Brief: Stern Groep Q1 Profit After Tax Down At EUR 3.3 Mln

PB Holding NV

07/05/2021 13:52

May 7 (Reuters) - STERN GROEP NV  ARTN.AS :
    * RESULTS FOR THE FIRST QUARTER OF 2021
    * Q1 PROFIT AFTER TAX WAS € 3.3 MILLION (Q1-2020: € 4.2
MILLION)
    * NET REVENUE IN Q1-2021 OF € 217.2 MILLION DOWN 6.8% ON
Q1-2020
    * EXPECT TO SEE FURTHER RECOVERY IN OUR SALES MARKETS IN
COMING
MONTHS, HOWEVER NEGATIVE EFFECTS OF COVID-19 ON OUR OPERATING
PROFIT WILL CONTINUE FOR SOME TIME YET
    * NEGATIVE EFFECT OF COVID-19 STILL MATERIAL IN Q1-2021
    * SOLVENCY RATIO AT 31 MARCH 2021 STOOD AT 31.2% (YEAR-END
2020:
28.9%)
    * IT IS STILL NOT APPROPRIATE TO ISSUE DETAILED FORECASTS
FOR
ANNUAL PROFIT IN 2021
    * NET ASSET VALUE PER SHARE AT 31 MARCH 2021 WAS € 22.69
(YEAR-END
2020: € 22.09)
    * GROUP EQUITY ROSE BY € 3.3 MILLION COMPARED TO YEAR-END
2020 TO
€ 128.7 MILLION AT THE END OF MARCH 2021

Source text for Eikon:  ID:nNDL5KLJ7h 
Further company coverage:  ARTN.AS 

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