DGAP-Adhoc: MWB Wertpapierhandelsbank AG: Provisional results for 2006
2007-02-27 10:05
Gräfelfing/Munich, February 27, 2007. 2006 was a successful year for the
mwb Wertpapierhandelsbank AG. The stock markets were friendly on the whole,
and the company continued to keep strict control of its costs, which
resulted in doubled provisional consolidated earnings from ordinary
activities of EUR 2,138 thousand compared to EUR 1,017 thousand in 2005.
This is equivalent to a 110 % increase. Based on the capitalization of a
corporate tax credit in the amount of EUR 1,120 thousand, net income
increased by 194 % from EUR 983 thousand to EUR 2,890 thousand.
A generally good stock market environment in the first six months in
conjunction with increased turnover in foreign stocks in Germany led to a
significant increase in commission income and trading profits. Commission
income was thus up 7 % in 2006 to EUR 2,589 thousand (previous year: EUR
2,427 thousand), trading profits lifted from EUR 5,422 thousand in 2005 to
EUR 7,425 thousand in 2006, an increase of 37 %.
General administrative expenses rose only moderately compared to the amount
of business from EUR 7,545 thousand in 2005 to EUR 8,696 thousand in 2006.
Although personnel expenses increased by 34 % from EUR 2,155 thousand to
EUR 2,890 thousand in 2006 as a result of the performance-oriented
remuneration model, administrative expenses increased only 8 % from EUR
5,390 thousand to EUR 5,806 thousand in 2006. Employee numbers rose in 2006
from 28 to 32 due to the acquisition of C. J. Diederich
Wertpapierhandelsgesellschaft mbH. The company's equity and liquidity
enjoyed a pleasing development during the course of 2006. As of December
31, 2006, equity was up by EUR 1,898 thousand to EUR 18,753 thousand.
Liquidity decreased as of December 31, 2006 to EUR 11,804 thousand due to
the purchase of equities, compared to EUR 12,851 thousand at the end of
2005.
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Information and Explaination of the Issuer to this News:
mwb Wertpapierhandelsbank AG (www.mwb.de) was founded in 1993. The company
has been listed since April 1999 and admitted to the Prime Standard segment
of the Deutsche Börse AG since January 1, 2003. mwb operates in three main
business divisions: its core competence lies in the Securities Trading
division with the areas order-book management for equities, bonds, and
investment funds, and the Institutional Clients division comprised of order
execution, institutional sales, designated sponsoring, and particularly
capital market/IPO business. With its 60% interest in the MWB Baden GmbH,
mwb also operates a Private Clients division. The company is admitted to
the stock exchanges in Munich, Berlin, Frankfurt, Düsseldorf, Stuttgart,
and Hamburg.
Contact:
mwb Wertpapierhandelsbank AG
Thomas Posovatz
Rottenbucher Straße 28
82166 Gräfelfing
Tel.: 089/85 85 2-500
Fax: 089/85 85 2-505
E-Mail: investor-relations@mwb.de
mwb Wertpapierhandelsbank AG. The stock markets were friendly on the whole,
and the company continued to keep strict control of its costs, which
resulted in doubled provisional consolidated earnings from ordinary
activities of EUR 2,138 thousand compared to EUR 1,017 thousand in 2005.
This is equivalent to a 110 % increase. Based on the capitalization of a
corporate tax credit in the amount of EUR 1,120 thousand, net income
increased by 194 % from EUR 983 thousand to EUR 2,890 thousand.
A generally good stock market environment in the first six months in
conjunction with increased turnover in foreign stocks in Germany led to a
significant increase in commission income and trading profits. Commission
income was thus up 7 % in 2006 to EUR 2,589 thousand (previous year: EUR
2,427 thousand), trading profits lifted from EUR 5,422 thousand in 2005 to
EUR 7,425 thousand in 2006, an increase of 37 %.
General administrative expenses rose only moderately compared to the amount
of business from EUR 7,545 thousand in 2005 to EUR 8,696 thousand in 2006.
Although personnel expenses increased by 34 % from EUR 2,155 thousand to
EUR 2,890 thousand in 2006 as a result of the performance-oriented
remuneration model, administrative expenses increased only 8 % from EUR
5,390 thousand to EUR 5,806 thousand in 2006. Employee numbers rose in 2006
from 28 to 32 due to the acquisition of C. J. Diederich
Wertpapierhandelsgesellschaft mbH. The company's equity and liquidity
enjoyed a pleasing development during the course of 2006. As of December
31, 2006, equity was up by EUR 1,898 thousand to EUR 18,753 thousand.
Liquidity decreased as of December 31, 2006 to EUR 11,804 thousand due to
the purchase of equities, compared to EUR 12,851 thousand at the end of
2005.
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
mwb Wertpapierhandelsbank AG (www.mwb.de) was founded in 1993. The company
has been listed since April 1999 and admitted to the Prime Standard segment
of the Deutsche Börse AG since January 1, 2003. mwb operates in three main
business divisions: its core competence lies in the Securities Trading
division with the areas order-book management for equities, bonds, and
investment funds, and the Institutional Clients division comprised of order
execution, institutional sales, designated sponsoring, and particularly
capital market/IPO business. With its 60% interest in the MWB Baden GmbH,
mwb also operates a Private Clients division. The company is admitted to
the stock exchanges in Munich, Berlin, Frankfurt, Düsseldorf, Stuttgart,
and Hamburg.
Contact:
mwb Wertpapierhandelsbank AG
Thomas Posovatz
Rottenbucher Straße 28
82166 Gräfelfing
Tel.: 089/85 85 2-500
Fax: 089/85 85 2-505
E-Mail: investor-relations@mwb.de