DGAP-Adhoc: mwb fairtrade Wertpapierhandelsbank AG: Preliminary consolidated figures in accordance with IFRS for the first nine months of 2009
2009-10-21 09:39
---------------------------------------------------------------------------
Gräfelfing, October 21, 2009. In the first nine months of the 2009 fiscal
year, mwb fairtrade Wertpapierhandelsbank AG generated a consolidated net
loss from ordinary activities amounting to EUR 1,324 thousand (previous
year's loss: EUR 401 thousand). Accordingly, the net loss for the third
quarter amounted to EUR 1,075 thousand (previous year's loss: EUR 299
thousand). In spite of this, the Bank continued to improve its operating
earnings, particularly in the third quarter. This was due primarily to the
continued recovery of the financial markets in the second and third
quarters of 2009.
Although exchange turnover was still significantly lower year-on-year, the
Bank lifted its net trading income to EUR 7,954 thousand (previous year:
EUR 6,418 thousand). Net commission income fell from EUR 4,621 thousand in
the previous year to EUR 3,379 thousand as a result of the decline in
exchange turnover.
Compared with the first nine months of 2008, staff costs rose to EUR 5,042
thousand (previous year: EUR 4,176 thousand), and other administrative
expenses climbed slightly to EUR 8,531 thousand (previous year: EUR 8,260
thousand). Thus, the Bank kept general and administrative expenses under
control at EUR 13,573 thousand (previous year: EUR 12,436 thousand). This
amount already includes EUR 501 thousand (previous year: EUR 241 thousand)
in impairments on intangible assets to be recognized in accordance with
IFRS. As of September 30, 2009, the Group employed 74 people, up from 69 at
the end of the prior-year period.
mwb fairtrade's capital and liquidity bases remain comfortable. As of
September 30, 2009, the Bank's equity amounted to EUR 28,278 thousand (as
of December 31, 2008: EUR 29,251 thousand), and EUR 12,922 in cash and cash
equivalents (as of December 31, 2008: EUR 14,758 thousand).
Contact:
mwb fairtrade 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@mwbfairtrade.com
21.10.2009 Financial News transmitted by DGAP
---------------------------------------------------------------------------
Language: English
Company: mwb fairtrade 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@mwbfairtrade.com
Internet: www.mwbfairtrade.com
ISIN: DE0006656101
WKN: 665610
Indices: CDAX, PRIMEALL, CLASSICALLSHARE
Listed: Regulierter Markt in München; Freiverkehr in Berlin,
Düsseldorf, Hamburg, Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------------
Gräfelfing, October 21, 2009. In the first nine months of the 2009 fiscal
year, mwb fairtrade Wertpapierhandelsbank AG generated a consolidated net
loss from ordinary activities amounting to EUR 1,324 thousand (previous
year's loss: EUR 401 thousand). Accordingly, the net loss for the third
quarter amounted to EUR 1,075 thousand (previous year's loss: EUR 299
thousand). In spite of this, the Bank continued to improve its operating
earnings, particularly in the third quarter. This was due primarily to the
continued recovery of the financial markets in the second and third
quarters of 2009.
Although exchange turnover was still significantly lower year-on-year, the
Bank lifted its net trading income to EUR 7,954 thousand (previous year:
EUR 6,418 thousand). Net commission income fell from EUR 4,621 thousand in
the previous year to EUR 3,379 thousand as a result of the decline in
exchange turnover.
Compared with the first nine months of 2008, staff costs rose to EUR 5,042
thousand (previous year: EUR 4,176 thousand), and other administrative
expenses climbed slightly to EUR 8,531 thousand (previous year: EUR 8,260
thousand). Thus, the Bank kept general and administrative expenses under
control at EUR 13,573 thousand (previous year: EUR 12,436 thousand). This
amount already includes EUR 501 thousand (previous year: EUR 241 thousand)
in impairments on intangible assets to be recognized in accordance with
IFRS. As of September 30, 2009, the Group employed 74 people, up from 69 at
the end of the prior-year period.
mwb fairtrade's capital and liquidity bases remain comfortable. As of
September 30, 2009, the Bank's equity amounted to EUR 28,278 thousand (as
of December 31, 2008: EUR 29,251 thousand), and EUR 12,922 in cash and cash
equivalents (as of December 31, 2008: EUR 14,758 thousand).
Contact:
mwb fairtrade 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@mwbfairtrade.com
21.10.2009 Financial News transmitted by DGAP
---------------------------------------------------------------------------
Language: English
Company: mwb fairtrade 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@mwbfairtrade.com
Internet: www.mwbfairtrade.com
ISIN: DE0006656101
WKN: 665610
Indices: CDAX, PRIMEALL, CLASSICALLSHARE
Listed: Regulierter Markt in München; Freiverkehr in Berlin,
Düsseldorf, Hamburg, Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------------