Baader Bank Reports 42% Growth in Nine-Month Pre-Tax Profit

Baader Bank AG reported a significant rise in its Group earnings before tax for the first nine months of the current financial year, reaching EUR 28.5 million, a sharp increase from EUR 3.0 million during the same period in 2023. Total revenue surged to EUR 176.0 million, marking a 42% growth, driven by gains across all major income areas.

Interest earnings rose to EUR 37.2 million, benefiting from favorable interest rate conditions. Commission business income reached EUR 79.1 million, influenced by robust B2B and B2B2C partnerships. Trading business income also increased to EUR 47.0 million, supported by higher trading volumes and the enhanced Baader Trading brand.

Total expenses climbed 22% to EUR 147.5 million due to increased personnel and operating costs. Despite higher pension expenses, the bank's assets and equity both showed growth. Baader Bank anticipates exceeding its 2024 earnings forecast, projecting pre-tax earnings between EUR 25 and 32 million, up from EUR 4.0 million in 2023.