EQS-News: Baader Bank increases Group's pre-tax profit in the first nine months
EQS-News: Baader Bank AG
/ Key word(s): 9 Month figures
Baader Bank increases Group's pre-tax profit in the first nine months
Earnings from the trading business rose to EUR 47.0 million (9M 2023: EUR 29.8 million) in the same period. Baader Bank benefits from increased trading volumes compared to the same period of the previous year, especially on the electronic trading platform gettex. Furthermore, the branding initiative for Baader Bank's trading offering under the 'Baader Trading' slogan was accelerated further and showed its first positive effects in the reporting period. The three subsidiaries of Baader Bank Group—the Swiss Baader Helvea Group, Baader & Heins Capital Management AG and the Selan Group also contributed positively to the nine-month result. Total expenses in the first nine months of 2024 rose to EUR 147.5 million, representing an increase of 22% compared to the same period of the previous year (9M 2023: EUR 120.8 million). On the one hand, this is due to a year-on-year increase in personnel expenses to EUR 65.6 million (9M 2023: EUR 53.0 million). On the other hand, operating expenses rose to EUR 70.8 million (9M 2023: EUR 63.7 million) due to continued investments to optimise the IT infrastructure and the expansion of platform functionality. At the nine-month period of 2024, pension expenses swelled to EUR 11.1 million (9M 2023: EUR 4.0 million) and included allocations to the fund for general banking risks of EUR 10.0 million (9M 2023: EUR 6.8 million) as a result of the higher trading income. As at 30 September 2024, the Group had 606 employees (in full-time equivalents) (31 December 2023: 560).
In the past quarter, Baader Bank extended its cooperation agreements with Traders Place, sino AG, Smartbroker+ and finanzen.net ZERO. Collaborative relationships in account and trading business have been pre-emptively extended by several years in each case. By working with its existing B2B partners and acquiring new ones, Baader Bank is focusing on further collaborations. The account and securities account business continued to grow in 2024 to date in terms of the number of securities accounts managed by Baader Bank, with more than 300,000 new securities accounts opened in the nine-month period (31 December 2023: 1,277,000 securities accounts). Managed customer assets, consisting of securities account volumes and customer deposits, have increased above EUR 40 billion for the first time to a total of EUR 41.1 billion (31 December 2023: EUR 31.7 billion). In addition, new B2B partnerships are being developed in Baader Bank's cooperation business, reducing dependence on individual partners. As a consequence of the growing B2B2C cooperation business, trading business with cryptocurrencies is also continuing to establish itself. Baader Bank acts as a financial trading agent for cryptoassets in the crypto trading sector, offering cryptoasset safekeeping for customers through an approved crypto depositary. The focus is on the expansion of the bank's existing crypto trading setup, including incorporating new B2B2C partners and implementing the increased regulatory requirements in the crypto services segment.
Sound capital resources form basis for further growth As at 30 September 2024, Baader Bank's total assets had increased slightly compared to the end of the previous financial year, growing to EUR 4.1 billion (31 December 2023: EUR 3.9 billion). Baader Bank's equity had risen to EUR 180.9 million (31 December 2023: EUR 165.5 million) and its total capital ratio at the nine-month period of 2024 was 21.3% (31 December 2023: 23.0%). With this basis, Baader Bank believes it is fundamentally in a solid position in respect of its ongoing business activities, taking further development potential into account.
Earnings expectations revised On 19 September 2024, Baader Bank increased its previous forecast for the 2024 financial year. In the context of the results trend, the Management Board expects the forecast (earnings before tax at a similar level as in 2023) for 2024 as a whole to be considerably exceeded. Accordingly, the Management Board anticipates that earnings before tax for 2024 as a whole between EUR 25 and 32 million will be significantly greater than the earnings before tax generated in the 2023 financial year (EUR 4.0 million). It should be noted that the Management Board believes that given unforeseeable and external factors, reliable forecasts of business development can only be made subject to certain limitations. The focus of business activities will be on medium- and long-term strategic goals for the remainder of the financial year. Baader Bank has positioned itself as one of the leading partners for securities and banking services in Europe. It is a professional partner and operator of a platform offering market-leading technology and processes.
Overview of key figures 9M2024
For further information and media inquiries: Baader Bank AG Next dates: About Baader Bank AG:
31.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Baader Bank AG |
Weihenstephaner Str. 4 | |
85716 Unterschleissheim | |
Germany | |
Phone: | +49 89 5150 1017 |
Fax: | +49 89 5150 1111 |
E-mail: | communications@baaderbank.de |
Internet: | www.baaderbank.de |
ISIN: | DE0005088108 |
WKN: | 508810 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 2019379 |
End of News | EQS News Service |
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2019379 31.10.2024 CET/CEST
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Die wichtigsten Finanzdaten auf einen Blick | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Umsatzerlöse1 | 98,12 | 104,34 | 212,66 | 215,48 | 159,60 | 170,80 | 0,00 | |
EBITDA1,2 | -14,22 | 3,20 | 92,68 | 79,65 | 23,31 | 15,97 | 0,00 | |
EBITDA-Marge3 | -14,49 | 3,07 | 43,58 | 36,96 | 14,61 | 9,35 | 0,00 | |
EBIT1,4 | -14,22 | -8,02 | 81,53 | 70,54 | 12,18 | 3,96 | 29,00 | |
EBIT-Marge5 | -14,49 | -7,69 | 38,34 | 32,74 | 7,63 | 2,32 | 0,00 | |
Jahresüberschuss1 | -21,02 | -0,41 | 46,84 | 46,80 | 8,88 | 2,83 | 20,00 | |
Netto-Marge6 | -21,42 | -0,39 | 22,03 | 21,72 | 5,56 | 1,66 | 0,00 | |
Cashflow1,7 | -1,78 | 31,24 | 130,40 | 897,08 | 366,37 | 1.646,62 | 0,00 | |
Ergebnis je Aktie8 | -0,46 | -0,01 | 1,01 | 1,00 | 0,18 | 0,06 | 0,40 | |
Dividende8 | 0,00 | 0,00 | 0,25 | 0,35 | 0,05 | 0,00 | 0,15 |
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: KPMG
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WKN | ISIN | Rechtsform | Börsenwert | IPO | Einschätzung | Plus Code |
508810 | DE0005088108 | AG | 188,85 Mio € | 01.08.1994 | Kaufen | 8FWH7HPP+HQ |
KGV 2025e | KGV 10Y-Ø | BGFL-Ratio | Shiller-KGV | KBV | KCV | KUV |
8,80 | 16,33 | 0,54 | 21,86 | 1,08 | 0,11 | 1,11 |
Dividende '2022 in € |
Dividende '2023 in € |
Dividende '2024e in € |
Div.-Rendite '2024e in % |
0,05 | 0,00 | 0,15 | 3,88% |
Hauptversammlung | Q1-Zahlen | Q2-Zahlen | Q3-Zahlen | Bilanz-PK |
04.07.2024 | 30.04.2025 | 25.07.2024 | 31.10.2024 | 27.03.2025 |
Abstand 60-Tage-Linie | Abstand 200-Tage-Linie | Performance YtD | Kursveränderung 52 Wochen | IPO |
-5,66% | -2,74% | +14,84% | +12,17% | +0,00% |
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