EANS-Adhoc: Vienna Insurance Group - volatilities in the result expected
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announcement.
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other/Volatilities results development
11.11.2013
Vienna Insurance Group sustainably strives to keep volatilities in the
development of results as low as possible taking into account the economic
environment - due to the continuing difficult market conditions in Romania and
the adverse situation of Donau Versicherung's motor insurance business in Italy,
the Managing Board of Vienna Insurance Group assumes, however, that based on the
current status and the data registered for the preparation of the results for
the third quarter of 2013 this objective will not be met in the current year.
Nevertheless, the management of Vienna Insurance Group will maintain its
established strategy to focus on the markets of Austria and Central and Eastern
Europe as well as on its core competence "insurance business". Vienna Insurance
Group will continue to adhere to a risk-conscious and conservative investment
policy based on a strong capitalisation.
Further inquiry note:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30
Alexander Jedlicka
Head of Public Relations, Spokesperson of the Group
Tel.: +43 (0)50 350-21029
Fax: +43 (0)50 350 99-21029
E-Mail: alexander.jedlicka@vig.com
Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 350-21920
Fax: +43 (0)50 350 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