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Wüstenrot & Württembergische AG
ISIN:
DE0008051004
WKN:
805100
Country: Deutschland
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Primary market: Germany
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EQS NID: 1954389
Levermann Score
25 July 2024 15:40PM
W&W adjusts forecast after severe weather
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EQS-Ad-hoc: Wüstenrot & Württembergische AG / Key word(s): Profit Warning 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
25-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
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1954389 25-Jul-2024 CET/CEST
