Varengold Bank AG adjusts previous earnings forecast for the 2024 financial year
|
EQS-Ad-hoc: Varengold Bank AG / Key word(s): Change in Forecast/Annual Results Hamburg, 26/03/2025 – Varengold Bank has adjusted its preliminary earnings forecast for the 2024 financial year as a result of ongoing closing entries in the preparation of the annual financial statements for the 2024 financial year. Despite the negative impact of special effects, the business result remains positive. However, the most recently forecast of preliminary and unaudited earnings before taxes (EBT) for the 2024 financial year of EUR 11.3 million will be between EUR 6.25 million and EUR 6.75 million. This deviation is due in particular to additional provisions created for severance payments to the members of the Board of Managing Directors who left at the beginning of March 2025 and for administrative expenses in connection with the special audit pursuant to Section 44 of the German Banking Act (KWG).
Disclaimer This notification is a mandatory notification according to Art. 17 MAR. The assessments contained are subject to the following caveats. Disclaimer on forward-looking statements / no duty to update This communication contains forward-looking statements that are subject to certain risks and uncertainties. Future results may differ materially from those currently expected, namely due to various risk factors and uncertainties such as changes in the business, economic and competitive situation, fluctuations in exchange rates, uncertainties regarding legal disputes or investigations, and the availability of financial resources. The reader should therefore not over-rely on these statements, particularly in connection with contracts or investment decisions. Varengold Bank AG assumes no responsibility for updating the forward-looking statements contained in this communication. Note This announcement does not constitute an offer or invitation to subscribe for or purchase any securities of Varengold Bank AG in the United States of America, Germany or any other jurisdiction. This announcement does not constitute a recommendation regarding the placement of the securities described in this announcement. Contact: Ms. Sanja Schultz-Szabo (Head of Corporate Development) End of Inside Information
26-March-2025 CET/CEST The EQS 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), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2106948 |
| End of Announcement | EQS News Service |
|
|
2106948 26-March-2025 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.