comdirect bank AG: Pre-tax profit expectation for 2019 raised to more than EUR185m after significant increase in group pre-tax profit for the third quarter of 2019
Ad-hoc release according to Art 17 MAR
Quickborn, 8 October 2019. comdirect bank AG* anticipates a pre-tax profit of approximately EUR175m based on preliminary numbers for the first nine months of 2019. Therefore, the expected group pre-tax profit for the full year improves to more than EUR185m (previous expectation: more than EUR170m before tax).
The reason for the adjustment of the expectation is the strong preliminary pre-tax profit from continuing activities of approximately EUR30m in the third quarter of 2019. As a result of increased total income and decreased administrative expenses, the operating profit was significantly higher than in previous quarters. In addition, a higher result from discontinued activities was achieved.
* Admitted to the Regulated Market on the Frankfurt stock exchange Contact: Heike Schmitz, Head of Finance, Controlling & Investor Relations +49 4106 704 1610, firstname.lastname@example.org
08-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: comdirect bank AG Pascalkehre 15 25451 Quickborn
Germany Phone: + 49 (0) 4106/704-0 Fax: + 49 (0) 4106/708-2580 E-mail: email@example.com Internet: www.comdirect.de ISIN: DE0005428007 WKN: 542800 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 886943 End of Announcement DGAP News Service
886943 08-Oct-2019 CET/CEST