DGAP-Adhoc: Preliminary Consolidated Results Pursuant to IFRS as of Third Quarter of 2006MWB Wertpapierhandelsbank AG:
2006-10-23 09:28
Graefelfing/Munich, October 23, 2006 - The Munich-based MWB
Wertpapierhandelsbank AG reports clearly improved results as of September
30, 2006 compared to the preceding year's period. In the first three
quarters of 2006, the company attained consolidated earnings from ordinary
activities totalling EUR 2,126 thousand, following EUR 1,014 thousand in
the past year. This is equivalent to an increase of 110%. Consolidated
annual net income as of September 30, 2006 rose by EUR 1,127 thousand to
EUR 2,035 thousand (preceding year: EUR 908 thousand), i.e. an increase of
124%.
Despite a significant downturn in turnover in the second and particularly
the third quarter, a slight improvement in commission income of 1% to EUR
1,905 thousand was still realized (preceding year: EUR 1,888 thousand).
Trading profits increased from EUR 4,388 thousand in the previous year to
EUR 6,217 thousand in the same period of 2006, an increase of 42%.
General administrative expenses progressed on a moderate scale only -
compared to last year they rose by 17% to EUR 6,587 thousand (preceding
year: EUR 5,640 thousand). Personnel expenses increased accordingly from
EUR 1,666 thousand to EUR 2,218 thousand (+ 33 %). The number of group-wide
employees now totals 35 as compared to 28, which is partially traceable to
the acquisition and merger of C.J. Diederich GmbH. Other administrative
expenses rose from EUR 3,975 thousand to EUR 4,369 thousand, an increase of
merely 10%.
Equity and liquidity are items that continue to show satisfying results. As
compared to December 31, 2005, equity improved from EUR 16,855 thousand to
EUR 17,953 thousand, or 7%. Due to the acquisition of Diederich and the
payment of dividend in July liquidity as of September 30, 2006 (EUR 12,328
thousand) slightly decreased by EUR 524 thousand in comparison to EUR
12,852 thousand as of December 31, 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
shares, bonds, and investment funds, and the division Institutional Clients
with 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 Client 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
Wertpapierhandelsbank AG reports clearly improved results as of September
30, 2006 compared to the preceding year's period. In the first three
quarters of 2006, the company attained consolidated earnings from ordinary
activities totalling EUR 2,126 thousand, following EUR 1,014 thousand in
the past year. This is equivalent to an increase of 110%. Consolidated
annual net income as of September 30, 2006 rose by EUR 1,127 thousand to
EUR 2,035 thousand (preceding year: EUR 908 thousand), i.e. an increase of
124%.
Despite a significant downturn in turnover in the second and particularly
the third quarter, a slight improvement in commission income of 1% to EUR
1,905 thousand was still realized (preceding year: EUR 1,888 thousand).
Trading profits increased from EUR 4,388 thousand in the previous year to
EUR 6,217 thousand in the same period of 2006, an increase of 42%.
General administrative expenses progressed on a moderate scale only -
compared to last year they rose by 17% to EUR 6,587 thousand (preceding
year: EUR 5,640 thousand). Personnel expenses increased accordingly from
EUR 1,666 thousand to EUR 2,218 thousand (+ 33 %). The number of group-wide
employees now totals 35 as compared to 28, which is partially traceable to
the acquisition and merger of C.J. Diederich GmbH. Other administrative
expenses rose from EUR 3,975 thousand to EUR 4,369 thousand, an increase of
merely 10%.
Equity and liquidity are items that continue to show satisfying results. As
compared to December 31, 2005, equity improved from EUR 16,855 thousand to
EUR 17,953 thousand, or 7%. Due to the acquisition of Diederich and the
payment of dividend in July liquidity as of September 30, 2006 (EUR 12,328
thousand) slightly decreased by EUR 524 thousand in comparison to EUR
12,852 thousand as of December 31, 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
shares, bonds, and investment funds, and the division Institutional Clients
with 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 Client 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