Webdisclosure.com

Search

COMDIRECT BANK AG (FRA:COM) 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

Directive transparence : information réglementée

08/10/2019 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


08-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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

fncls.ssp?fn=show_t_gif&application_id=886943&application_name=news&site_id=symex