Deutsche Pfandbriefbank AG: pbb raises 2017 full-year PBT guidance to between EUR195 million and EUR200 million
November 02, 2017 at 10:30 am EDT
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DGAP-Ad-hoc: Deutsche Pfandbriefbank AG / Key word(s): Change in Forecast
Deutsche Pfandbriefbank AG: pbb raises 2017 full-year PBT guidance to between EUR195 million and EUR200 million
02-Nov-2017 / 15:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Deutsche Pfandbriefbank AG (pbb) generated consolidated pre-tax profit of EUR51 million (IFRS, unaudited) during the third quarter. Pre-tax profit for the first nine months totalled EUR154 million. Against this background, and especially given an anticipated stable development in the fourth quarter, pbb raises its guidance for the full year 2017, to pre-tax profit of between EUR195 million and EUR200 million. At the half-year point, pbb had moderately raised its original expectations of between EUR150 million and EUR170 million for the first time, indicating a pre-tax result at the upper end of the range, or slightly above.
Contact:
Walter Allwicher
+49 (0) 89 2880 28 787
02-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Deutsche Pfandbriefbank AG
Freisinger Strasse 5
85716 Unterschleissheim
Germany
Phone:
+49 (0) 89 2880 28 201
Fax:
+49 (0) 89 2880 22 28 201
E-mail:
info@pfandbriefbank.com
Internet:
http://www.pfandbriefbank.com
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/investor-relations/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstumente.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/investor-relations/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html
WKN:
801900
Indices:
MDAX
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxemburg, SIX
Deutsche Pfandbriefbank AG is a Germany-based bank for real estate finance and public investment finance. The Company is engaged in three core business areas: Public Sector Finance, Real Estate Finance and Debt Instruments. Public Sector Finance includes the financing of public sector investments in the fields of infrastructure, municipal and residential construction, utilities and healthcare. In addition, it provides investment lending and debt management. Real Estate Finance includes real estate investment funding and financing instruments, such as financing investment projects, portfolio financing, standby facilities and derivatives. Debt Instruments includes fixed income bonds involving issuing mortgage and public sector debentures. The Company is active in Europe, notably in France, the United Kingdom, Benelux countries, Nordic countries, Switzerland, Spain, Hungary, and the Czech Republic. The Company is a part of the HRE Group, which is wholly owned by the German government.
DEUTSCHE PFANDBRIEFBANK AG 
