DVB Bank SE
DVB Bank SE: Adjustment of forecast for 2017
DVB Bank SE / Key word(s): Forecast Frankfurt/Main, 30 June 2017
DVB Bank SE (DVB) has adjusted its forecast for business performance in 2017. Due to the persistent crisis in the shipping and offshore sectors, DVB expects risk cost development in its Shipping Finance and Offshore Finance portfolios to remain high throughout the 2017 financial year. DVB currently expects consolidated return on equity for 2017 (before taxes and before IAS 39) to fall short of the forecast range between +3% and -3%; it is also unlikely to match the forecasts for the other key financial indicators, cost/income ratio and Economic Value Added. Contact for this ad-hoc disclosure:
30-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | DVB Bank SE |
Platz der Republik 6 | |
60325 Frankfurt am Main | |
Germany | |
Phone: | 069-97504-329 |
Fax: | 069-97504-850 |
E-mail: | info@dvbbank.com |
Internet: | www.dvbbank.com |
ISIN: | DE0008045501 |
WKN: | 804550 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart |
End of Announcement | DGAP News Service |