W&W H1 FY26 IFRS net profit rises 15.4% to EUR 105 million
Reuters2026/08/14 06:14- W&W posted IFRS net profit up 15.4% to EUR 105 million in H1 2026, with profit before tax rising 27.9% to EUR 156 million.
- Finance result climbed to EUR 213 million from EUR 91 million; gross finance result more than doubled to EUR 1.02 billion.
- Insurance service result slipped 16.2% to EUR 202 million as property/casualty eased 17.5% to EUR 146 million; net profit held at EUR 108 million.
- Housing narrowed its loss to EUR 12 million from EUR 51 million as new mortgage lending fell 11.4% to EUR 2.45 billion.
- Outlook unchanged for 2026 IFRS net profit of EUR 120 million to EUR 150 million, with a stronger focus on digital processes and AI.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Last Time Treasury Yields Hit 6%, Bitcoin Didn't Exist — What Happens If They Get There Again?
Goldman Sachs: AI storage chip demand is underestimated, South Korean stock market still has 80% upside potential
Goldman Sachs Asia-Pacific Chief Equity Strategist Timothy Moe maintains a KOSPI target of 12,000 points, implying an almost 80% increase from the current level. He points out that the market is systematically underestimating the sustainability of the AI storage chip profit cycle. Capital expenditures by US tech giants may exceed $1.2 trillion next year, and the chip shortage triggered by data center expansion will further intensify in 2027. The current KOSPI is trading at only 5.3 times expected earnings, about half of its historical average.
Norwegian sovereign wealth fund may cut $80 billion US Treasury holdings; high-rated mortgage securities expected to become new favorites
Norway's sovereign wealth fund, with a scale of $2.3 trillions, has recommended reducing government bond holdings and reallocating funds towards higher-yielding fixed income assets.
Crypto prices
More
