Announcement no. 21/2020
Stable underlying earnings development – return on investments hit by development on financial markets
Financial forecast for 2020 earnings affected by Covid-19
Due to an increased uncertainty about the macroeconomic outlook following the effects of Covid-19, which has negatively affected the financial markets,
At the time of the announcement of the full year report for 2019,
The underlying development in earnings as measured by the technical result in both
However,
In order to reflect this
The group’s capital and liquidity positions remain strong with significant buffers well above the regulatory requirements.
The Group’s financial targets for 2022 are not affected by the current development.
Contact
Please direct any questions regarding this announcement to:
Chief Executive Officer (interim)
Tel. +45 3547 7907
Investors and equity analysts:
Senior Vice President, Investor Relations
Mobile no. +45 2510 4717
Senior Investor Relations Officer
Mikael Bo Larsen
Mobile no. +45 5143 8002
Press:
Chief Communication Officer
Mobile no. +45 2524 8993
Attachment
- AS 21 2020 - Changes to guidance 2020
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