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

Baader Bank AG / Final Results/Final Results

25.02.2009 

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:

preliminary consolidated net profit for 2008 in accordance with IFRSs

Unterschleissheim (Germany), 25 February 2009

Thanks to its broad-based positioning, Baader Bank AG concluded financial
year 2008 with a profit, despite extremely difficult conditions on the
international capital markets.

Germany's leading specialist in securities trading generated profits of EUR
11.6 million (previous year EUR 34.9 million) from ordinary activities in
the year under review. Net profit after taxes amounted to EUR 8.6 million
(previous year: EUR 28.6 million), equating to earnings per share of EUR
0.19 (previous year: EUR 0.63).

In 2008, net fee and commission income amounted to EUR 39.0 million
(previous year: EUR 46.5 million) whilst net trading income rose to EUR
59.3 million (previous year: EUR 52.0 million) primarily due to a strong
fourth quarter. The lower profit from operations is due to higher
administrative expenses, this is chiefly attributable to lower net income
from available-for-sale financial instruments and companies carried at
equity (a result of write-downs totalling EUR 11.4 million) as well as EUR
3.1 million in write downs on loans and advances to customers.

At the end of last year, equity amounted to EUR 160.2 million (previous
year: EUR 163.9 million). This figure is slightly lower mainly because net
profit in the year under review amounted to less than the dividends paid
for financial year 2007. On the balance sheet date, the Group had 333
employees (previous year: 298 employees). The number of order books managed
rose from 206,428 to 308,201 - an increase of 49.3%.<pre>

Key figures (EUR million)                            2008             2007
Net fee and commission income                             39.0        46.5
Net trading income                                        59.3        52.0
Administrative expenses                                   87.7        75.8
Profit from operations                                     4.2        32.1
Profit from ordinary activities                           11.6        34.9
Earnings after taxes                                       8.6        28.6</pre>

The Board of Directors

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Publisher:
Baader Bank AG
Contact: Thomas Spengler
Weihenstephaner Str. 4
85716 Unterschleissheim
Tel. +49 (0) 89/ 5150-1030
Fax +49 (0) 89/ 5150-2424
Thomas.Spengler@Baaderbank.de
www.Baaderbank.de



DGAP 25.02.2009 
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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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