Varengold Bank Revises 2024 Earnings Forecast

On March 26, 2025, Varengold Bank AG announced a revision of its preliminary earnings forecast for the 2024 financial year. Despite bearing the brunt of special effects, the business results remain positive. Initially estimated at EUR 11.3 million, the earnings before taxes (EBT) are now expected to fall between EUR 6.25 million and EUR 6.75 million.

The downward adjustment is significantly influenced by additional provisions for severance payments to the recently departed members of the Board of Managing Directors. Administrative expenses associated with a special audit under Section 44 of the German Banking Act (KWG) also contributed to the forecast change.

This announcement emphasizes the inherent risks and uncertainties in forward-looking statements and refrains from serving as a recommendation for securities dealings related to Varengold Bank AG.