SOURCE: VAN DER MOOLEN HOLDING N.V.

March 18, 2008 17:05 ET

Van der Moolen to enter European Retail Banking Segment with focus on execution

AMSTERDAM, NETHERLANDS--(Marketwire - March 18, 2008) - Van der Moolen Holding (liquidity provider and institutional broker in equities, bonds and related instruments in Europe and in the US and electronic markets access provider by Online Trader) today reported its results for the fourth quarter and the full financial year 2007.

Key items 2007

--  Net loss attributable to common shareholders amounts to EUR  58.2
--  million for the fourth quarter of 2007 and EUR  77.8 million for the
--  full financial year 2007;
--  EUR  71.8 million of the loss attributable to disposed US specialist
--  activities and European discontinued business;
--  Net profit for the full year for continuing activities would be EUR
--  8.7 million excluding non-recurring items;
--  US professional brokerage activities strengthened by acquisition
--  Robbins & Henderson;
--  Solid performance and growth of continued European activities;
--  Cooperation GSFS Asset Management marks start in structured
--  products.
    

Strategy and Outlook 2008

--  Focus on three business lines: VDM Trading, VDM Institutional
--  Brokerage and VDM Retail Banking;
--  Broaden business focus Europe into retail banking segment;
--  Obtain bank license by formal approval or co-operation.
    

Richard den Drijver, CEO of Van der Moolen Holding NV commented: "2007 has been a year of fundamental changes for the company. By selling the US specialist activities, we will focus on three separate business lines (VDM Trading, VDM Institutional Brokerage and VDM Retail Banking). Our US business lines are now fully in line with our European activities. At the same time, we have decided to broaden our business focus in Europe. By obtaining a bank license, either through the formal approval process or through co-operation with an adequately licensed party we will be capable to expand Online Trader from the current professional level to the retail segment. The cooperation with GSFS Asset Management offers an entry to the market of structured products. We have strong positions in the key financial markets we operate in and we expect to continue to build on the solid foundation we have created in 2007, and we expect to be profitable in 2008. We strongly believe in the upside potential of new services we will be entering in 2008 and onwards.

Disclaimer:

This press release contains forward-looking statements within the meaning of, and which have been made pursuant to, the Private Securities Litigation Reform Act of 1995. All statements regarding our future financial condition, results of operations and business strategy, plans and objectives are forward-looking. Statements containing the words "anticipate," "believe," "intend," "estimate," "expect," "hope," and words of similar meaning are forward-looking. In particular, the following are forward-looking in nature: statements with regard to strategy and management objectives; pending or potential acquisitions; pending or potential litigation and government investigations, including litigation and investigations concerning specialist trading in the U.S.; future revenue sources; the effects of changes or prospective changes in the regulation or structure of the securities exchanges on which our subsidiaries operate; and trends in results, performance, achievements or conditions in the markets in which we operate. These forward-looking statements involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our results, performance, achievements or conditions in the markets in which we operate to differ, possibly materially, from those expressed or implied in these forward-looking statements. We describe certain important factors to consider in connection with these forward-looking statements under "Key Information - Risk Factors" and elsewhere in our annual filing with the U.S. Securities and Exchange Commission on Form 20-F. We caution you not to place undue reliance on these forward-looking statements, which reflect our management's view only as of the date of this Report. We have no obligation to update these forward-looking statements.

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Copyright © Hugin AS 2008. All rights reserved.

Contact Information

  • For further information
    Van der Moolen NV
    Investor Relations/Corporate Communications
    T: +31 (0)20 535 6789.
    www.vandermoolen.com