DGAP-Adhoc: Baader Bank AG: Preliminary consolidated net profit for the first quarter of 2009 in accordance with IFRSs

Baader Bank AG / Quarter Results

23.04.2009 

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 the first quarter of 2009 in
accordance with IFRSs

Unterschleissheim (Germany), 23 April 2009

Baader Bank AG, which is based in Unterschleissheim (Germany), concluded
the first quarter of 2009 with a profit, despite continued difficult
conditions on the stock markets. In the first three months of 2009,
Germany's leading specialist in securities trading generated net profit
after taxes of EUR 2.1 million, down from EUR 5.8 million in the same
period of the previous year. Profit from ordinary activities amounted to
EUR 2.6 million in the first quarter of 2009 (previous year: EUR 5.4
million).

Net fee and commission income on the reporting date totalled EUR 8.6
million (previous year: EUR 10.1 million) while net trading income amounted
to EUR 14.4 million (previous year: EUR 16.1 million).

As at 31 March 2009, the Group's equity amounted to EUR 162.6 million (31
December 2008: EUR 160.2 million). Earnings per share were EUR 0.04 in the
first quarter (previous year: EUR 0.13). Earnings per share for the full
year 2008 were EUR 0.19 (previous year: EUR 0.63). A proposal will be made
to the Annual General Meeting that a dividend of EUR 0.06 be distributed to
the shareholders (previous year: EUR 0.25). This will be distributed from
the tax contribution account and is therefore not subject to income taxes.

As at 31 March 2009, the Group had 352 employees (31 March 2008: 315
employees).<pre>

Key figures (EUR million)                           Q1 2009   Q1 2008
Net fee and commission income                           8.6           10.1
Net trading income                                     14.4           16.1
Administrative expenses                               -22.1          -21.6
Profit from operations                                  0.8            5.0
Profit from ordinary activities                         2.6            5.4
Net profit after taxes                                  2.1            5.8</pre>

The Board of Directors

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Publisher:
Baader Bank AG
Contact: Thomas Spengler
Weihenstephaner Str. 4
85716 Unterschleissheim
Germany
Tel. +49 (0) 89/ 5150-1030
Fax +49 (0) 89/ 5150-291030
Thomas.Spengler@Baaderbank.de
www.Baaderbank.de






DGAP 23.04.2009 
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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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