DGAP-Adhoc: Munich Re announces profit target of €2.8bn for 2021; Profit outlook of €1.2bn for 2020
DGAP-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Forecast
Munich Re announces profit target of €2.8bn for 2021; Profit outlook of €1.2bn for 2020
01-Dec-2020 / 10:54 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.
Munich Re announces profit target of €2.8bn for 2021; Profit outlook of €1.2bn for 2020
Munich Re's Board of Management has today approved its profit guidance for 2021. Despite anticipated further COVID‑19 losses, Munich Re will seamlessly return to its pre-pandemic profit level of €2.8bn. Munich Re expects financial consequences from COVID-19 next year as well, but on a considerably smaller scale than in 2020. In reinsurance, COVID-19 claims will amount to approximately €500m, and the technical result will be reduced by €50m due to foregone premiums. The ERGO field of business anticipates negative effects on the net result totalling about €100m. Group premium income will rise to about €55bn in 2021 - despite a decrease in premium volume caused by the pandemic. The return on investment will be above 2.5%. Financial planning for 2021 is subject to the approval of the Supervisory Board.
On account of considerable uncertainty pertaining to the repercussions of COVID-19, Munich Re withdrew its profit forecast for this year on 31 March 2020. The Board of Management has today approved a revised forecast for this year, with Munich Re expecting a consolidated profit of €1.2bn for 2020. A profit of €200m has been forecast for Q4. As in Q1-Q3, there has been high expenditure for COVID‑19 in Q4. In 2020, Munich Re expects €3.4bn in reinsurance losses arising from COVID-19, with life and health reinsurance accounting for €360m and property-casualty reinsurance for €3.02bn. ERGO expects a negative COVID-19 impact of approx. €65m on the net result. Group premium income in 2020 is expected to total €54bn. High market volatility and the further fall in interest rates notwithstanding, the return on investment will be approx. 3%.
Contact:
Dr. Fabian Jürgens
General Counsel & Group Chief Compliance Officer
01-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: |
English |
Company: |
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München |
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Königinstraße 107 |
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80802 München |
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Germany |
Phone: |
+49(0) 89 3891-0 |
Fax: |
+49(0) 89 399 056 |
E-mail: |
[email protected] |
Internet: |
www.munichre.com |
ISIN: |
DE0008430026, DE0008430026 |
WKN: |
843002, 843002 |
Indices: |
DAX, EURO STOXX 50 |
Listed: |
Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand |
EQS News ID: |
1151764 |
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End of Announcement |
DGAP News Service |
1151764 01-Dec-2020 CET/CEST
Die wichtigsten Finanzdaten auf einen Blick
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Umsatzerlöse1 |
49.115,00 |
49.064,00 |
51.457,00 |
54.890,00 |
59.567,00 |
67.133,00 |
57.884,00 |
EBITDA1,2 |
1.241,00 |
3.725,00 |
4.004,00 |
1.986,00 |
3.517,00 |
4.087,00 |
6.019,00 |
EBITDA-Marge3 |
2,53 |
7,59 |
7,78 |
3,62 |
5,90 |
6,09 |
|
EBIT1,4 |
1.241,00 |
3.725,00 |
4.004,00 |
1.986,00 |
3.517,00 |
3.582,00 |
5.702,00 |
EBIT-Marge5 |
2,53 |
7,59 |
7,78 |
3,62 |
5,90 |
5,34 |
9,85 |
Jahresüberschuss1 |
392,00 |
2.275,00 |
2.707,00 |
1.211,00 |
2.932,00 |
3.419,00 |
4.597,00 |
Netto-Marge6 |
0,80 |
4,64 |
5,26 |
2,21 |
4,92 |
5,09 |
7,94 |
Cashflow1,7 |
1.833,00 |
2.998,00 |
9.493,00 |
7.219,00 |
5.226,00 |
-7.644,00 |
2.543,00 |
Ergebnis je Aktie8 |
2,44 |
15,53 |
18,97 |
8,63 |
20,93 |
24,63 |
33,88 |
Dividende8 |
8,60 |
9,25 |
9,80 |
9,80 |
11,00 |
11,60 |
8,60 |
Quelle: boersengefluester.de und Firmenangaben
Geschäftsbericht 2023 - Kostenfrei herunterladen.
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: Ernst & Young
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INVESTOR-INFORMATIONEN |
©boersengefluester.de |
Münchener Rück |
WKN |
Kurs in € |
Einschätzung |
Börsenwert in Mio. € |
843002 |
452,800 |
Halten |
61.792,78 |
KGV 2025e |
KGV 10Y-Ø |
BGFL-Ratio |
Shiller-KGV |
12,58 |
13,72 |
0,90 |
23,03 |
KBV |
KCV |
KUV |
EV/EBITDA |
2,24 |
24,30 |
1,07 |
10,27 |
Dividende '22 in € |
Dividende '23 in € |
Div.-Rendite '23 in % |
Hauptversammlung |
11,60 |
15,00 |
3,31 |
30.04.2025 |
Q1-Zahlen |
Q2-Zahlen |
Q3-Zahlen |
Bilanz-PK |
08.05.2024 |
08.08.2024 |
07.11.2024 |
14.03.2024 |
Abstand 60Tage-Linie |
Abstand 200Tage-Linie |
Performance YtD |
Performance 52 Wochen |
-0,39% |
7,24% |
20,71% |
28,13% |
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