Ad-hoc | 23 June 2021 13:55
Wüstenrot & Württembergische AG: W&W Group increases income forecast
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Wüstenrot & Württembergische AG / Key word(s): Forecast
Wüstenrot & Württembergische AG (W&W) is adjusting its forecast for its consolidated results for 2021. The consolidated net profit for the year according to IFRS will most likely amount to between €2 80 million and €330 million. Up to now, a consolidated net profit at the upper end of the strategic target corridor of €220 to €250 million had been forecast for 2021. In 2020 net income amounted to €210.8 million.The increased forecast is subject to no new negative influence s caused by the coronavirus pandemic , economic upheavals and unforeseeable major damaging events occurring in the second half of the year. For the net income of W&W AG pursuant to the German Commercial Code (HGB), the forecast for 2021 is increasing to €110 million, where up till now €100 million had been forecast.T he trend up till now in 2021 had a positive impact on the W&W Group, in particular the capital market development and a favourabl e claims development i n property insurance.
23-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Wüstenrot & Württembergische AG |
| Gutenbergstrasse 30 | |
| 70176 Stuttgart | |
| Germany | |
| Internet: | www.ww-ag.com |
| ISIN: | DE0008051004 |
| WKN: | 805100 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange |
| EQS News ID: | 1211225 |
| End of Announcement | DGAP News Service |