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

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Overig advies 19/03/2008 07:02
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 € 58.2 million for the fourth quarter of 2007 and € 77.8 million for the full financial year 2007;
- € 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 € 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.


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




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