Deutsche Pfandbriefbank AG

  • WKN: 801900
  • ISIN: DE0008019001
  • Land: Deutschland

Nachricht vom 07.11.2019 | 17:46

Deutsche Pfandbriefbank AG: pbb raises guidance for the full year 2019, to a pre-tax profit between EUR205 million and EUR215 million

Deutsche Pfandbriefbank AG / Key word(s): Change in Forecast
Deutsche Pfandbriefbank AG: pbb raises guidance for the full year 2019, to a pre-tax profit between EUR205 million and EUR215 million

07-Nov-2019 / 17:46 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.


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.




Contact:
Walter Allwicher
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.
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