Ad-hoc | 31 January 2022 14:20
Wüstenrot & Württembergische AG: Net income above forecast
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Wüstenrot & Württembergische AG / Key word(s): Forecast
A
ccording to preliminary figures for the 2021 financial year, which have not yet been audited, Wüstenrot & Württembergische AG (W&W) will post consolidated IFRS net income
of EUR 350 to 360
million. This would exceed the target range, already increased on 23 June 2021 to between EUR
280 and 330 million. Consolidated net income amounted to €210.8 million in 2020. The main reason for t
he renewed adjustment is
the
even more
positive capital market trend
. 2021 also saw
a
very good combined ratio being achieved
in the property insurance portfolio
due to cautious risk management.
According to preliminary, unaudited figures, net profit for the parent company W&W AG as calculated in accordance with the German Commercial Code (HGB), which is controlling for the dividend distribution, will be at EUR 110 million, in line with the forecast likewise adjusted in June 2021. 2020 saw a net income pursuant to the German Commercial Code (HGB) of EUR 100.3 million.
31-Jan-2022 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: | 1274702 |
| End of Announcement | DGAP News Service |