DGAP-News

Baader Bank with strong first quarter results in 2022 - Seite 3

Provided the general conditions remain unchanged, the Board of Directors expects market volatility to normalise during 2022, particularly in the second half of the year, when compared with the highly volatile preceding years of 2020 and 2021. At the same time, the number of securities transactions and the volume of sales are expected to continue developing at the same level as in the previous year due to the continuing growth of customers, market volumes and products.

In view of this financial year's first quarter, the Board of Directors of Baader Bank confirms the forecast made and expects the Baader Bank Group's earnings before tax for the 2022 financial year to be around EUR 30 million, with a cost-income ratio of around 80% and a return on equity after tax of around 15%.

Overview of key figures 2021 ²

BAADER BANK GROUP Key P&L figures		01/01/- 31/03/2022	01/01/- 31/03/2021	Change
		In EUR mn	In EUR mn	in %
Income		57.0	91.8	-37.9
of which
Net interest income and current income		-0.4	-0.3	-45.6
Net commission income		5.0	8.4	-40.8
From commission revenue		30.8	30.9	-
Net trading income		48.8	76.8	-36.4
Revenue		2.5	3.1	-19.9
Other income		1.1	3.8	-69.8
Expenses		-46.7	-58.9	-20.8
of which
Personnel expenses		-17.6	-24.9	-29.3
Other administrative expenses and other operating expenses		-15.5	-12.6	23.3
Amortisation, depreciation on intangible assets and property, plant and equipment		-2.4	-1.9	22.9
Other depreciation/amortisation/risk provision		-1.4	-1.1	25.6
Additions to the fund for general banking risks		-9.8	-18.4	-46.9
Earnings before tax (EBT)		10.3	32.8	-68.6
Operating result ³		23.6	49.1	-52.0
Return on Equity		12.7 %	89.6 %	-

 

BAADER BANK GROUP