Brief: Baader Bank Q1 Cumulative Earnings Before Taxes Of EUR 0.3 Mln

Baader Bank AG

30/04/2019 11:27

April 30 (Reuters) - BAADER BANK AG  BLMG.DE :
    * STRATEGIC ADJUSTMENT AND COST-CUTTING MEASURES TAKEN BY
THE
BOARD OF DIRECTORS BEAR THEIR FIRST FRUIT - BAADER BANK BREAKS
EVEN IN THE FIRST QUARTER OF 2019
    * Q1 SLIGHTLY POSITIVE CUMULATIVE EARNINGS OF EUR 0.3MN
BEFORE
TAXES
    * Q1 NET COMMISSION INCOME AT EUR 9.7MN, AT LEVEL OF
PREVIOUS YEAR
(Q1 2018: EUR 9.8MN)
    * Q1 REVENUES OF EUR 3.5MN (Q1 2018: EUR 3.6MN; Q4 2018: EUR
3.6MN)
    * Q1 NET INTEREST INCOME OF EUR -0.3MN (Q1 2018: EUR -0.3MN;
Q4
2018: EUR 0.3MN)
    * GROUP RESTRUCTURING COMPLETED IN FIRST HALF-YEAR
    * NUMBER OF EMPLOYEES OF BAADER BANK GROUP WAS REDUCED AS AT
REPORTING DATE TO 426

Source text for Eikon:  ID:nEQ45f0dYa 
Further company coverage:  BLMG.DE 

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