DGAP-Ad-hoc: Deutsche Pfandbriefbank AG / Key word(s): Change in Forecast
Following a strong third-quarter performance, with pre-tax profit of EUR70 million, pbb increased profit before taxes for the first nine months of the year to EUR187 million (Q3 2018: EUR49 million / 9m 2018: EUR171 million; consolidated figures in accordance with IFRS, unaudited). On this basis, and especially in view of the fourth quarter, pbb resolved today to further raise its 2019 full-year guidance and now aims to achieve a pre-tax profit between EUR205 million and EUR215 million. In its most recent guidance, pbb had anticipated pre-tax profit at the upper end of the range between EUR170 million and EUR190 million, or slightly above. Similar to the previous year, the raised guidance incorporates for the fourth quarter considerably higher expenditure, together with stable net interest income. In particular, given persistent economic uncertainty, the bank anticipates adjusting risk provisioning. In addition - also in line with the fourth quarter of the previous year - regulatory and investment-related expenses will increase.
Managing Director, Communications
+49 (0) 89 2880 28 787
07-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Deutsche Pfandbriefbank AG|
|Phone:||+49 (0) 89 2880 28 201|
|Fax:||+49 (0) 89 2880 22 28 201|
|ISIN:||DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unter https://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrumente.html. The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AG are available on Deutsche Pfandbriefbank's Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxembourg Stock Exchange, SIX|
|EQS News ID:||907707|
|End of Announcement||DGAP News Service|
907707 07-Nov-2019 CET/CEST