Edition:
India

Deutsche Pfandbriefbank Confirms 2019 Guidance after Q1 Results


Monday, 13 May 2019 

May 13 (Reuters) - Deutsche Pfandbriefbank AG ::Q1 PRE-TAX PROFIT UNCHANGED AT 48 MILLION EUR.Q1 NET INTEREST INCOME UP MORE THAN 8% TO 116 MILLION EUR.Q1 NEW COMMERCIAL REAL ESTATE FINANCE BUSINESS UP 12% TO 1.9 BILLION EURO.Q1 OPERATING INCOME 119 MILLION EUR.STRUCTURE OF NEW COMMERCIAL REAL ESTATE FINANCE BUSINESS IMPACTS Q1 MARGINS.CONFIRM GUIDANCE FOR FINANCIAL YEAR 2019, WITH PRE-TAX PROFIT OF 170-190 MILLION EUR.BASED ON DIFFERENT MIX IN NEW BUSINESS, WE EXPECT MARKED IMPROVEMENT IN NEW BUSINESS MARGINS IN Q2.