Quarterly Figures: Financial Group W&W Stands up Against Bauspar-Flaute
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Here you can find information on the topic "Finance and Insurance". Read now "W&W increases in profit – loss in construction finance decreases".
Wüstenrot & Württembergische AG: Kornwestheim - (ots) - - IFRS Group result rises to 105 million euros. - Property insurance with combined ratio of 86.7 percent gross. - Steps to increase earnings in building saving initiated. - S&P confirms ratings with stable outlook.
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The insurance and construction savings group W&W was able to reduce its losses in the construction savings business in the first half of 2026. Consolidated profit increased from EUR 91 million to EUR 105 million. Head of the Group Jürgen Junker maintains the goal of earning between EUR 120 and 150 million in the full year. The W&W Group makes less loss in construction financing© W&W AG Thanks to lower losses in the [...]
The W&W Group increases its half-yearly profit to 105 million euros, but leaves the annual forecast untapped. This is due to the ongoing pressure in the construction savings business and the real estate market, which forces the company to correct: W&W now expects a decline in new business in construction financing. In addition, the Group warns against imminent devaluations in its own real estate projects, default risks in private debt, infrastru…
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