EANS-Adhoc: Vienna Insurance Group: Preliminary profit before taxes and dividend proposal 2015 as well as outlook for 2016
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other/Preliminary profit before taxes 2015 / Dividend proposal 2015 / Outlook
2016
16.03.2016
In a challenging environment Vienna Insurance Group achieved a premium volume of
more than EUR 9 billion. Premiums in property and casualty (+0.8%), health
(+3.0%) and regular-premium life business (+4.9%) increased. The due to the
current low interest rate environment exercised restraint in the single-premium
business (-15.7%) led to an overall decrease of 1.4% in written premiums of the
Group.
The preliminary profit before taxes for the business year 2015 is around
EUR 172 million. Apart from the decreased current financial income and the
impairment done in the third quarter 2015, additional impairments of intangible
assets impacted this result. They evolved from changes of the cash generating
units in the course of the extension of the management board, from a more
cautious view on developments in Romania and from tax changes in Poland.
The dividend policy of Vienna Insurance Group foresees the distribution of at
least 30% of net profits after minorities. Management decided in today's board
meeting to suggest to the statutory bodies a dividend of EUR 0.60 per share for
the business year 2015. This means a pay-out ratio of around 78%.
For the business year 2016 VIG plans at least to double the pre-tax result 2015
and targets a profit before taxes of up to EUR 400 million.
The following securities of VIG are admitted for trading on a regulated market:
Issue title ISIN Trading segment
Aktie AT0000908504 Vienna and Prague Stock
Exchange, Official Market
VIG nachrang. Anl. 15 AT0000A1D5E1 Luxembourg Stock Exchange,
Second Regulated Market
VIG nachrang. Schuldv.13-43 AT0000A12GN0 Vienna Stock Exchange,
Second Regulated Market
Wr.Staedt. Hybridkap-Anl. 08 AT0000A09SA8 Vienna Stock Exchange,
Second Regulated Market
Wr.Staedt.Vers. EK-Anl. 05-22 AT0000342696 Vienna Stock Exchange,
Official Market
Wr.Staedt.Vers. var EK-Anl. 05 AT0000342704 Vienna Stock Exchange,
Official Market
Further inquiry note:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30
Wolfgang Haas
Head of Group Communications & Marketing, Spokesperson of the Group
Tel.: +43 (0)50 390-21029
Fax: +43 (0)50 390 99-21029
E-Mail: wolfgang.haas@vig.com
Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 390-21920
Fax: +43 (0)50 390 99-21920
E-Mail: nina.higatzberger@vig.com
end of announcement euro adhoc
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issuer: Vienna Insurance Group
Schottenring 30
A-1010 Wien
phone: +43(0)50 390-21919
FAX: +43(0)50 390 99-23303
mail: investor.relations@vig.com
WWW: www.vig.com
sector: Insurance
ISIN: AT0000908504
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien, stock market: Prague Stock Exchange
language: English
Original-Content von: Vienna Insurance Group, übermittelt durch news aktuell