May 4, 2020 / 9:01 AM / a month ago

BRIEF-Wüstenrot & Württembergische Adjusting Outlook For 2020

May 4 (Reuters) - WUESTENROT & WUERTTEMBERGISCHE AG :

* FY NET PROFIT 249.1 MILLION EUR

* POSITIVE OPERATIVE RESULTS OF Q1 OF 2020 ARE BURDENED ESPECIALLY BY VOLATILE CAPITAL MARKETS AS WELL AS BY SPECIAL BALANCE SHEET EFFECTS DUE TO CORONAVIRUS PANDEMIC

* OUTLOOK 2020: EXPECTING NET INCOME AFTER TAXES TO REMAIN BELOW MEDIUM TERM TARGET OF EUR 220 TO EUR 250 MILLION

* SOUND AND SERIOUS FORECAST FOR FINANCIAL YEAR 2020 RIGHT NOW IS NOT POSSIBLE

* IN 2019 IFRS NET INCOME OF GROUP REACHED EUR 249.1 MILLION

* NEW BUSINESS SHOWED POSITIVE IN Q1 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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