Brief: Vestjysk Bank Upgrades Its Guidance For 2021

Vestjysk Bank A/S

12/10/2021 10:55

Oct 12 (Reuters) - Vestjysk Bank A/S  VJBA.CO :
    * REG-VESTJYSK BANK UPGRADES ITS GUIDANCE FOR 2021
    * RAISES ITS FORECAST FOR CORE EARNINGS NET OF NON-RECURRING
ITEMS
RELATING TO MERGER WITH DEN JYSKE SPAREKASSE TO A PROFIT AFTER
TAX IN DKK 650-700 MILLION RANGE FROM PREVIOUSLY DKK 575 - 625
MILLION
    * 2021 EXPECTED OVERALL PROFIT INCLUDING NON-RECURRING ITEMS
AFTER
TAX IS RAISED FROM ABOUT DKK 900-1,000 MILLION TO DKK 950 -
1,050 MILLION.
    * UPGRADE IS RESULT OF A PERSISTENTLY HIGH LEVEL OF BUSINESS
ACTIVITY AND LOWER-THAN-EXPECTED IMPAIRMENT CHARGES
    * IMPLEMENTATION OF MERGER CONTINUES AS PLANED AND AS
COMMUNICATED
EARLIER

Source text for Eikon:  ID:nGNE2LdjK5 
Further company coverage:  VJBA.CO 

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