VARENGOLD WERTPAPIERHANDELSBANK AG (FRA:VG8) Varengold Bank AG: Forecast for the 2021 financial year
Transparency directive : regulatory news
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DGAP-Ad-hoc: Varengold Bank AG / Key word(s): Forecast/Miscellaneous
Hamburg, 14 June 2021 - Varengold Bank AG (symbol: VG8) is planning for strong growth in earnings in the Transaction Banking segment for the current fiscal year, as well as high demand for the bank's products and services for the rest of the year. On this basis, the Management Board today deducted an earnings forecast for the fiscal year 2021 from the current business planning. Based on current knowledge, the bank expects earnings before taxes (EBT*) as a key performance indicator to be EUR 16,4 million. In 2019, EBT was EUR 3.6 million and for 2020 EBT (preliminary) was expected to be EUR 1.8 million.
Dr. Bernhard Fuhrmann * EBT (earnings before taxes) is defined as period result before deduction of income taxes. Disclaimer Contact: Ms. Sanja Schultz-Szabo (Head of Corporate Development)
14-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Varengold Bank AG |
| Große Elbstraße 39 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 / 668649-0 |
| Fax: | +49 (0)40 / 668649-49 |
| E-mail: | investorrelations@varengold.de |
| Internet: | www.varengold.de |
| ISIN: | DE0005479307 |
| WKN: | 547930 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart |
| EQS News ID: | 1207607 |
| End of Announcement | DGAP News Service |
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1207607 14-Jun-2021 CET/CEST