comdirect bank raises profit target: EUR 75 million before tax
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Quickborn, 15 December 2009. comdirect bank AG (www.comdirect.de) israising its profit target for 2009 to EUR 75 million before tax. "Ouroperating business performed well; our expectations for the fourthquarter were exceeded and consequently we are anticipating a higherresult," says Michael Mandel, CEO of comdirect bank AG.The new profit target includes costs of around EUR 5 million forfurther reductions in the number of offices for comdirect privatefinance AG. The process is scheduled for completion by mid-2010. Thisstep means that comdirect bank is focusing on its direct bank-typeadvisory offering such as its advice services for investments andbuilding finance.Mandel: "Focusing on our core business and investing in directbank-type advisory services is the right way forward. Overall, withour initiatives in the B2C and B2B business lines, we are very wellpositioned and fit for the future."Length: 915 characters including spacescomdirect group: B2C and B2BB2C: comdirect bank AG and comdirect private finance AGB2B: ebase GmbH (excluding Commerzbank custody accounts, assets andsecurities ordersPress information:All press releases are available at www.comdirect.de/press. If you nolonger wish to receive these press releases, please send an e-mail topresse(at)comdirect.de.http://hugin.info/131920/R/1361142/332359.pdf --- End of Message ---comdirect bank AGPascalkehre 15 Quickborn GermanyWKN: 542800; ISIN: DE0005428007; Index: CDAX, CLASSIC All Share, Prime All Share, SDAX;Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Regulierter Markt in Frankfurter Wertpapierbörse;
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Datum: 15.12.2009 - 05:32 Uhr
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