DGAP-Adhoc: 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

2019. október 08., kedd, 12:25





DGAP-Ad-hoc: comdirect bank AG / Key word(s): Change in Forecast


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


08-Oct-2019 / 12:25 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




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, heike.schmitz@comdirect.de











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Language: English
Company: comdirect bank AG

Pascalkehre 15

25451 Quickborn

Germany
Phone: + 49 (0) 4106/704-0
Fax: + 49 (0) 4106/708-2580
E-mail: ir@comdirect.de
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







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