Commerzbank Aktiengesellschaft

  • WKN: CBK100
  • ISIN: DE000CBK1001
  • Land: Deutschland

Nachricht vom 28.10.2019 | 17:01

Commerzbank: Preliminary operating profit for the third quarter 2019 at EUR 448 million and above consensus of EUR 353 million

Commerzbank Aktiengesellschaft (CZB)

28-Oct-2019 / 17:01 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


On the basis of preliminary figures, Commerzbank posted an operating profit of EUR 448 million for the third quarter 2019 (Q2 2019: EUR 298 million, Q3 2018: EUR 346 million). The net profit stood at EUR 294 million (Q2 2019: EUR 271 million, Q3 2018: EUR 218 million). Both exceeded consensus of EUR 353 million for the operating profit and EUR 248 million for the net profit.

The higher than expected operating profit is based on higher revenues, reduced costs and a lower risk result than in Q3 2018, which are all better than consensus.

- Revenues increased by 2.0% to EUR 2,183 million.

- Exceptional items contributed net with EUR13 million to these revenues (Q3 2018: EUR 18 million). They include the sale of ebase which positively contributed to revenues with EUR 103 million while other exceptional items weighed on revenues with EUR 90 million.

- Revenue increase excluding exceptional items benefitted in particular from a 2.7% increase in net interest income reflecting further growth in customers and assets.

- Operating expenses and compulsory contributions decreased by 2.5% to EUR 1,621 million.

- The net decrease in costs is based on prioritized and more efficient investments as well as further cost management, compensating higher compulsory contributions and general cost inflation.

- The risk result stood at EUR -114 million (Q3 2018: EUR -133 million).

- In the segments, the operating profit of PSBC stood at EUR 315 million (Q3 2018: EUR 186 million), while

- Corporate Clients reported an operating profit of EUR 146 million (Q3 2018: EUR 175 million).

Figures shown in this release are preliminary. Commerzbank will publish its final figures for the third quarter 2019 on 7 November 2019.




Contact:
Christoph Wortig
Head of Investor Relations
Commerzbank AG
Investor Relations
Tel.: +49 69 136 - 21331
e-mail:ir@commerzbank.com



show this

GBC-Fokusbox

MBH Corporation. Hohes Kurspotenzial

Die MBH Corporation plc hat in den vergangenen Berichtsperioden eine sehr hohe M&A-Aktivität aufgezeigt. Unter Anwendung der so genannten Agglomeration Methodology hat die Beteiligungsgesellschaft branchenübergreifend seit 2018 11 Beteiligungen erworben. Bei einem Pro-Forma-Umsatz der Beteiligungsgesellschaften von über 120 Mio. GBP und einem Pro-Forma-EBITDA in Höhe von über 11 Mio. GBP weist die MBH derzeit eine Marktkapitalisierung von umgerechnet gerade einmal 19,8 Mio. GBP auf. Ausgehend vom aktuellen Aktienkurs liegt zu unserem Kursziel in Höhe von 1,95 € ein hohes Kurspotenzial vor

News im Fokus

MTU Aero Engines AG nimmt Jahresprognose für 2020 zurück

26. März 2020, 15:15

Aktueller Webcast

SeaChange Corporation

Fourth Quarter Fiscal Year 2020 Results

06. April 2020

Aktuelle Research-Studie

3U HOLDING AG

Original-Research: 3U HOLDING AG (von GSC Research GmbH): Kaufen

27. März 2020