ERGO Group AG
Weak capital markets dampen ERGO’s expectations
ERGO Versicherungsgruppe AG / Half Year Results/Forecast Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Düsseldorf, 25 July 2008. The weak capital markets make themselves felt for ERGO Versicherungsgruppe AG: ERGO’s half year result, at € 269 million, is 33.3% below last year’s comparable figure (€ 403 million). Prospects for the full year result are lowered as well. Thus the Group takes into account the ongoing poor situation on the capital markets. This decision was taken by ERGO’s Board of Management in today’s meeting following its discussion of the regular update of the forecast for the full year. According to today’s state of knowledge the full year result will be in a range between € 320 million and € 380 million. The previously forecasted range of € 480 million and € 600 million was based on the assumption of a normal capital market environment. ERGO, however, sticks to its longer-term targets. Until 2012, the sustainable consolidated result – under the assumption of neither extraordinarily favourable nor poor capital market conditions – is to climb to € 900 million. The full set of ERGO’s half year figures will be published on 6 August 2008. ERGO Versicherungsgruppe AG The Board of Management For further information, please contact Dr. Alexander Becker, Tel. +49/211/4937-1510. 25.07.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: ERGO Versicherungsgruppe AG Victoriaplatz 2 40198 Düsseldorf Deutschland Phone: +49 211 49 37-0 Fax: +49 211 49 37-15 00 E-mail: info@ergo.de Internet: www.ergo.com ISIN: DE0008418526 WKN: 841852 Listed: Regulierter Markt in Frankfurt (General Standard), Düsseldorf; Freiverkehr in Berlin, Hannover, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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