PRESS RELEASE
from Wüstenrot & Württembergische AG (isin : DE0008051004)
EQS-Adhoc: Wüstenrot & Württembergische AG: W&W adjusts forecast after severe weather
EQS-Ad-hoc: Wüstenrot & Württembergische AG / Key word(s): Profit Warning
Wüstenrot & Württembergische AG: W&W adjusts forecast after severe weather
25-Jul-2024 / 15:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
In recent weeks, Wüstenrot & Württembergische Group’s (W&W) regional core insurance business in particular has suffered massive losses in some cases due to storms, in particular the so-called “Orinoco” natural hazard event and various regional storms. While the HGB result of W&W AG is stable and on target, IFRS accounting shows significant burdens in the first half of 2024. The W&W Group expects a negative IFRS result in the low double-digit million euro range. For 2024 as a whole, the IFRS result is expected to be significantly below the previous year's figure of EUR 140.5 million. New and existing business is performing well and the stable dividend policy will be continued.
End of Inside Information
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| Language: | English |
| Company: | Wüstenrot & Württembergische AG |
| W&W-Platz 1 | |
| 70806 Kornwestheim | |
| 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: | 1954389 |
| End of Announcement | EQS News Service |
1954389 25-Jul-2024 CET/CEST