DGAP-News 142 0 Kommentare Baader Bank nine-month consolidated net income for 2020 - Seite 2

Looking ahead to the overall result for 2020, the Board of Directors expects increased volatility and above-average trading volumes to remain key features, triggered by the considerable uncertainty that surrounds both global efforts to quell the pan-demic and the upcoming US elections. As such, it is not feasible to extrapolate earnings developments in the first nine months of 2020 to the entire 2020 financial year for Baader Bank. The Board of Directors is sticking to its forecast for the 2020 financial year and also expects to be able to pay a dividend to shareholders for the current financial year².

Overview of key figures³

BAADER BANK GROUP Income Statement	01/01-30/09/2020	01/01-30/09/2019	Delta
	EUR'000	EUR'000	%
Income	155,674	74,697	>100.0
of which net interest income and current income	-2,190	-294	>-100.0
of which net commission income	26,728	25,172	6.2
of which net trading income	119,758	34,623	>100.0
of which revenue	8,954	9,694	-7.6
of which other income	2,380	5,450	-56.3
of which net income from interests in associates	44	52	-15.4
Expenses	-117,611	-76,642	53.5
of which personnel expenses	-48,721	-34,930	39.5
of which administrative expenses and other operating expenses	-34,542	-33,213	4.0
of which amortisation and depreciation on intangible assets and property, plant and equipment	-6,151	-6,614	-7.0
Other amortisation and depreciation/Risk provision	-13,197	-1,885	>100.0
of which write-downs/write-ups of loans and advances and certain securities as well as additions to provisions in lending business	-13,197	0	100.0
of which write-downs/write-ups of equity investments, interests in associates and securities treated as assets	0	-1,885	-100.0
Additions to the fund for general banking risks	-15,000	0	100.0

Earnings before taxes (EBT)	38,063	-1,945	-

Operating result⁴	66,178	-4,000	-

Total Assets	751,160	617,376	21.7
Balance Sheet Equity Ratio	14.0%	12.1%

1:	The transfer to the fund for general banking risks also takes into account the statutory transfer to the fund for general banking risks in accordance with Section 340e HGB.
2:	Dividend planning subject to appropriate approvals from committees and bodies and applicable supervisory/other legal provisions.
3:	Financial figures of the Baader Bank Group; all figures provisional and unaudited; reported in accordance with the provisions of the German Commercial Code (Handelsgesetzbuch - HGB).
4:	Gross profit (= net interest income + current income + net commission income and trading income + revenues) less personnel expenses and other administrative expenses as well as amortisation/depreciation on intangible assets and property, plant and equipment.