DGAP-News: Aareal Bank AG / Key word(s): Final Results
Aareal Bank Group publishes Annual Report 2013
27.03.2014 / 08:30
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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
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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
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27.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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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
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259923 27.03.2014
DGAP-News: Aareal Bank Group publishes Annual Report 2013
| Source: EQS Group AG