• Net loss of some CHF20m for H1 20 due to COVID-19 and a negative one-off effect • Helvetia evaluates a bigger part of its equity portfolio at fair value. The investment result of Helvetia was therefore a low three-digit millions loss before tax in H1 20 • Wrong hedging strategy decision by management in March 2020 • Full set of H1 20 figures will be published on 15 September 2020
25 Aug 2020
Profit warning due to COVID-19 and negative one-off
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Profit warning due to COVID-19 and negative one-off
• Net loss of some CHF20m for H1 20 due to COVID-19 and a negative one-off effect • Helvetia evaluates a bigger part of its equity portfolio at fair value. The investment result of Helvetia was therefore a low three-digit millions loss before tax in H1 20 • Wrong hedging strategy decision by management in March 2020 • Full set of H1 20 figures will be published on 15 September 2020