February 9, 2018 / 5:13 PM / in 10 months

BRIEF-Euler Hermes FY Operating Income down at 359.5 million euros

Feb 9 (Reuters) - EULER HERMES GROUP SA:

* REG-EULER HERMES 2017 FULL YEAR RESULTS: STABLE ORDINARY OPERATING INCOME, +10% NET RESULT

* YTD REVENUES AT 2,567 MILLION, UP 0.4% AT CONSTANT EXCHANGE RATES AND SCOPE

* FOR 2017 SOLID SOLVENCY RATIO AT 166%‍​

* FY OPERATING INCOME EUR ‍​359.5 MILLION VERSUS EUR 373.3 MILLION YEAR AGO

* REVENUES ARE EXPECTED TO PICK UP IN 2018 ‍​

* FIRST GAINS FROM JOINT INITIATIVES WILL MATERIALIZE IN 2018‍​

* 2017 NET COMBINED RATIO AT 80.5%

* MANAGEMENT BOARD WILL PROPOSE A DIVIDEND OF €4.85 PER SHARE. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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