EUWAX AG

ots Ad hoc-Service: Euwax Broker AG In the first quarter 2001, EUWAX Broker AG has generated a profit after taxes of Tsd. EUR 1,620

Ad hoc-announcement. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Stuttgart (ots Ad hoc-Service) - In the first quarter 2001, EUWAX Broker AG has generated a profit after taxes of Tsd. EUR 1,620. That corresponds to earnings per share (according to DVFA/SG) of EUR 0.43. The new business year runs according to plans. In spite of the depression on the actual markets, EUWAX Broker AG was able to achieve its plans for the 1.quarter. Projected for the year as a whole, the net income after taxes of Tsd. EUR 7,490 was only 3% lower than the record result of the previous year and just 6% lower than planned. The projected pre-tax profit for the year 2001 of Tsd. EUR 12,279 is with 19% declining, but is with a target range of 94% still within the planning area. The Board of Managing Directors expects earnings per share of EUR 1.98 for the year (2000: EUR 2.14). Some important figures: Year 2000 1st.Quarter 2001 Projection 2001 Earnings per share EUR 2.14 0.43 1.98 (according DVFA/SG standards) Cash Flow per share EUR 2.19 0.57 2.07 (according DVFA/SG standards) Total income Tsd. EUR 25,471 4,829 20,450 Total expenditures Tsd. EUR 10,351 2,146 8,171 Profit before taxes Tsd. EUR 15,121 2,683 12,279 Profit after taxes Tsd. EUR 7,750 1,620 7,490 Cash Flow Tsd. EUR 8,199 2,131 7,768 (according DVFA/SG standards) Employees average 54 75 77 Trading profit Tsd. EUR 24,518 4,292 19,081 Trades Tsd. 5,087 1,247 5,000 Market shares warrants average 68% 77% 77% The development of the warrant-trading is very satisfying. Due to the specialization on this business segment, the company has also a good profit during bearish periods. A reason for this is the increasing demand for puts when markets go down. The development of the share and proprietary trading does not meet our expectations yet. These segments are influenced in a negative way by the extremely bad market conditions. Even if the present market depression should continue, the company is confident to reach last years profit after taxes. End of message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: EUWAX AG, übermittelt durch news aktuell

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