08 Nov 2023

Profit warning for 2023, profit guidance halved

Deutsche Pfandbriefbank AG (PBB:ETR) | 0 0 0.0%

- Dieter Hein
- 2 pages

• Pre-tax profit guidance downgraded from between €170m and €200m to between €90m and €110m for FY2023 • Loan loss provisions increased from €38m for 9M 22 to €104m for 9M 23 • pbb assumes that a special dividend (+25%) will not be distributed for FY2023 • The bank confirmed its 2026 targets (>10% RoE before tax)

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Profit warning for 2023, profit guidance halved

Deutsche Pfandbriefbank AG (PBB:ETR) | 0 0 0.0%

Published: 08 Nov 2023
Author: Dieter Hein
Pages: 2

• Pre-tax profit guidance downgraded from between €170m and €200m to between €90m and €110m for FY2023 • Loan loss provisions increased from €38m for 9M 22 to €104m for 9M 23 • pbb assumes that a special dividend (+25%) will not be distributed for FY2023 • The bank confirmed its 2026 targets (>10% RoE before tax)