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As of 3:35 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

wuestenrot & wuerttemberg (WUW) Snapshot

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06/16/14 - €20.05
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wuestenrot & wuerttemberg (WUW) Details

Wüstenrot & Württembergische AG operates as an independent financial services company in Germany and internationally. The company operates in two segments, Home Savings Bank and Insurance. It offers savings accounts and mortgage products, as well as life and property insurance products. Wüstenrot & Württembergische AG is headquartered in Stuttgart, Germany.

wuestenrot & wuerttemberg (WUW) Top Compensated Officers

President of Management Board and Chief Execu...
Total Annual Compensation: €1.3M
Chief Financial Officer, Chief Risk Officer a...
Total Annual Compensation: €576.7K
Chief Operating Officer, Chief Information Of...
Total Annual Compensation: €632.5K
Compensation as of Fiscal Year 2013.

wuestenrot & wuerttemberg (WUW) Key Developments

Wüstenrot & Württembergische AG Presents at Berenberg and Goldman Sachs Third Annual German Corporate Conference, Sep-22-2014 09:00 AM

Wüstenrot & Württembergische AG Presents at Berenberg and Goldman Sachs Third Annual German Corporate Conference, Sep-22-2014 09:00 AM. Venue: Dolce Munich Unterschleissheim, Andreas-Danzer-Weg 1, 85716 Unterschleissheim, Germany. Speakers: Michael Gutjahr, Chief Financial Officer, Chief Risk Officer and Member of Management Board.

Wüstenrot & Württembergische Plans to Cut Some 800 Out of 7,900 Jobs by 2015; Reports Earnings Results for the First Quarter Ended March 2014; Provides Earnings Guidance for the Year 2014 and 2015

Wuestenrot and Wuerttembergische announced that under the cost-cutting program, some 800 out of 7,900 jobs will be slashed by 2015. The elimination of further 300 in the savings banks business of the group is being carried out at present and another 200 jobs will be cut in the insurance business and other units by the end of 2015. The company reported earnings results for the first quarter ended March 2014. For the quarter, the company recorded a net profit increase in the first quarter of 2014, helped by the ongoing cost-cutting programme. The company announced its net profit grew to EUR 54.2 million (USD 74.36 million) from January to March 2014 from EUR 39.2 million a year earlier. For the year 2014, the company expects a net profit of EUR 180 million if there are no considerable negative one-off effects such as high damages or turmoil on capital markets. For the year 2015, the company announced that when the cost-cutting programme will be completed, the company projects a net profit in the range of EUR 230 million and EUR 250 million.

Wüstenrot & Württembergische Announces Executive Changes Effective April 30, 2014

Wüstenrot & Württembergische AG announced that Michael Gutjahr will become CFO as of April 30. Gutjahr replaces Jan Wicke, who is leaving to become board member responsible for German retail at Talanx AG. He will later become CEO of Talanx Deutschland AG. Gutjahr is the board member responsible for personnel and labor at W&W. Susanne Pauser, chief representative of personnel, will take on greater responsibility as Gutjahr takes on his new role. Board member Ruth Martin, responsible for life insurance, will also retire from the board. Her replacement is being sought. The number of board members will therefore reduce to three from four, with Martin's responsibilities divided between the three.


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