WüSTENROT & WüRTTEMBERGISCHE AG (FRA:WUW) Wüstenrot & Württembergische AG: W&W Group increases income forecast

Directive transparence : information réglementée

23/06/2021 13:55

DGAP-Ad-hoc: Wüstenrot & Württembergische AG / Key word(s): Forecast
Wüstenrot & Württembergische AG: W&W Group increases income forecast

23-Jun-2021 / 13:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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 €280 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 influences 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.  The trend up till now in 2021 had a positive impact on the W&W Group, in particular the capital market development and a favourable claims development in property insurance.

23-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Wüstenrot & Württembergische AG
Gutenbergstrasse 30
70176 Stuttgart
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

1211225  23-Jun-2021 CET/CEST