Vladimír Urbánek (Kurzy.cz)
World markets  |  November 06, 2012 09:46:02

Results Hannover Re in 3Q beat estimates, potential dividend growth

Hannover Re announced that for 3Q2012 reached a net profit of EUR 265.5 million (consensus 215 billion). Operating income also significantly exceeded expectations (vs. EUR 420 million. Eyes. 334 million EUR). The company increased the estimate of profit for the whole year to 8-9%. The head of the company said the dividend can be on top of the usual payout range (35-40%), did not rule out completely or over the said dividend payout. Conversely repurchase by the company is not considering now its CEO, respectively. preferred dividend before the buyback. He also expressed a Sandy storm impacts on farming Hannover Re.According to him, the company is the current expectations of damages able to cover costs associated with the disaster of their "budget for big events." Overall, we consider the results to be better and we expect a positive market reaction.

Marek Hatlapatka
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Výsledky Hannover Re ve 3Q překonaly odhady, možný růst dividendy

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