Landesbank Baden-Württemberg
Landesbank Baden-Württemberg: Unconsolidated Financial Statements allow for payments on hybrid capital
Landesbank Baden-Württemberg / Key word(s): Final Results 27.02.2013 09:38 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- For the first time since 2008 Landesbank Baden-Württemberg (LBBW) will pay regular distributions on its silent partner contributions and profit participation certificates. In addition a partial recovery of distributions omitted in the past years will be made: Based on the as yet unaudited figures in its unconsolidated financial statements prepared in accordance with HGB (German Commercial Code), an amount of ca. 254 m EUR will be allocated to the regular distributions on its silent partner contributions and profit participation certificates and an amount of ca. 332 m EUR will be allocated to the recovery of distributions omitted in the years 2009 to 2011. This corresponds to a recovery of ca. 40.8 % of all omitted distributions. As of 01.01.2013 omitted distributions not yet recovered amount to ca. 239 m EUR. Changes in these figures with a corresponding effect on regular distributions and on the recovery of omitted distributions may still occur during the adjustment period, which ends in April 2013. Accordingly, a binding statement on regular distributions and/or recovery of omitted distributions cannot be made until after the balance sheet has been approved by end of April. LBBW also expects its IFRS consolidated financial statements to show a profit before tax of 399 m EUR and a profit after tax of 398 m EUR. Contact: Marcus Recher Am Hauptbahnhof 2 70173 Stuttgart +49 711 127-41610 marcus.recher@lbbw.de 27.02.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Landesbank Baden-Württemberg Am Hauptbahnhof 2 70173 Stuttgart Germany Phone: 0711-127-73372 Fax: 0711-127-73004 E-mail: armin.brendle@lbbw.de Internet: www.lbbw.de ISIN: DE0005456131, DE0005456131 Genussschein Ausgabe 2, Stuttgart Geregelter Markt, DE0002978715 Genußschein Ausgabe A. 3, Frankfurt Regulierter Markt , DE000LB0ALR4 Genußschein Reihe 1, Umtausch 812584;0, Stuttgart Regulierter Markt WKN: 545613, 545613, 297871, LB0ALR Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg Informationen zu weiteren Finanzinstrumenten entnehmen Sie bitte den folgenden Webseiten:, , 1. Deutsche Website:, www.LBBW.de/Investor Relations/IR-Veröffentlichungen/Ad-hoc-Mitteilungen, Zugehöriger Link:, http://www.lbbw.de/lbbwde/1000002776-de.html, , 2. Englische Website:, www.LBBW.com/Investor Relations/IR Releases/Ad-hoc Releases, Zugehöriger Link:, http://www.lbbw.de/lbbwde/1000002776-en.html End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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