DGAP-News: Aareal Bank AG / Key word(s): Final Results Aareal Bank Group publishes Annual Report 2013 27.03.2014 / 08:30 --------------------------------------------------------------------- Aareal Bank Group publishes Annual Report 2013 Wiesbaden, 27 March 2014 - Aareal Bank Group published its 2013 Annual Report today. In addition to information on the Bank's business model and its activities in the two business segments, the Annual Report also includes Aareal Bank's audited consolidated financial statements in accordance with IFRS and the Bank's Group Management Report for 2013. Based on audited results, consolidated operating profit increased to EUR198 million (2012: EUR176 million) which is in line with the preliminary figure communicated at the annual press conference on 20 February 2014. Thus, Aareal Bank did not only perform better in its 90th anniversary than originally anticipated, given the still persistent uncertainties and intensified competition, but was even able to exceed the very good level of 2011. "The past financial year 2013 was a special year for Aareal Bank Group. We celebrated our 90th anniversary which particularly reflects the stability and solidity as a reliable service provider for our clients that Aareal Bank has proven over many decades. The very good results posted for 2013 demonstrated just how well-positioned Aareal Bank Group is", Dr Wolf Schumacher, Chairman of the Management Board, emphasises in the Letter to Shareholders. Moreover, in its Annual Report Aareal Bank affirmed the outlook for 2014, as communicated during the annual press conference on 20 February 2014. Overall, the Bank believes that the positive business development will persist during the current year. It thus sees good opportunities, including a non-recurring effect from the acquisition of Corealcredit Bank (negative goodwill), to achieve consolidated operating profit of between EUR370 million and EUR390 million. Adjusted for this non-recurring effect, Aareal Bank expects consolidated operating profit of EUR220 million to EUR240 million. The forecasts for the 2014 financial year include provisional figures for Corealcredit Bank AG for the first time - whereas its actual contribution essentially depends on the closing date. The full annual report for 2013 is available from Aareal Bank's website: www.aareal-bank.com/en/media-relations/finanzberichte/. Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Tel.: +49 611 348 2306 sven.korndoerffer@aareal-bank.com Christian Feldbrügge Tel.: +49 611 348 2280 christian.feldbruegge@aareal-bank.com Heinrich Frömsdorf Tel.: +49 611 348 2061 heinrich.froemsdorf@aareal-bank.com ------------------------------------ Aareal Bank AG, Registered Office: Wiesbaden Commercial Register: Amtsgericht Wiesbaden HRB 13184 Chairman of the Supervisory Board: Marija G. Korsch Management Board: Dr. Wolf Schumacher (Chairman), Dagmar Knopek, Hermann J. Merkens, Thomas Ortmanns End of Corporate News --------------------------------------------------------------------- 27.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Aareal Bank AG Paulinenstr.15 65189 Wiesbaden Germany Phone: +49 (0)611 348 - 0 Fax: +49 (0)611 348 - 2332 E-mail: aareal@aareal-bank.com Internet: www.aareal-bank.com ISIN: DE0005408116 WKN: 540811 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Stockholm End of News DGAP News-Service --------------------------------------------------------------------- 259923 27.03.2014
DGAP-News: Aareal Bank Group publishes Annual Report 2013
| Source: EQS Group AG