mwb Wertpapierhandelsbank AG / Half Year Results 24.07.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Gräfelfing/Munich, July 24, 2008. In spite of the continued decline of the stock markets in the first half of 2008, mwb Wertpapierhandelsbank AG attained earnings from ordinary activities in the amount of EUR 793 thousand (previous year EUR 2,106 thousand). Net income for the first half of the year totals EUR 384 thousand (previous year EUR 1,946 thousand). For the first time FAIRTRADE FINANCE AG is being included in the consolidated financial statements. For this reason, a comparison with the same period last year is of limited value only. Against a background of dramatic declines in turnover, mwb Wertpapierhandelsbank AG was able to hold its ground and attained commission income in the first half of 2008 of EUR 3,190 thousand (previous year EUR 2,207 thousand) and trading profits of EUR 5,403 thousand (previous year EUR 3,750 thousand). Profit from financial assets totals EUR 533 thousand (previous year EUR 479 thousand). Consistent with the groups increasing size, general administrative expenses rose to EUR 8,741 thousand (previous year EUR 4,693 thousand). Personnel expenses amounted to EUR 3,384 thousand (previous year EUR 1,565 thousand). As of June 30, 2008, employee numbers totalled 65 compared to 35 at the close of the same quarter in the preceding year. Other administrative expenses amounted to EUR 5,357 thousand (previous year EUR 3,128 thousand). The equity and liquidity situation of the enlarged mwb group is most satisfying. According to the provisions of the IFRS, acquisition costs in the amount of 14.6 million are to be allocated to the business combination with Fairtrade Finance AG. These result from the number of mwbs shares contributed in the course of the business combination multiplied by the share price on the day of registration of the capital increase. The difference between the acquisition costs and the value of Fairtrade Finance AGs equity under IFRS as at April 30, 2008 results in an increase of 7.2 million in mwbs assets in its consolidated financial statements. The extent to which this difference is to be allocated to hidden reserves in the reported assets of Fairtrade Finance AG, intangible assets that have not previously been reported, and goodwill will be determined in accordance with the forthcoming purchase price allocation pursuant to IFRS 3 currently being carried out. The results of this are not yet available. The purchase price allocation may therefore result in changes to the amount of the difference. Equity reached EUR 31,182 thousand as compared to EUR 17,542 thousand at the close of 2007. Liquidity the balance of receivables from and liabilities to banks amounted to EUR 17,514 thousand (at December 31, 2007: EUR 7,097 thousand). Contact: mwb Wertpapierhandelsbank AG Thomas Posovatz Rottenbucher Straße 28 82166 Gräfelfing Tel.: 089/85 85 2-500 Fax: 089/85 85 2-505 E-Mail: investor-relations@mwb.de DGAP 24.07.2008 --------------------------------------------------------------------------- Language: English Issuer: mwb Wertpapierhandelsbank AG Rottenbucher Straße 28 82166 Gräfelfing Deutschland Phone: +49 (0)89 858 52-305 Fax: +49 (0)89 858 52-5 05 E-mail: investor-relations@mwb.de Internet: www.mwb.de ISIN: DE0006656101 WKN: 665610 Indices: CDAX, PRIMEALL, CLASSICALLSHARE Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), München; Freiverkehr in Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: mwb Wertpapierhandelsbank AG:Provisional consolidated results (IFRS) for the first half of 2008 Positive results despite perceptibly weakened stock markets
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