DGAP-Ad-hoc: comdirect bank AG / Key word(s): Quarter Results
comdirect bank AG: Exceptionally high Q1 result expected

09-Apr-2020 / 13:13 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.

Quickborn, 9 April 2020. comdirect bank AG* expects to generate a pre-tax profit of more than ?75 million in the first quarter of 2020 (prior year: ?12.5 million). This would be significantly ahead of current market expectations. The strong increase in the result is due to a significant increase in net commission income due to the strong market volatility in the quarter; meanwhile expenses remained largely stable.

The impact of the current economic situation on the economy overall as well as on the company are currently not quantifiable. Therefore, our last published forecast for the full year 2020 of ?100 to 120 million in pre-tax profit remains unchanged at this point in time.


Contact:
Simone Glass,
Head of Investor Relations
+49 4106 704 1966, simone.glass@comdirect.de

09-Apr-2020 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: 1019493

 
End of Announcement DGAP News Service

1019493  09-Apr-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1019493&application_name=news&site_id=zonebourse