Portigon AG

  • WKN: 836490
  • ISIN: DE0008364902
  • Land: Deutschland

Nachricht vom 02.12.2019 | 17:35

Portigon AG: Expected year end results for 2019 impacted by higher provisions

Portigon AG / Key word(s): Annual Results
Portigon AG: Expected year end results for 2019 impacted by higher provisions

02-Dec-2019 / 17:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 

Due to the ongoing investigations by the public prosecutor in connection with dividend arbitrage transactions of the former WestLB as a precaution, Portigon AG will be required to build an additional provision for taxes on dividend payments for which a tax credit had been applied for in previous years potentially without justification, as well as interest payments in connection therewith.

Therefore, the Managing Board of Portigon AG has revised its forecast for the annual results of fiscal year 2019. The Management Board is now expecting the annual accounts for 2019 resulting in a loss in the range of approximate 500 Mio € - 600 Mio €.




Contact:
Dr. Carsten Hellinger
Head of Board Secretary
Portigon AG
Voelklinger Str. 4
40219 Duesseldorf
Dr.Carsten.Hellinger@portigon-ag.de
Tel. +49 (0) 211 826 71455

02-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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