Wüstenrot & Württembergische AG

Earnings Release • Jul 25, 2024

News Details

Ad-hoc | 25 July 2024 15:40

Wüstenrot & Württembergische AG: W&W adjusts forecast after severe weather

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.

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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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25-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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