Deutsche Pfandbriefbank AG: pbb raises guidance for full-year 2021 pre-tax profit (IFRS) to between ?180 million and ?220 million
July 27, 2021 at 01:00 pm EDT
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DGAP-Ad-hoc: Deutsche Pfandbriefbank AG / Key word(s): Change in Forecast
Deutsche Pfandbriefbank AG: pbb raises guidance for full-year 2021 pre-tax profit (IFRS) to between ?180 million and ?220 million
27-Jul-2021 / 18:58 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.
Deutsche Pfandbriefbank AG (pbb) generated consolidated pre-tax profit of ?62 million during the second quarter of 2021, clearly ahead of the figure for the same quarter of the previous year and for the first quarter 2021 (preliminary, unaudited figures in accordance with IFRS; Q2 2020: ?28 million, Q1 2021: ?52 million). Profit before taxes for the first half of the year rose to ?114 million, up from ?30 million for the first six months of 2020. Based on the good business development during the first half of the year, pbb today raised its guidance for the full year 2021 substantially, despite some remaining uncertainty regarding potential risk provisioning requirements in the second half of 2021. The Bank now anticipates pre-tax profit of between ?180 million and ?220 million, above its previous guidance of at least ?155 million. Profit before taxes for 2020 totalled ?154 million.
27-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Deutsche Pfandbriefbank AG
Parkring 28
85748 Garching
Germany
Phone:
+49 (0) 89 2880 28 201
Fax:
+49 (0) 89 2880 22 28 201
E-mail:
info@pfandbriefbank.com
Internet:
http://www.pfandbriefbank.com
ISIN:
DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unter https://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrumente.html. The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AG are available on Deutsche Pfandbriefbank's Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html
WKN:
801900
Indices:
SDAX
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxembourg Stock Exchange, SIX
Deutsche Pfandbriefbank AG is a Germany-based bank for real estate finance and public investment finance. The Company is engaged in three core business areas: Public Sector Finance, Real Estate Finance and Debt Instruments. Public Sector Finance includes the financing of public sector investments in the fields of infrastructure, municipal and residential construction, utilities and healthcare. In addition, it provides investment lending and debt management. Real Estate Finance includes real estate investment funding and financing instruments, such as financing investment projects, portfolio financing, standby facilities and derivatives. Debt Instruments includes fixed income bonds involving issuing mortgage and public sector debentures. The Company is active in Europe, notably in France, the United Kingdom, Benelux countries, Nordic countries, Switzerland, Spain, Hungary, and the Czech Republic. The Company is a part of the HRE Group, which is wholly owned by the German government.