Generali Holding Vienna AG
Generali Holding Vienna english
Unchanged Dividend
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Generali Holding Vienna AG expects to post higher net earnings and an unchanged
dividend for 2001. The group reports above-forecast growth in premium income.
The deterioration in the financial and fiscal environment may affect year-end
results on a consolidated basis.
Despite the downturn in the financial markets as well as the negative impact of
the fiscal reform, the Generali Vienna Group has performed well during the first
three quarters of 2001. The slump in share prices, a drastic rise in
reinsurance costs and massive new tax burdens are of course having an impact on
the Generali Vienna Group as on the rest of the industry. This notwithstanding
the Generali Vienna Group is confident that the group’s consolidated financial
statement will show a profit at year-end as financial markets showed an improved
performance since September 30.
Generali Holding Vienna AG expects its full-year net earnings to be even higher
than in 2000, when they came to Sch 262.1 million/EUR 19.0 million. The company
still plans to distribute the same per-share outpayment to shareholders
(dividend plus bonus) as for 2000, namely EUR 1.82.
Premium income appears to be growing more rapidly than projected. The Generali
Vienna Group is forecasting full-year growth in excess of 7 percent to Sch 34.3
billion/EUR 2.5 billion, exceeding original expectations by roughly Sch 300
million/EUR 21.8 million.
end of ad-hoc-announcement (c)DGAP 30.11.2001
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WKN: 066135; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München und Stuttgart
300800 Nov 01
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