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.
Ms. Sanja Schultz-Szabo (Head of Corporate Development)
|Company:||Varengold Bank AG|
|Große Elbstraße 39|
|Phone:||+49 (0)40 / 668649-0|
|Fax:||+49 (0)40 / 668649-49|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart|
|EQS News ID:||1207607|
|End of Announcement||DGAP News Service|