Deutsche Pfandbriefbank AG (OTCPK:PBBGF)
$ 5.25 0 (0%) Market Cap: 788.48 Mil Enterprise Value: 20.85 Bil PE Ratio: 21.26 PB Ratio: 0.22 GF Score: 64/100
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Q1 2019 Deutsche Pfandbriefbank AG Earnings Call Transcript

May 13, 2019 / NTS GMT
Release Date Price: $15.98
Walter Allwicher
Deutsche Pfandbriefbank AG - Head of Communications

Morning, and a warm welcome from Deutsche Pfandbriefe. Thank you for taking the time to join us this morning and here with me is Andreas Arndt, CEO and CFO. Andreas will guide you through the presentation and will also be available for question-and-answer session afterward.

Andreas Arndt
Deutsche Pfandbriefbank AG - Chairman of Management Board, CEO & CFO

Yes, good morning, and welcome to our analyst call regarding quarter 2019 results. To put it briefly, I think we had a good start into 2019 where we see good levels at EUR 48 million, which is stable year-over-year and slightly up quarter-over-quarter. This is a good achievement, given the fact that markets do remain highly competitive and that the pressure on margins continues and goes on and that spread levels in funding market have increased year-over-year and that as every year, Q1 is always burdened with the bank levy. So all in all, we remain fully in line with our full year guidance of EUR 170 million to EUR 190 million.

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