REG-Commerzbank Aktiengesellschaft Commerzbank fulfils Deutsche Börse’s DAX 40 criterion of positive EBITDA in the past 2 financial years

COMMERZBANK AGAnnouncement

30/01/2023 07:45

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   Commerzbank Aktiengesellschaft (CZB)
   Commerzbank fulfils Deutsche Börse’s DAX 40 criterion of positive EBITDA
   in the past 2 financial years

   30-Jan-2023 / 08:35 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   On the basis of preliminary, unaudited figures, Commerzbank achieved a
   positive EBITDA of €3,371 million in the 2022 financial year. This means
   that Commerzbank meets the criterion of Deutsche Börse Group for DAX 40
   membership of a positive EBITDA in its last two financial years. However,
   any inclusion in the DAX 40 also depends on other criteria, in particular
   the free float market capitalization. The corresponding valuation is
   carried out exclusively by the Deutsche Börse Group.

    

   "We have decided to disclose Commerzbank's EBITDA for the 2022 year
   already now, in order to enable Deutsche Börse Group to consider us as a
   successor candidate for Linde in the DAX 40, with now two consecutive
   loss-free years," explains Bettina Orlopp, Chief Financial Officer of
   Commerzbank.

    

   In particular, EBITDA for banks is composed of the following components to
   determine the profitability criterion:
   - Pre-tax Income (field number 01401): 2,005 million Euro
   - Interest Expense on Debt (01251): 850 million Euro
   - Depreciation and Depletion (04049): 516 million Euro
   - EBITDA (18198): 3,371 million Euro

   The information in parentheses identifies the relevant field numbers
   according to Worldscope Database Datatype Definitions used for the
   calculation of EBITDA by Deutsche Börse Group.

   Commerzbank will publish detailed figures for the 2022 financial year on
   16 February 2023 on the basis of the preliminary and unaudited annual
   financial statements.

    

    

   Press contact

   Erik Nebel  +49 69 136-44986

    

   Contact for investors

   Michael Klein  +49 69 136-24522

    

    

                                        

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   About Commerzbank

   Commerzbank is the leading bank for the German Mittelstand and a strong
   partner for around 26,000 corporate client groups and around 11 million
   private and small-business customers in Germany. The Bank’s two Business
   Segments – Private and Small-Business Customers and Corporate Clients –
   offer a comprehensive portfolio of financial services. Commerzbank
   transacts approximately 30 per cent of Germany’s foreign trade and is
   present internationally in almost 40 countries in the corporate clients’
   business. The Bank focusses on the German Mittelstand, large corporates,
   and institutional clients. As part of its international business,
   Commerzbank supports clients with German connectivity and companies
   operating in selected future-oriented industries. In the Private and
   Small-Business Customers segment, the Bank is at the side of its customers
   with its brands Commerzbank and comdirect: online and mobile, in the
   advisory centre, and personally in its branches. Its Polish subsidiary
   mBank S.A. is an innovative digital bank that serves approximately
   5.7 million private and corporate customers, predominantly in Poland, as
   well as in the Czech Republic and Slovakia.

    

   Disclaimer and Forward-Looking Statement

   This release contains forward-looking statements. Forward-looking
   statements are statements that are not historical facts. In this release,
   these statements concern inter alia the expected future business of
   Commerzbank, efficiency gains and expected synergies, expected growth
   prospects and other opportunities for an increase in value of Commerzbank
   as well as expected future financial results, restructuring costs and
   other financial developments and information. These forward-looking
   statements are based on the management’s current plans, expectations,
   estimates and projections. They are subject to a number of assumptions and
   involve known and unknown risks, uncertainties and other factors that may
   cause actual results and developments to differ materially from any future
   results and developments expressed or implied by such forward-looking
   statements. Such factors include the conditions in the financial markets
   in Germany, in Europe, in the USA and other regions from which Commerzbank
   derives a substantial portion of its revenues and in which Commerzbank
   holds a substantial portion of its assets, the development of asset prices
   and market volatility, especially due to the ongoing European debt crisis,
   potential defaults of borrowers or trading counterparties, the
   implementation of its strategic initiatives to improve its business model,
   the reliability of its risk management policies, procedures and methods,
   risks arising as a result of regulatory change and other risks.
   Forward-looking statements therefore speak only as of the date they are
   made. Commerzbank has no obligation to update or release any revisions to
   the forward-looking statements contained in this release to reflect events
   or circumstances after the date of this release.

    

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   ISIN:          DE000CBK1001
   Category Code: MSCU
   TIDM:          CZB
   LEI Code:      851WYGNLUQLFZBSYGB56
   Sequence No.:  219093
   EQS News ID:   1545953


    
   End of Announcement EQS News Service

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