16.11.2020, 2459 Zeichen

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Earnings Forecast 16.11.2020
Vienna -
Profit before taxes for the 1st to 3rd quarter of 2020 of about EUR 266 million\nProfit before taxes in the range of EUR 300 - 350 million expected for 2020\nIn the course of the results preparation for the 1st to 3rd quarter of 2020, the impacts of the expected dampening effects due to the Covid-19 pandemic are becoming more concrete. While the operating insurance business is performing solidly and the premium development is slightly positive compared to the previous year, the financial result was around EUR 114 million lower than in the 1st to 3rd quarter of 2019. This was driven by the negative performance of the capital markets in the reporting period. The decline has a direct impact on the result before taxes, which amounted to EUR 266 million in the 1st to 3rd quarter of 2020 (minus 29% compared to the same period last year).
Based on these results for the 1st to 3rd quarter of 2020, which will be published in detail as planned on November 26, 2020, and taking into account current developments, the Managing Board of Vienna Insurance Group expects profit before taxes for the full year 2020 to be in a range of EUR 300 - 350 million, subject to unpredictable volatilities on capital markets.
The following securities of VIG are admitted for trading on a regulated market:
ISSUE TITEL ISIN TRADING SEGMENT Share AT0000908504 Vienna and Prague Stock Exchange, Official Market VIG subordinated bond 2015 AT0000A1D5E1 Luxembourg Stock Exchange, Second Regulated Market VIG subordinated bond 2013 AT0000A12GN0 Vienna Stock Exchange, Second Regulated Market

end of announcement euro adhoc
issuer: Vienna Insurance Group AG Wiener Versicherung Gruppe Schottenring 30 A-1010 Wien phone: +43(0)50 390-22000 FAX: +43(0)50 390 99-22000 mail: investor.relations@vig.com WWW: www.vig.com ISIN: AT0000908504 indexes: ATX, VÖNIX, WBI stockmarkets: Prague Stock Exchange, Wien language: English
Digital press kit: http://www.ots.at/pressemappe/7674/aom

Christian Drastil: Wiener Börse Plausch

kapitalmarkt-stimme.at daily voice 265/365: Hintergrund zu den CD SES Awards für Shareholder Excellence im Secondary Market

VIG

Bildnachweis

1. Makro Ausblick mit Gunter Deuber (RBI), Nico Baader (Baader Bank), Liane Hirner (VIG), Fritz Mostböck (Erste Group), Andreas Wosol (Amundi) und Harald Hagenauer (Österreichische Post) , (© CIRA/APA-Fotoservice/Bargad Fotograf/in: Nadine Bargad)   >> Öffnen auf photaq.com

Aktien auf dem Radar:EuroTeleSites AG, Telekom Austria, Strabag, Addiko Bank, Pierer Mobility, Frequentis, Mayr-Melnhof, Lenzing, Agrana, Porr, BKS Bank Stamm, Oberbank AG Stamm, Amag, Flughafen Wien, Österreichische Post, SBO, Wienerberger.

---

Mehr aktuelle OTS-Meldungen HIER