Consors Discount-Broker AG
ConSors Discount-Broker english

Consors : trading activity up 24 percent in 4th quarter Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Consors : trading activity up 24 percent in 4th quarter Customers firmly loyal to Consors – more than 10,000 customers acquired in 4th quarter After experiencing a business environment of weak capital markets in the first nine months 2001, Consors Discount-Broker AG turned into an uptrend with a strong fourth quarter. The number of executed trades, an important indicator to evaluate brokerage business, rose to more than 1.7 million and surpassed the preceding quarter by around 24 percent. Trading even increased by 30 percent in Germany, Consors’ core market. Assets under custody improved substantially by 15 percent over the preceding quarter from EUR 6.2 billion to EUR 7.2 billion. The investment fund volume also recorded a rise over the third quarter 2001 and climbed by 28 percent to more than EUR 1 billion. The number of investment fund savings schemes totaled 137,000 at the end of the year. Despite the initial misgivings of some customers caused by the change in ownership of majority shareholder SchmidtBank, Consors recorded net growth of more than 10,000 new customers in the fourth quarter. In December alone, more than 2,000 new customers joined Consors. The Group now has a total of 566,000 customers, of which 500,000 in Germany. The increase in trading activity is high in a sector comparison and is an indication of Consors’ trading-oriented customer structure. Karl Matthäus Schmidt, Consors CEO: ‘The ratio of 1.1 trades per customer and month in 2001 clearly shows that Consors continues to have the most active traders . We are therefore going to profit above average from the financial markets’ moderate recovery anticipated in 2002.’ With the significant cost savings achieved through the ‘Fit for Future’ restructuring program in the fiscal year ended, Consors in 2002 is back on course to a balanced result. Consors Group provisional key figures for 2001 on a quarterly basis: Key figures Q4 Q3 Q2 Q1 Accounts units 565,907 555,539 549,278 539,842 Trades in million 1.74 1.39 1.77 2.47 Assets under custody in EUR bn 7.17 6.22 8.48 8.16 of these Securities 4.76 3.75 5.85 5.70 of these Funds 1.05 0.82 1.02 0.89 of these Cash deposits 1.36 1.65 1.60 1.58 Consors Group provisional key figures for 2001: Key figures 31 Dec. 2001 31. Dec. 2000 Accounts units 565,907 525,668 Trades In million 7.38 12.35 Assets under custody in EUR bn 7.17 9.14 of these Securities 4.76 6.68 of these Funds 1.05 0.98 of these Cash deposits 1.36 1.48 end of message, (c)DGAP 17.01.2002