DGAP-Adhoc: MWB Wertpapierhandelshaus AG - Quarter Results
2006-04-26 10:06
Gräfelfing/Munich, (April 26, 2006) - Munich-based MWB
Wertpapierhandelshaus is continuing the positive-earnings trend of the past
year in the first quarter of 2006, and once again significantly increased
profits from ordinary activities. Compared to the same period in the
preceding year, these are up 166% to EUR 1,633 thousand from EUR 613
thousand in the first quarter of 2005. Consolidated net profits increased
accordingly from EUR 559 thousand to EUR 1,480 thousand. This increase was
predominantly the result of significant growth in trading profits, which is
up 95% to EUR 3,286 thousand (preceding year EUR 1,683 thousand). Compared
to the first quarter of 2005, commission income has grown by approx. 4%
from EUR 718 thousand to EUR 747 thousand.
Because of this significant increase in volumes, general administrative
expenses have also risen by 35% from EUR 1,907 thousand in the first
quarter of 2005 to EUR 2,572 thousand. Personnel expenses increased from
EUR 570 thousand to EUR 953 thousand (+ 67%), which includes provisions for
performance-related remuneration components in the amount of EUR 435
thousand. The number of employees in the group increased to 34 as of March
31, 2006, compared to 26 in the same period of the preceding year. Other
administrative expenses increased to EUR 1,619 thousand (preceding year EUR
1,337 thousand) primarily due to transaction-related costs. This is
equivalent to a 21% increase.
It was possible to increase equity in the first quarter of 2006, which rose
by EUR 1,486 thousand to EUR 18,341 thousand from December 31, 2005. This
increase corresponds approximately to the net profits. Liquidity remained
nearly the same at EUR 12,470 thousand when compared with EUR 12,852
thousand as of December 31, 2005.
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Information and Explaination of the Issuer to this News:
MWB Wertpapierhandelshaus AG (www.mwb.de) was formed in 1993. The company
has been listed since April 1999 and has been admitted to Deutsche Börse
AG"s Prime Standard Segment since January 1, 2003. MWB is active in four
divisions: Specialist Business, Market Making for International Stocks, and
Institutional Clients (primarily order execution for banks, designated
sponsoring, and international sales); these are the company"s key areas of
focus. In addition, MWB also acquired a license at the beginning of 2006 to
conduct IPO business. Following the acquisition of the Berlin-based company
Diederich, which is involved in specialist business for bonds, the area of
fixed-interest securities is to be continuously expanded. MWB AG is also
involved in the area of private asset management via its 60% interest in
MWB Baden. The company is admitted to the stock exchanges in Munich,
Berlin, Frankfurt, Düsseldorf, Stuttgart, and Hamburg.
Contact:
MWB Wertpapierhandelshaus 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
Wertpapierhandelshaus is continuing the positive-earnings trend of the past
year in the first quarter of 2006, and once again significantly increased
profits from ordinary activities. Compared to the same period in the
preceding year, these are up 166% to EUR 1,633 thousand from EUR 613
thousand in the first quarter of 2005. Consolidated net profits increased
accordingly from EUR 559 thousand to EUR 1,480 thousand. This increase was
predominantly the result of significant growth in trading profits, which is
up 95% to EUR 3,286 thousand (preceding year EUR 1,683 thousand). Compared
to the first quarter of 2005, commission income has grown by approx. 4%
from EUR 718 thousand to EUR 747 thousand.
Because of this significant increase in volumes, general administrative
expenses have also risen by 35% from EUR 1,907 thousand in the first
quarter of 2005 to EUR 2,572 thousand. Personnel expenses increased from
EUR 570 thousand to EUR 953 thousand (+ 67%), which includes provisions for
performance-related remuneration components in the amount of EUR 435
thousand. The number of employees in the group increased to 34 as of March
31, 2006, compared to 26 in the same period of the preceding year. Other
administrative expenses increased to EUR 1,619 thousand (preceding year EUR
1,337 thousand) primarily due to transaction-related costs. This is
equivalent to a 21% increase.
It was possible to increase equity in the first quarter of 2006, which rose
by EUR 1,486 thousand to EUR 18,341 thousand from December 31, 2005. This
increase corresponds approximately to the net profits. Liquidity remained
nearly the same at EUR 12,470 thousand when compared with EUR 12,852
thousand as of December 31, 2005.
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
MWB Wertpapierhandelshaus AG (www.mwb.de) was formed in 1993. The company
has been listed since April 1999 and has been admitted to Deutsche Börse
AG"s Prime Standard Segment since January 1, 2003. MWB is active in four
divisions: Specialist Business, Market Making for International Stocks, and
Institutional Clients (primarily order execution for banks, designated
sponsoring, and international sales); these are the company"s key areas of
focus. In addition, MWB also acquired a license at the beginning of 2006 to
conduct IPO business. Following the acquisition of the Berlin-based company
Diederich, which is involved in specialist business for bonds, the area of
fixed-interest securities is to be continuously expanded. MWB AG is also
involved in the area of private asset management via its 60% interest in
MWB Baden. The company is admitted to the stock exchanges in Munich,
Berlin, Frankfurt, Düsseldorf, Stuttgart, and Hamburg.
Contact:
MWB Wertpapierhandelshaus 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