25.03.2014 DVB Bank SE  DE0008045501

DGAP-Adhoc: DVB Bank posts slightly lower consolidated net income in 2013

DVB Bank SE / Key word(s): Final Results 25.03.2014 10:01 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- DVB Bank posts slightly lower consolidated net income in 2013 Frankfurt/Main, 25 March 2014 - DVB Bank (ISIN DE0008045501), which is focused on international transport finance, posted consolidated net income after taxes of EUR110.2 million, down 11.8% year-on-year (2012: EUR124.9 million). This decline was mainly due to a special effect which impacted on the previous year's figure: net other operating income/expenses for 2012 included a significant non-recurring effect from the sale of a stake in aero engine specialist TES Holdings Ltd, Bridgend, Wales. This net item declined from EUR42.7 million to EUR-4.1 million. Moreover, due the prevailing crisis in some maritime shipping segments, allowance for credit losses reached a high of EUR87.1 million (2012: EUR70.7 million). DVB incurred EUR23.7 million in additional expenses for vessels held by the Bank; these expenses are included in net interest income. DVB originated 173 new Transport Finance transactions, with an aggregate volume of EUR4.7 billion (2012: 158 new financings with a total volume of EUR4.6 billion). This attractive new business also contributed to a 5.1% increase in net interest income, to EUR241.8 million (2012: EUR230.0 million). Net interest income after allowance for credit losses declined slightly, by 2.9%, to EUR154.7 million (2012: EUR159.3 million); the decline was attributable to the higher risk costs referred to above. Net fee and commission income, which primarily includes fees and commissions from the lending business, as well as asset management and advisory fees, amounted to EUR128.7 million and thus only slightly missed the previous year's record of EUR130.7 million. General administrative expenses decreased by 2.8%, to EUR178.8 million. Staff expenses of EUR105.7 million were up 4.1% year-on-year (2012: EUR101.5 million), whilst at EUR68.3 million, non-staff expenses were down 12.3% (2012: EUR77.9 million). Net result from financial instruments in accordance with IAS 39 - which is usually volatile - swung from EUR-15.8 million to EUR18.2 million. Consolidated net income before taxes decreased by 12.4%, to EUR123.8 million (2012: EUR141.4 million). The key strategic indicators that DVB Group uses to manage its business reflected the stable business performance: the return on equity before taxes was 10.3% (2012: 12.9%), and the cost/income ratio was reduced further, to 45.9% (2012: 46.5%). At EUR24.6 billion, the volume of business in 2013 was 2.0% below the previous year (2012: EUR25.1 billion), reflecting the lower US dollar exchange rate at the end of the year. Besides total assets of EUR23.4 billion (2010: EUR23.8 billion), the figure also includes irrevocable loan commitments of EUR1.2 billion (2012: EUR1.3 billion). DVB's nominal customer lending (the aggregate of loans and advances to customers, guarantees and indemnities, irrevocable loan commitments, and derivatives) decreased by 6.3%, to EUR20.8 billion (2012: EUR22.2 billion). DVB's capital ratios, determined in accordance with Basel II (following the confirmation of profits in the financial statements) developed as follows: the tier 1 ratio was 19.6% (2012: 20.3%) and the total capital ratio 22.2% (2012: 23.6%). The Board of Managing Directors and the Supervisory Board will propose to DVB Bank SE's Annual General Meeting, which will be held on 12 June 2014, to pay an unchanged dividend of EUR0.60 per notional no-par value share. In this way, DVB will provide its shareholders with an adequate dividend yield of 2.44%, whilst further strengthening the Bank's liable capital. Contact for this ad-hoc disclosure: Elisabeth Winter Senior Vice President Head of Group Corporate Communications Phone: +49 69 9750 4329 E-Mail: [email protected] 25.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: DVB Bank SE Platz der Republik 6 60325 Frankfurt am Main Germany Phone: 069-97504-329 Fax: 069-97504-850 E-mail: [email protected] Internet: www.dvbbank.com ISIN: DE0008045501 WKN: 804550 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Düsseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de


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