EQS-Adhoc: MWB Wertpapierhandelshaus AG presents group results for the first half year 2005
2005-07-26 10:17
Graefelfing/Munich, July 26, 2005 – Munich-based securities trading company
MWB has substantially improved its consolidated earnings (IFRS) compared
with the previous year. Despite a cloudy Q2 2005, especially in April and
Mai, the company was able to increase its commission income by 39% compared
with the previous year to EUR 1,306 (EUR 939 thousand prev. year). Trading
profits increased from EUR 2,155 to EUR 2,499 in the same period (+ 16%).
On the other hand the administrative expenses remained nearly constant with
EUR 3,584 in the first half year 2005 (EUR 3,543 prev. year). Personnel
expenses fell by 14% from EUR 1,203 to EUR 1,036 in the first half year
2005 due to the reduced members of the management board and modified
salaries in our trading sector. The other administrative expenses increased
by 9% from EUR 2,340 to EUR 2,548. Like in previous quarters the costs for
processing securities transactions were the primary factor.
As a result profits from ordinary activities totaled EUR 465 thousand in
the first half year 2005 after minus EUR 248 thousand in previous year, an
increase by 288%. According to this improvement equity lifted by EUR 616
thousand to EUR 16,076 as of June 30, 2005 compared to December 31, 2004.
Liquidity also increased from EUR 10,362 as of December 31, 2004 to EUR
10,846 as of June 30, 2005 (+ EUR 484 thousand). The number of employees
remained steady at 28.
MWB AG (www.mwb.de) has been listed on the stock exchange since April 1999
and has been listed in the Prime Standard segment of Deutsche Börse AG
since January 1, 2003. MWB's core business is being a specialist and
proprietary trader for foreign stocks, supplemented by order execution for
financial institutions, Designated Sponsoring as well as institutional
sales. Furthermore MWB AG is active in the private asset management
business with MWB Baden, holding a 60 percent interest in this company. The
company has applications on the stock exchanges in Munich, Berlin,
Frankfurt, Duesseldorf and Stuttgart.
Contact:
MWB Wertpapierhandelshaus AG
Thomas Posovatz
Rottenbucher Straße 28
82166 Gräfelfing
Tel.: +49 89 85 85 2-500
Fax: +49 89 85 85 2-505
E-Mail: investor-relations@mwb.de
MWB has substantially improved its consolidated earnings (IFRS) compared
with the previous year. Despite a cloudy Q2 2005, especially in April and
Mai, the company was able to increase its commission income by 39% compared
with the previous year to EUR 1,306 (EUR 939 thousand prev. year). Trading
profits increased from EUR 2,155 to EUR 2,499 in the same period (+ 16%).
On the other hand the administrative expenses remained nearly constant with
EUR 3,584 in the first half year 2005 (EUR 3,543 prev. year). Personnel
expenses fell by 14% from EUR 1,203 to EUR 1,036 in the first half year
2005 due to the reduced members of the management board and modified
salaries in our trading sector. The other administrative expenses increased
by 9% from EUR 2,340 to EUR 2,548. Like in previous quarters the costs for
processing securities transactions were the primary factor.
As a result profits from ordinary activities totaled EUR 465 thousand in
the first half year 2005 after minus EUR 248 thousand in previous year, an
increase by 288%. According to this improvement equity lifted by EUR 616
thousand to EUR 16,076 as of June 30, 2005 compared to December 31, 2004.
Liquidity also increased from EUR 10,362 as of December 31, 2004 to EUR
10,846 as of June 30, 2005 (+ EUR 484 thousand). The number of employees
remained steady at 28.
MWB AG (www.mwb.de) has been listed on the stock exchange since April 1999
and has been listed in the Prime Standard segment of Deutsche Börse AG
since January 1, 2003. MWB's core business is being a specialist and
proprietary trader for foreign stocks, supplemented by order execution for
financial institutions, Designated Sponsoring as well as institutional
sales. Furthermore MWB AG is active in the private asset management
business with MWB Baden, holding a 60 percent interest in this company. The
company has applications on the stock exchanges in Munich, Berlin,
Frankfurt, Duesseldorf and Stuttgart.
Contact:
MWB Wertpapierhandelshaus AG
Thomas Posovatz
Rottenbucher Straße 28
82166 Gräfelfing
Tel.: +49 89 85 85 2-500
Fax: +49 89 85 85 2-505
E-Mail: investor-relations@mwb.de