DGAP-Adhoc: Baader Bank AG: Provisional consolidated net profit for Q3 2008 in accordance with IFRSs

Baader Bank AG / Quarter Results

15.10.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Baader Bank AG:

Provisional consolidated net profit for Q3 2008 in accordance with IFRSs

Unterschleissheim (Germany), 15 October 2008

The earnings performance of Baader Bank AG, Unterschleissheim, was strongly
influenced in Q3 by the turbulence caused by the international financial
crisis. As a result, profit from ordinary activities between July and
September sank to a loss of EUR -2.2 million (after a EUR 9.5 million
profit in the comparable period of the previous year). The net profit after
taxes declined during the reporting period to a loss of EUR -3.3 million
(previous year: EUR 7.1 million).

In the first nine months of 2008, Baader Bank AG has thus generated a
profit from ordinary activities of EUR 3.4 million (previous year: EUR 28.4
million). Between January and September of this year, net profit after
taxes amounted to EUR 3.0 million (EUR 21.0 million).

Equity amounted to EUR 154.2 million as at 30 September 2008 (31 December
2007: EUR 165.4 million). In the first nine months of this year, earnings
per share amounted to EUR 0.07 (comparable period of the previous year: EUR
0.46). The Group had 329 employees as at 30 September 2008 (30 September
2007: 292 employees).<pre>

Key figures (EUR       Jan 1 – Sept    Jan 1 – Sept          Q3      Q3
million)                    30 2008         30 2007        2008    2007
Net fee and
commission income              28.4            36.7         9.6    11.5
Net trading income             33.2            41.9         7.3    12.1
Administrative
expenses                     - 62.3           -57.7       - 21.3  -19.1
Profit from
operations                    - 5.4            27.5       - 10.2    9.3
Profit from ordinary
activities                      3.4            28.4       - 2.2     9.5
Net profit after
taxes                           3.0            21.0       - 3.3     7.1</pre>

The Board of Directors

*************************

Publisher:

Baader Bank AG

Contact: Thomas Spengler

Weihenstephaner Str. 4

85716 Unterschleissheim
Germany

Tel. +49 (0) 89 5150-1030

Fax +49 (0) 89/ 5150-2424

Thomas.Spengler@Baaderbank.de

www.Baaderbank.de
DGAP 15.10.2008 
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Language:     English
Issuer:       Baader Bank AG
              Weihenstephaner Str. 4
              85716 Unterschleissheim
              Deutschland
Phone:        +49 (0)89/ 5150-0
Fax:          +49 (0)89/ 5150-2423
E-mail:       Info@Baaderbank.de
Internet:     www.Baaderbank.de
ISIN:         DE0005088108
WKN:          508810
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              München, Stuttgart; Freiverkehr in Hannover, Hamburg,
              Düsseldorf
End of News                                     DGAP News-Service
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