Financial year Preliminary figures. All figures are unaudited. The final and complete. Annual Report 2017 will be published. on March

Transcription

1 Financial year 2017 Preliminary figures All figures are unaudited. The final and complete Annual Report 2017 will be published on March

2 1 Key figures of comdirect group Customers, Assets under Control and key products Change in % comdirect group* Customers number 3,337,580 3,116, Custody accounts number 2,076,195 1,867, Total Assets under Control in million 91,373 75, of which: portfolio volume in million 69,118 57, of which: deposit volume in million 22,254 18, Business-to-customer (B2C) business line Customers number 2,286,182 2,080, Custody accounts number 1,202,203 1,006, Current accounts number 1,430,877 1,355, Total Assets under Control in million 59,019 45, of which: portfolio volume in million 37,094 27, of which: deposit volume in million 21,924 18, Credit volume in million Business-to-business (B2B) business line Customers number 1,051,398 1,035, Custody accounts number 873, , Total Assets under Control in million 32,354 29, of which: portfolio volume in million 32,024 29, of which: deposit volume in million Orders and order volume Executed orders number 29,551,541 24,782, of which: B2C number 17,176,784 14,235, of which: B2B number 12,374,757 10,546, Average order activity per custody account (B2C) number Order volume per executed order (B2C) 1) in 5,142 4, Earnings ratios Net commission income in thousand 251, , Net interest income before provisions for possible loan losses in thousand 94, , Administrative expenses in thousand 284, , Pre-tax profit in thousand 94, , Net profit in thousand 71,544 92, Earnings per share in Return on equity before tax 2) in % Return on equity after tax 3) in % Cost/income ratio in % Balance sheet key figures Balance sheet total in million 23,032 19, Equity in million Equity ratio 4) in % Employees figures Employees number 1,443 1, Employees full-time basis number 1, , *) B2C: comdirect bank AG including former onvista group; B2B: ebase GmbH; contributions of onvista from the date of closing onwards (3 April 2017) 1) excluding CFD trades 2) Pre-tax profit/average equity (excluding revaluation reserves) in the reporting period 3) After-tax profit/average equity (excluding revaluation reserves) in the reporting period 4) Equity (excluding revaluation reserves)/balance sheet total

3 2 Income statement Income statement of comdirect group according to IFRS thousand Interest income 111, ,041 Interest expenses 17,673 17,229 Net interest income before provisions for possible loan losses 94, ,812 Provisions for possible loan losses 1,460 1,074 Net interest income after provisions for possible loan losses 95, ,886 Commission income 452, ,952 Commission expenses 200, ,540 Net commission income 251, ,412 Trading result and result from hedge accounting 692 1,351 Result from financial investments 21,933 43,172 Administrative expenses 284, ,960 Other operating result 10,595 5,505 Pre-tax profit 94, ,664 Taxes on income 23,317 28,153 Net profit 71,544 92,511 Undiluted/diluted earnings per share Net profit (in thousand) 71,544 92,511 Average number of ordinary shares (number) 141,220, ,220,815 Undiluted/diluted earnings per share (in ) No shares were issued in the financial year so that the average number of ordinary shares corresponds to the number of ordinary shares outstanding as of 31 December Statement of comprehensive income Statement of comprehensive income of comdirect group according to IFRS thousand Net profit 71,544 92,511 Items which cannot be reclassified to the income statement Change in actuarial gains/losses recognised in equity 1,103 3,669 Items which can be reclassified to the income statement Change in the revaluation reserves after tax Change in value recognised in equity 5,463 8,583 Reclassification to the income statement 21,157 37,005 Other comprehensive income for the period 25,517 32,091 Comprehensive income 46,027 60,420 Net profit and comprehensive income for the reporting period are attributable in full to the shareholders of comdirect bank AG.

4 3 Balance sheet Balance sheet of comdirect group according to IFRS thousand Assets as of as of Cash reserve 2,362,901 2,138,165 Claims on banks 17,306,614 13,432,413 Claims on customers 495, ,114 Financial investments 2,770,145 3,268,287 Intangible assets 50,098 24,255 Fixed assets 18,596 15,546 Current income tax assets 4, Deferred income tax assets 0 3,591 Other assets 24,533 15,886 Total assets 23,032,453 19,273,455 Liabilities and equity as of as of Liabilities to banks 9,288 15,577 Liabilities to customers 22,274,039 18,518,937 Negative fair values from derivative hedging instruments 0 1,447 Provisions 33,501 39,583 Current income tax liabilities 234 2,429 Deferred income tax liabilities 74 0 Other liabilities 76,433 67,320 Equity 638, ,162 Subscribed capital 141, ,221 Capital reserve 223, ,296 Retained earnings 182, ,769 Revaluation reserves 20,745 47,365 Net profit 71,544 92,511 Total liabilities and equity 23,032,453 19,273,455

5 4 Segment reporting by business line thousand B2C B2B Consolidation comdirect group total Interest income 111, ,837 Interest expenses 16, ,673 Net interest income before provisions for possible loan losses 94, ,164 Provisions for possible loan losses 1, ,460 Net interest income after provisions for possible loan losses 96, ,624 Commission income 223, , ,626 Commission expenses 29, , ,698 Net commission income 194,235 57, ,928 Trading result and result from hedge accounting Result from financial investments 21, ,933 Administrative expenses 239,324 45, ,527 Other operating result 9,285 1, ,595 Pre-tax profit 81,240 13,621 94,861 Segment investments 26,003 4,718 30,721 Segment depreciation 12,952 4,894 17,846 Cost/income ratio 75.0% 77.0% 75.3% Segment income 372, ,115 of which external income 372, ,882 of which inter-segmental income Segment expenses 291, ,494

6 5 Segment reporting by business line thousand B2C B2B Consolidation comdirect group total Interest income 134, ,041 Interest expenses 16, ,229 Net interest income before provisions for possible loan losses 118, ,812 Provisions for possible loan losses 1, ,074 Net interest income after provisions for possible loan losses 119, ,886 Commission income 179, , ,952 Commission expenses 16, , ,540 Net commission income 163,169 52, ,412 Trading result and result from hedge accounting 1, ,351 Result from financial investments 43, ,172 Administrative expenses 217,190 43, ,960 Other operating result 3,424 2, ,505 Pre-tax profit 110,567 10, ,664 Segment investments 10,941 4,834 15,775 Segment depreciation 9,127 4,770 13,897 Cost/income ratio 66.5% 81.2% 68.6% Segment income 366, ,215 of which external income 366, ,086 of which inter-segmental income Segment expenses 256, ,118

7 6 Income statement on a quarterly comparison Income statement of comdirect group according to IFRS on a quarterly comparison thousand 2017 Q1 Q2 Q3 Q4 Interest income 28,948 27,866 27,566 27,457 Interest expenses 4,147 4,849 4,552 4,125 Net interest income before provisions for possible loan losses 24,801 23,017 23,014 23,332 Provisions for possible loan losses , Net interest income after provisions for possible loan losses 24,513 23,393 24,769 22,949 Commission income 105, , , ,256 Commission expenses 45,896 51,859 50,838 52,105 Net commission income 59,148 61,050 61,579 70,151 Trading result and result from hedge accounting Result from financial investments 5,112 6,568 3,835 6,418 Administrative expenses 62,707 70,743 71,392 79,685 Personnel expenses 21,586 23,900 24,906 25,449 Other administrative expenses 37,449 42,418 41,807 49,166 Sales 4,894 10,703 5,096 8,194 External services 11,380 11,722 12,416 12,253 Business operations 8,773 8,900 9,925 13,485 IT expenses 7,949 7,129 8,704 8,090 Mandatory contributions 4,348 3,608 4,983 6,657 Others Depreciation of office furniture and equipment and intangible assets 3,672 4,425 4,679 5,070 Other operating result 1,592 3,514 2,849 2,640 Pre-tax profit 27,427 23,485 21,541 22,408 Taxes on income 7,055 3,145 6,065 7,052 Net profit 20,372 20,340 15,476 15,356 Statement of comprehensive income of comdirect group according to IFRS on a quarterly comparison thousand 2017 Q1 Q2 Q3 Q4 Net profit 20,372 20,340 15,476 15,356 Items which cannot be reclassified to the income statement Change in actuarial gains/losses recognised in equity 178 1, Items which can be reclassified to the income statement Change in the revaluation reserves after tax Change in value recognised in equity 1,889 4,178 1,607 1,003 Reclassification to the income statement 4,916 6,406 3,110 6,725 Other comprehensive income for the period 6,983 9,004 1,850 7,680 Comprehensive income 13,389 11,336 13,626 7,676

8 7 Income statement on a quarterly comparison Income statement of comdirect group according to IFRS on a quarterly comparison thousand 2016 Q1 Q2 Q3 Q4 Interest income 37,118 34,105 33,266 30,552 Interest expenses 5,002 4,127 4,056 4,044 Net interest income before provisions for possible loan losses 32,116 29,978 29,210 26,508 Provisions for possible loan losses Net interest income after provisions for possible loan losses 32,024 30,973 28,784 27,105 Commission income 89,569 90,002 89,468 99,913 Commission expenses 34,693 36,434 38,009 44,404 Net commission income 54,876 53,568 51,459 55,509 Trading result and result from hedge accounting ,310 Result from financial investments , Administrative expenses 64,977 63,217 62,907 69,859 Personnel expenses 21,121 21,733 22,675 22,543 Other administrative expenses 40,248 38,085 36,919 43,739 Sales 6,055 6,336 6,929 15,578 External services 11,316 11,311 10,609 11,004 Business operations 9,314 8,775 8,460 10,200 IT expenses 8,798 7,284 7,109 6,378 Mandatory contributions 4,341 3,583 3, Others Depreciation of office furniture and equipment and intangible assets 3,608 3,399 3,313 3,577 Other operating result 1, ,688 1,615 Pre-tax profit 23,727 64,151 19,029 13,757 Taxes on income 6,457 15,114 5,432 1,150 Net profit 17,270 49,037 13,597 12,607 Statement of comprehensive income of comdirect group according to IFRS on a quarterly comparison thousand 2016 Q1 Q2 Q3 Q4 Net profit 17,270 49,037 13,597 12,607 Items which cannot be reclassified to the income statement Change in actuarial gains/losses recognised in equity 2,517 1,349 1,109 1,306 Items which can be reclassified to the income statement Change in the revaluation reserves after tax Change in value recognised in equity 9,622 2,161 3,659 6,859 Reclassification to the income statement , Other comprehensive income for the period 6,535 35,226 2,644 6,044 Comprehensive income 23,805 13,811 16,241 6,563

9 8 Income statement on a year-to-year comparison Income statement of comdirect group according to IFRS on a year-to-year comparison thousand Interest income 111, , , , ,815 Interest expenses 17,673 17,229 27,896 48,203 76,174 Net interest income before provisions for possible loan losses 94, , , , ,641 Provisions for possible loan losses 1,460 1,074 2, ,429 Net interest income after provisions for possible loan losses 95, , , , ,212 Commission income 452, , , , ,348 Commission expenses 200, , , , ,018 Net commission income 251, , , , ,330 Trading result and result from hedge accounting 692 1, Result from financial investments 21,933 43,172 4,212 4,829 9,243 Administrative expenses 284, , , , ,866 Personnel expense 95,841 88,072 83,153 77,650 73,402 Other administrative expenses 170, , , , ,662 Sales 28,887 34,898 53,582 52,229 50,523 External services 47,771 44,240 44,533 40,986 36,585 Business operations 41,083 36,749 39,183 36,924 41,015 IT expenses 31,872 29,569 32,053 31,581 28,229 Mandatory contributions 19,596 11,693 8,796 10,615 10,581 Others 1,631 1,842 2,163 1,361 1,729 Depreciation of office furniture and equipment and intangible assets 17,846 13,897 16,517 19,649 17,802 Other operating result 10,595 5,505 3,283 9,825 4,826 Pre-tax profit 94, ,664 90,608 82,478 80,032 Taxes on income 23,317 28,153 25,566 16,285 19,498 Net profit 71,544 92,511 65,042 66,193 60,534 Statement of comprehensive income of comdirect group according to IFRS on a year-to-year comparison thousand Net profit 71,544 92,511 65,042 66,193 60,534 Items which cannot be reclassified to the income statement Change in actuarial gains/losses recognised in equity 1,103 3,669 2,951 6, Items which can be reclassified to the income statement Change in the revaluation reserves after tax Change in value recognised in equity 5,463 8,583 26,499 35,204 25,988 Reclassification to the income statement 21,157 37,005 4,014 4,139 7,294 Other comprehensive income for the period 25,517 32,091 25,436 24,813 32,574 Comprehensive income 46,027 60,420 90,478 91,006 27,960

10 9 Financial calendar January Press-/Analysts conference in Frankfurt/Main 28 March Annual report April Quarterly statement 4 May Annual General Meeting in Hamburg 1 August Half-year report 31 October Nine-month statement Contacts Investor Relations Anke Overkamp Phone + 49 (0) investorrelations@comdirect.de Benedikt von Davier Phone + 49 (0) investorrelations@comdirect.de Press Annette Siragusano Phone + 49 (0) presse@comdirect.de Ullrike Hamer Phone + 49 (0) presse@comdirect.de Lea Wischmann Phone + 49 (0) investorrelations@comdirect.de comdirect bank AG Pascalkehre 15 D Quickborn

11 comdirect bank AG Pascalkehre 15 D Quickborn