DAB über uns

Corporate Communications vom 26.04.2005

DAB bank reports significant increase in its quarterly profit

<h2>DAB bank reports significant increase in its quarterly profit</h2> <div class="editor"> <p>Growth in securities accounts and assets under management, coupled with higher profit: Consolidated pretax profit is EUR 9.586 million / Securities accounts higher by 54,957 / Customer assets under custody reach new record level of EUR 19.41 billion</p> </div> <div class="editor"> <p><strong>Munich, 26.04.2005.</strong> The DAB bank Group, Munich, which operates in Germany and Austria, reported a pretax profit of EUR 9.586 million for the first quarter of 2005, 46.6% higher than the comparable prior-year quarter (Q1/2004: EUR 6.538 million) and the best quarterly profit in the company's history. The first main factor contributing to this strong result was the very good business performance of DAB bank AG and direktanlage.at AG, which together contributed an operating profit of EUR 6.064 million. Compared to the previous quarter, this means an increase by more than 100 % (Q4/2004: EUR 2.717 million), while the number of transactions rose by 19.0 %. The second main factor was a profit contribution of EUR 3.522 million from the first-time consolidation of FSB FondsServicebank GmbH (FSB).<br> <br> The first-time consolidation of FSB as of January 1, 2005 resulted in restructuring and integration expenses of EUR 3.400 million and a first-quarter operating loss of EUR 1.057 million for FSB. The IFRS requirement that any negative differences (badwill) arising from the equity consolidation process be recognized immediately in income gave rise to the recognition of an "other income" amount of EUR 7,979 million.<br> <br> Due to the first-time consolidation of FSB, both the total income and the total expenses of the DAB bank Group were higher than the corresponding figures for the preceding quarter and the comparable year-ago quarter. The total income of the DAB bank Group for the first quarter of 2005 was EUR 48.688 million (Q1/2004: EUR 35.563 million). The net commission income for the Group as a whole was EUR 23.750 million, 5.8% higher than the prior-year period (Q1/2004: EUR 22.444 million).</p> </div> <div class="editor"> <p>The net financial income, defined as the sum of net interest income before provisions for possible losses, plus the profit/loss from investments and the trading profit/loss, improved to EUR 8.635 million (Q1/2004: EUR 6.777 million). The total expenses amounted to EUR 39.102 million (Q1/2004: EUR 28.657 million). The administrative expenses came to EUR 27.637 million, 8.7% higher than the fourth quarter of 2004 and 20.3% higher than the comparable prior-year quarter (Q1/2004: EUR 22.967 million). This increase resulted primarily from the higher personnel expenses associated with the acquisition of FSB.<br> <br> As the No. 1 direct bank for securities-related services, DAB bank achieved significant growth both in the number of securities accounts carried and the volume of customer assets under custody. The number of securities accounts rose 6.4% over their number at year-end 2004 for DAB bank and FSB combined, reaching 913,308. Compared to the year-earlier figure, the number of securities accounts has nearly doubled (Q4/2004 DAB bank combined with FSB: 858,351, Q1/2004: 461,441). DAB bank AG und direktanlage.at AG together added 17,463 securities accounts over the year-ago quarter. The customer assets under custody in the DAB bank Group also grew substantially in the first quarter, reaching a new record level of EUR 19.41 billion. This figure was EUR 1.28 billion or 7.1% higher than the corresponding figure for the fourth quarter of 2004 and EUR 6.47 billion or 50.0% higher than the corresponding figure for the first quarter of 2004 (Q4/2004 DAB bank combined with FSB: EUR 18.13 billion, Q1/2004: EUR 12.94 billion). DAB bank AG und direktanlage.at AG together added EUR 1.66 billion to customer assets under custody since the first quarter of 2004.The number of trades executed for customers rose to 1,982,855, including 1,090,547 trades executed by FSB. DAB bank AG and direktanlage.at executed 892,308 trades, 19.0% more than in the preceding quarter (Q4/2004: 750,038, Q1/2004: 1,004,058). The key indicator of trades per securities account and year came to 8.95 for the Group and 7.04 for DAB bank AG.<br> <br> DAB bank is affirming its goals for 2005, which are to raise the consolidated pretax profit by 30% to EUR 21.0 million and to increase the number of securities accounts by more than 140,000. By the end of 2007, DAB bank Group is striving to triple its return on equity before taxes to 30%. Subject to the approval of the shareholders at the annual meeting to be held on May 13, 2005, a dividend of 15 cents per share will be distributed for 2004.</p> </div> <div class="editor"> <p><strong>Key operating figures and results of DAB bank Group for Q1 2005, according to IFRS:</strong></p> </div> <div class="tableContainerWide"> <h3>Key performance indicators</h3> <table width="485" cellspacing="0" cellpadding="1" border="1" align="" class="tableContent"> <thead> <tr class="each"> <th scope="col" class=""><strong><br></strong></th> <th scope="col" class=""><strong><br></strong></th> <th scope="col" class=""><strong>Q1/2005<br></strong></th> <th scope="col" class=""><strong>Q4/2004<br></strong></th> <th scope="col" class="last"><strong>Q1/2004<br></strong></th> </tr> </thead> <tbody> <tr class="odd"> <td class="">Securities accounts<br> <br></td> <td class="">No.<br> <br></td> <td valign="middle" align="right" class=""><br> 913,308<br></td> <td valign="middle" align="right" class=""><br> 473,796<br></td> <td valign="middle" align="right" class="last"><br> 461,441<br></td> </tr> <tr class="each"> <td class=""><br> Trades executed<br></td> <td class=""><br> No.<br></td> <td valign="middle" align="right" class="">1,982,855<br></td> <td valign="middle" align="right" class="">750,038<br> <br></td> <td valign="middle" align="right" class="last">1,004,038<br></td> </tr> <tr class="odd"> <td class=""><br> Trades per securities account (annualized)<br></td> <td class="">No.<br> <br></td> <td valign="middle" align="right" class="">8.95<br> <br></td> <td valign="middle" align="right" class="">6.40<br> <br></td> <td valign="middle" align="right" class="last">8.70<br> <br></td> </tr> <tr class="each"> <td valign="top" class="">Customer assets under mgmt<br> thereof in investment funds<br></td> <td valign="top" class="">&euro; bn<br></td> <td valign="middle" align="right" class="">19.41<br> 10.98<br> <br></td> <td valign="middle" align="right" class="">13.90<br> 5.73<br></td> <td valign="middle" align="right" class="last">12.94<br> 5.26<br></td> </tr> </tbody> </table> </div> <div class="tableContainerWide"> <h3>Key performance indicators</h3> <table width="485" cellspacing="0" cellpadding="1" border="1" align="" class="tableContent"> <thead> <tr class="each"> <th class="" scope="col"><strong><br></strong></th> <th class="" scope="col"><strong><br></strong></th> <th class="" scope="col"><strong>Q1/2005<br></strong></th> <th class="" scope="col"><strong>Q7/2004**<br></strong></th> <th class="" scope="col"><strong>Q1/2004<br></strong></th> </tr> </thead> <tbody> <tr class="odd"> <td class="">Net financial income*<br></td> <td class="">&euro; thsd<br></td> <td align="right" class="">8,635<br></td> <td align="right" class="">6,775<br></td> <td align="right" class="">6,777<br></td> </tr> <tr class="each"> <td class="">Net commission income<br></td> <td class="">&euro; thsd<br></td> <td align="right" class="">23,750<br></td> <td align="right" class="">17,968<br></td> <td align="right" class="">22,444<br></td> </tr> <tr class="odd"> <td class="">Administrative expenses<br></td> <td class="">&euro; thsd<br></td> <td align="right" class="">27,637<br></td> <td align="right" class="">25,433<br></td> <td align="right" class="">22,967<br></td> </tr> <tr class="each"> <td valign="top" class="">Pretax profit<br></td> <td valign="top" class="">&euro; thsd<br></td> <td align="right" class="">9,586<br></td> <td align="right" class="">2,717<br></td> <td align="right" class="">6,538<br></td> </tr> <tr class="odd"> <td valign="top" class="">Net profit for the year<br></td> <td valign="top" class="">&euro; thsd<br></td> <td align="right" class="">7,966<br></td> <td align="right" class="">13,608<br></td> <td align="right" class="">5,891<br></td> </tr> <tr class="each"> <td valign="top" class="">Cost-income ratio<br></td> <td valign="top" class="">in %<br></td> <td align="right" class="">76.4<br></td> <td align="right" class="">89.2<br></td> <td align="right" class="">76.9<br></td> </tr> <tr class="odd"> <td valign="top" class="">Earnings per share<br></td> <td valign="top" class="">&euro;<br></td> <td align="right" class="">0.11<br></td> <td align="right" class="">0.18<br></td> <td align="right" class="">0.08<br></td> </tr> </tbody> </table> </div>
Seite 72/80

IR international


Information on the takeover offer of BNP Paribas Beteiligungsholding AG

More Information

BIC: DABBDEMMXXX | Bankleitzahl (BLZ): 701 204 00

Seite drucken Weiterleiten