15 May 2023

Solid Q1 figures below the previous year but profit clearly above the consensus

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

- Dieter Hein
- 3 pages

• Operating income was down by 20% to €119m for Q1 23 • Net profit decreased by 25% to €27m for Q1 23 but 32% above consensus expectation • The PIF and VP segments were merged into a new segment called “Non-Core” • Pre-tax profit guidance of between €170m and €200m for FY2023 confirmed

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Solid Q1 figures below the previous year but profit clearly above the consensus

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

Published: 15 May 2023
Author: Dieter Hein
Pages: 3

• Operating income was down by 20% to €119m for Q1 23 • Net profit decreased by 25% to €27m for Q1 23 but 32% above consensus expectation • The PIF and VP segments were merged into a new segment called “Non-Core” • Pre-tax profit guidance of between €170m and €200m for FY2023 confirmed