Baader Bank increases forecast for financial year 2024
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EQS-Ad-hoc: Baader Bank AG / Key word(s): Change in Forecast Baader Bank increases forecast for financial year 2024 All data is based on provisional and unaudited consolidated figures. Baader Bank Aktiengesellschaft is revising its previous forecast for the 2024 financial year upwards. Following a significant increase in the Group's pre-tax profit of EUR 20.3 million in the first half of 2024, the seasonal weakness that had been expected in the months of July and August did not materialise. Consequently, the financial key figures have continued to develop very positively from the 2024 half-year results onwards. In the context of this profit trend, the Board of Directors expects the forecast for 2024 (earnings before taxes at a similar level to 2023) to be considerably exceeded. Accordingly, the Board of Directors anticipates that earnings before tax for 2024 as a whole will be significantly higher than the earnings before tax generated in the 2023 financial year (EUR 4.0 million). It should be noted that the Board of Directors believes that given unforeseeable and external factors, reliable forecasts of business development can only be made subject to certain limitations. The final nine-month figures will be announced as scheduled on 31 October 2024.
For further information and media inquiries: Marlene Constanze Hartz Senior Manager Group Communication T +49 89 5150 1044
Baader Bank AG Weihenstephaner Strasse 4 85716 Unterschleissheim, Germany
Next dates: 23-26/09/2024 Baader Investment Conference 2024 09/10/2024 m:access analyst conference 31/10/2024 Corporate News on the Nine-Month Results 2024
About Baader Bank AG: Baader Bank is one of the leading European partners for investment and banking services. Trading and banking are combined using a single powerful platform that offers a unique setup and optimum access to the capital market using a secure, automated and scalable approach. As a family-run full-service bank with its headquarters in Unter-schleissheim near Munich, Baader Bank AG employs around 550 staff members and operates in Market Making, Capital Markets, Brokerage, Fund Services, Account Services and Research Services. End of Inside Information
19-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Baader Bank AG |
| Weihenstephaner Str. 4 | |
| 85716 Unterschleissheim | |
| Germany | |
| Phone: | +49 89 5150 1017 |
| Fax: | +49 89 5150 1111 |
| E-mail: | communications@baaderbank.de |
| Internet: | www.baaderbank.de |
| ISIN: | DE0005088108 |
| WKN: | 508810 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1991043 |
| End of Announcement | EQS News Service |
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1991043 19-Sep-2024 CET/CEST
