News Details

Ad-hoc | 23 June 2021 13:55

Wüstenrot & Württembergische AG: W&W Group increases income forecast

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 €2 80 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 influence s 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.

23-Jun-2021 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:	1211225



End of Announcement	DGAP News Service

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