Nurnberger Beteiligungs (NBG) continues to operate in a challenging interest rate environment limiting its net investment income and translating into higher additions to the Zinszusatzreserve (ZZR) despite the regulatory changes to its calculation introduced some time ago. Nevertheless, it was able to post solid results in FY19, with net profit ahead of management expectations. Consequently, management proposed a 10% increase in the dividend to €3.3 per share. Uncertainty around the impa
07 Apr 2020
Nurnberger Beteiligungs - FY19 earnings ahead of guidance
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Nurnberger Beteiligungs - FY19 earnings ahead of guidance
Nuernberger Beteiligungs AG Class B (NBG6:ETR) | 0 0 0.0% | Mkt Cap: 827.6m
- Published:
07 Apr 2020 -
Author:
Anne Margaret Crow -
Pages:
5
Nurnberger Beteiligungs (NBG) continues to operate in a challenging interest rate environment limiting its net investment income and translating into higher additions to the Zinszusatzreserve (ZZR) despite the regulatory changes to its calculation introduced some time ago. Nevertheless, it was able to post solid results in FY19, with net profit ahead of management expectations. Consequently, management proposed a 10% increase in the dividend to €3.3 per share. Uncertainty around the impa