Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Comdirect bank AG    COM   DE0005428007

COMDIRECT BANK AG

(COM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

comdirect bank : raises earnings target 2019

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/08/2019 | 08:45am EST

Quickborn, 08.10.2019

  • Expectation for the full year increased to more than €185m before tax (previous expectation: more than €170m)
  • The reason is a significant increase in core business profit in the third quarter of 2019

comdirect bank AG anticipates a pre-tax profit of approximately €175m based on preliminary numbers for the first nine months of 2019. Therefore, the expected group pre-tax profit for the full year improves to more than €185m (previous expectation: more than €170m before tax).

The reason for the adjustment of the expectation is the strong preliminary pre-tax profit from continuing activities (core business without ebase) of approximately €30m in the third quarter of 2019. As a result of increased total income and decreased administrative expenses, the operating profit was significantly higher than in previous quarters. In addition, a higher result from discontinued activities (ebase) was achieved. 'Since the announced sale of ebase in mid-2018, we have invested even more in growth and scaling our business model. This is now reflected in a significantly improved result in the third quarter', says Arno Walter, CEO of comdirect bank AG. 'Customer growth also remained at a high level with 46k new customers in the third quarter. As of the end of September comdirect has 2.7m customers.'

Details regarding the comdirect monthly figures published today can be found in a separate press release from 8 October and at www.comdirect.de/presse.

Disclaimer

comdirect bank AG published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 12:44:07 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMDIRECT BANK AG
01/13COMDIRECT BANK AG : Release according to Article 40, Section 1 of the WpHG [the ..
EQ
01/10COMDIRECT BANK AG : Release according to Article 40, Section 1 of the WpHG [the ..
EQ
01/08COMDIRECT BANK : December 2019 monthly figures
PU
01/07COMDIRECT BANK AG : Release according to Article 40, Section 1 of the WpHG [the ..
EQ
01/03COMMERZBANK : on course to take over Comdirect as part of overhaul
RE
2019Commerzbank in talks to buy Petrus Advisers stake in Comdirect - source
RE
2019COMDIRECT BANK AG : Notification and public disclosure of transactions by person..
EQ
2019COMDIRECT BANK : Frauke Hegemann is appointed new CEO of comdirect bank AG
EQ
2019COMDIRECT BANK AG : comdirect bank AG CEO transfers to Commerzbank AG
EQ
2019COMDIRECT BANK : November 2019 monthly figures
PU
More news
Financials (EUR)
Sales 2019 356 M
EBIT 2019 75,0 M
Net income 2019 165 M
Debt 2019 -
Yield 2019 1,99%
P/E ratio 2019 11,8x
P/E ratio 2020 29,6x
Capi. / Sales2019 5,49x
Capi. / Sales2020 5,05x
Capitalization 1 954 M
Chart COMDIRECT BANK AG
Duration : Period :
comdirect bank AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COMDIRECT BANK AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 13,03  €
Last Close Price 13,84  €
Spread / Highest target 1,16%
Spread / Average Target -5,89%
Spread / Lowest Target -16,9%
EPS Revisions
Managers
NameTitle
Frauke Hegemann Chief Executive & Operating Officer
Jochen Sutor Chairman-Supervisory Board
Dietmar von Blücher Chief Financial & Investment Officer
Sabine Schmittroth Member-Supervisory Board
Sandra Persiehl Member-Supervisory Board
Sector and Competitors