition, Baader has developed high-quality complementary services in all areas of the securities business. 'Our strategy continues to be to broaden the Group by investing in our core business counter-cyclically and opening up new business areas that have an affinity to securities trading,' added Baader.<pre> H1 H1 Q2 Q2 Key figures (EUR million) 2008 2007 2008 2007 Net fee and commission income 18.9 25.2 8.8 11.5 Net trading income 25.9 29.8 9.8 12.6 Net income from available-for-sale financial instruments/net income from companies carried at equity 0.7 1.4 0.6 0.3 - - - - Administrative expenses 41.1 38.6 19.5 18.2 Profit from operations 4.8 18.2 -0.2 6.6 Profit from ordinary activities 5.7 18.9 0.3 7.1 Net profit after taxes 6.3 14.0 0.5 5.3</pre> At the end of the first half of the year, Baader managed 13,590 order books related to equities. Securitised derivatives such as warrants, certificates and ETFs accounted for 239,532 of these order books; bonds and participation certificates accounted for 10,795 and actively managed funds accounted for 2,322. In addition to this, a further 51,537 order books came from DBM Deutsche Börsenmakler GmbH, which merged with Baader Wertpapierhandelsbank AG on 16 June with retroactive effect to 1 January 2008. The Baader Group thus managed a total of 317,776 order books as at 30 June 2008, which corresponds to growth of 135% compared with the same period of the previous year. Contact: Thomas Spengler Head of Corporate Communications Baader Wertpapierhandelsbank AG Weihenstephaner Strasse 4 85716 Unterschleissheim Tel: +49 (0) 89 5150 1030 Mobile: +49 (0) 160 7188830 E-mail: Thomas.Spengler@Baaderbank.de http://www.Baaderbank.de DGAP 16.07.2008 --------------------------------------------------------------------------- Language: English Issuer: Baader Wertpapierhandelsbank AG Weihenstephaner Str. 4 85716 Unterschleissheim Deutschland Phone: +49 (0)89/ 5150-0 Fax: +49 (0)89/ 5150-1111 E-mail: Info@Baaderbank.de Internet: www.Baaderbank.de ISIN: DE0005088108 WKN: 508810 Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Stuttgart, München; Freiverkehr in Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Baader Wertpapierhandelsbank AG: Baader operates in the black despite financial crisis
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