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DEUTSCHE PFANDBRIEFBANK AG

(PBB)
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Deutsche Pfandbriefbank AG: pbb raises guidance for full-year 2021 pre-tax profit (IFRS) to between ?180 million and ?220 million

07/27/2021 | 01:00pm EDT

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.



Contact:
Walter Allwicher
Managing Director, Communications
+49 (0) 89 2880 28 787

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
EQS News ID: 1222117

 
End of Announcement DGAP News Service

1222117  27-Jul-2021 CET/CEST

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Sales 2021 538 M 631 M 631 M
Net income 2021 142 M 166 M 166 M
Net Debt 2021 - - -
P/E ratio 2021 8,90x
Yield 2021 8,43%
Capitalization 1 221 M 1 433 M 1 432 M
Capi. / Sales 2021 2,27x
Capi. / Sales 2022 2,35x
Nbr of Employees 779
Free-Float 92,5%
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Number of Analysts 6
Last Close Price 9,08 €
Average target price 11,23 €
Spread / Average Target 23,7%
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Managers and Directors
Andreas Arndt Chief Executive & Financial Officer
GŘnther Brńunig Chairman-Supervisory Board
Georg Kordick Member-Supervisory Board
Dagmar P. Kollmann Vice Chairman-Supervisory Board
Heike Thei▀ing Member-Supervisory Board