DGAP-News: Baader Wertpapierhandelsbank AG

DGAP-News: Baader Bank AG: Baader Bank holds its own in a difficult market environment

Baader Bank AG / Key word(s): Quarter Results/Quarter Results

20.10.2010 09:02 ---------------------------------------------------------------------------

Unterschleissheim, 20 October 2010

In an ongoing difficult market environment Baader Bank AG generated a profit in the third quarter of 2010. In the traditionally weakest stock market quarter in terms of revenues the bank's profit from operations declined to EUR 2.3 million (Q3 2009: EUR 10.2 million). The profit from ordinary activities also fell in the reporting period to EUR 2.3 million (Q3 2009: EUR 9.6 million). Earnings after taxes dropped to EUR 1.1 million (Q3 2009: EUR 6.7 million). 'Above all we have felt the effects of the low trading activity of investors during the summer months,' said Uto Baader, Chairman of the Board of Directors of Baader Bank AG.

Net trading income accordingly fell between July and September to EUR 8.9 million compared with EUR 23.4 million in the same quarter of the previous year and net fee and commission income dropped to EUR 7.6 million (Q3 2009: EUR 9.7 million). This development was cushioned by Baader Bank's variable salary model, which enabled a cut in administrative expenses of 14.1% to EUR 20.1 million in the third quarter.

As at 30 September 2010, the Group had equity of EUR 178.2 million (31 December 2009: EUR 177.6 million). In the first nine months of the year, earnings per share amounted to EUR 0.19, down from EUR 0.35 year on year.

The Group employed 367 staff as at 30 September 2010 (30 September 2009: 349).



Key figures (EUR 1.1.- 1.1.- million) 30.9.2010 30.9.2009 Q3 2010 Q3 2009 Net fee and commission income 25.9 27.0 7.6 9.7 Net trading income 44.7 61.1 8.9 23.4 Administrative expenses - 63.3 - 69.6 - 20.1 - 23.4 Profit from operations 11.3 19.2 2.3 10.1 Profit from ordinary activities 12.1 20.1 2.3 9.6 Earnings after taxes 8.5 15.7 1.1 6.7



The Board of Directors



Published by:

Baader Bank Aktiengesellschaft Contact: Thomas Spengler Weihenstephaner Str. 4 85716 Unterschleissheim Tel. +49 89 5150-1030 Fax +49 89 5150-291030 thomas.spengler@baaderbank.de www.Baaderbank.de





20.10.2010 09:02 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Baader Bank AG Weihenstephaner Str. 4 85716 Unterschleissheim Deutschland Phone: +49 (0)89/ 5150-0 Fax: +49 (0)89/ 5150-291030 E-mail: info@Baaderbank.de Internet: www.Baaderbank.de ISIN: DE0005088108 WKN: 508810 Listed: Freiverkehr in Hamburg, München (m:access), Düsseldorf, Berlin, Stuttgart, Hannover; Open Market in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------