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Baader Bank with strong first quarter results in 2022

DGAP-News: Baader Bank AG / Key word(s): Quarter Results Baader Bank with strong first quarter results in 2022 28.04.2022 / 07:30 The issuer is solely responsible for the content of this announcement. Baader Bank with strong first quarter results in 2022

All data is based on provisional and unaudited consolidated figures

Baader Bank recorded total earnings before tax of EUR 10.3 million for the first quarter of the current financial year (Q1 2021: EUR 32.8 million). Although this is below the result for the record quarter Q1 2021, it is still in line with the strong first quarter in 2020 and the strong last quarter in 2021.

The development compared to the previous year's extraordinary first quarter is due to the normalising trend in volatility compared with the market fluctuations seen during the exceptional years of 2020 and 2021. Baader Bank is compensating for the effect of lower volatility with a steadily increasing order flow from its in-house platform business.

The subsidiaries included in the Group all made a positive contribution to the quarterly result. The operating result as at 31 March 2022 amounted to EUR 23.6 million (Q1 2021: EUR 49.1 million). As at the first quarter of 2022, return on equity after tax was 12.7% (Q1 2021: 89.6%). Earnings per share stood at EUR 0.11 (Q1 2021: EUR 0.59).


Further growth in account business and stable mandate situation in capital markets business

The collaboration and securities account business continues to show rapid growth. At the end of the first quarter 2022, Baader Bank was managing around 627,000 securities accounts (31/12/2021: 502,000), meaning that the deposit volume saw an increase of approx. 13 %. This growth affects the number of trades and trading volumes, with the total number of orders increasing in comparison with the same quarter of the previous year and the previous quarter.