DGAP-Adhoc: mwb Wertpapierhandelsbank AG:Provisional results for 2007 pursuant to IFRS - Earnings from ordinary activities up 51%
2008-02-25 10:08
Gräfelfing/Munich, February 25, 2008. mwb Wertpapierhandelsbank AG has
maintained the steady upwards course of the past years, increasing its
consolidated earnings from ordinary activities in fiscal year 2007 by 51%
to EUR 3,221 thousand as compared to 2006 (EUR 2,138 thousand). Net income
rose from EUR 2,890 thousand in 2006 to EUR 2,960 thousand in 2007, an
increase of 2%. To be taken into account here is that the net income for
2006 was markedly influenced by the required capitalization of a corporate
tax credit in the amount of EUR 1,120 thousand.
The volatility on the stock markets in conjunction with partly high
turnover was put to use by mwb for its business. It was able to improve
commission income by 30% from EUR 3,272 thousand to EUR 4,256 thousand.
Trading profits rose from EUR 6,914 thousand in 2006 to EUR 7,503 thousand
in 2007 (+ 9%). Income from financial assets amount to EUR 479 thousand
(previous year EUR 0).
General administrative expenses increased only marginally in relation to
trading profits and commission income in the past fiscal year - up 14% from
EUR 8,579 thousand to EUR 9,768 thousand. In particular, personnel expenses
rose as compared to 2006 by 7% from EUR 2,890 thousand to EUR 3,095
thousand. The number of employees increased from 32 at the close of 2006 to
37 in 2007. Other administrative expenses rose by 17% from EUR 5,689
thousand to EUR 6,673 thousand. Turnover-related costs from the settlement
of securities transactions represent a significant factor here.
The company's equity and liquidity were impacted decisively by the positive
net income on the one hand and by the dividend disbursement for 2006 and
the buy-back of own shares in conjunction with the FAIRTRADE FINANCE AG
transaction on the other. As a result, equity decreased compared to
December 31, 2006 from EUR 18,753 thousand to EUR 17,542 thousand. mwb's
liquidity, as the balance of its receivables and liabilities to banks,
decreased by EUR 4,709 thousand from EUR 11,806 thousand to EUR 7,097
thousand accordingly and as a result of a regrouping towards fixed-interest
securities.
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
25.02.2008 Financial News transmitted by DGAP
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Language: English
Issuer: mwb Wertpapierhandelsbank AG
Rottenbucher Straße 28
82166 Gräfelfing
Deutschland
Phone: +49 (0)89 858 52-305
Fax: +49 (0)89 858 52-5 05
E-mail: investor-relations@mwb.de
Internet: www.mwb.de
ISIN: DE0006656101
WKN: 665610
Indices: CDAX, PRIMEALL, CLASSICALLSHARE
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
München; Freiverkehr in Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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maintained the steady upwards course of the past years, increasing its
consolidated earnings from ordinary activities in fiscal year 2007 by 51%
to EUR 3,221 thousand as compared to 2006 (EUR 2,138 thousand). Net income
rose from EUR 2,890 thousand in 2006 to EUR 2,960 thousand in 2007, an
increase of 2%. To be taken into account here is that the net income for
2006 was markedly influenced by the required capitalization of a corporate
tax credit in the amount of EUR 1,120 thousand.
The volatility on the stock markets in conjunction with partly high
turnover was put to use by mwb for its business. It was able to improve
commission income by 30% from EUR 3,272 thousand to EUR 4,256 thousand.
Trading profits rose from EUR 6,914 thousand in 2006 to EUR 7,503 thousand
in 2007 (+ 9%). Income from financial assets amount to EUR 479 thousand
(previous year EUR 0).
General administrative expenses increased only marginally in relation to
trading profits and commission income in the past fiscal year - up 14% from
EUR 8,579 thousand to EUR 9,768 thousand. In particular, personnel expenses
rose as compared to 2006 by 7% from EUR 2,890 thousand to EUR 3,095
thousand. The number of employees increased from 32 at the close of 2006 to
37 in 2007. Other administrative expenses rose by 17% from EUR 5,689
thousand to EUR 6,673 thousand. Turnover-related costs from the settlement
of securities transactions represent a significant factor here.
The company's equity and liquidity were impacted decisively by the positive
net income on the one hand and by the dividend disbursement for 2006 and
the buy-back of own shares in conjunction with the FAIRTRADE FINANCE AG
transaction on the other. As a result, equity decreased compared to
December 31, 2006 from EUR 18,753 thousand to EUR 17,542 thousand. mwb's
liquidity, as the balance of its receivables and liabilities to banks,
decreased by EUR 4,709 thousand from EUR 11,806 thousand to EUR 7,097
thousand accordingly and as a result of a regrouping towards fixed-interest
securities.
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
25.02.2008 Financial News transmitted by DGAP
---------------------------------------------------------------------------
Language: English
Issuer: mwb Wertpapierhandelsbank AG
Rottenbucher Straße 28
82166 Gräfelfing
Deutschland
Phone: +49 (0)89 858 52-305
Fax: +49 (0)89 858 52-5 05
E-mail: investor-relations@mwb.de
Internet: www.mwb.de
ISIN: DE0006656101
WKN: 665610
Indices: CDAX, PRIMEALL, CLASSICALLSHARE
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
München; Freiverkehr in Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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