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Wüstenrot & Württembergische AG
Earnings Release • Mar 30, 2016
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Earnings Release
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Corporate | 30 March 2016 11:44
Wüstenrot & Württembergische AG: Record profit confirmed for 2015
DGAP-News: Wüstenrot & Württembergische AG / Key word(s): Final Results
2016-03-30 / 11:44
The issuer is solely responsible for the content of this announcement.
In 2015, the Wüstenrot & Württembergische Group (W&W) posted the highest profit in the company’s history, according to final figures, which came in at EUR 274,3 million (previous year: EUR 242,0 million). This confirms the interim figures presented in mid-February.
The strongest profit driver in 2015 was property and casualty insurance, with favourable claims development over the whole year. Cost development was likewise positive. As already announced, W&W is targeting consolidated net profit of at least EUR 220 million for 2016, depending on the development of interest rates and the capital markets. With respect to its greater presence on the exchanges, Deutsche Börse AG began listing W&W AG on the SDAX on 21 March.
Dr Alexander Erdland, Chairman of the Executive Board of W&W: “Wüstenrot & Württembergische concluded a very strong year in 2015. Against this background, we are particularly pleased that we were able to make the capital markets more familiar with our equity story. The upgrade to an SDAX company shows that more and more investors are acknowledging the business model, strategy and key figures of W&W AG.”
Note for editors: You can find the 2015 annual financial report at www.ww-ag.com/publikationen .
2016-03-30 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Wüstenrot & Württembergische AG |
| Gutenbergstrasse 30 | |
| 70176 Stuttgart | |
| Germany | |
| Internet: | www.ww-ag.com |
| ISIN: | DE0008051004 |
| WKN: | 805100 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf |
| End of News | DGAP News Service |