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5/12/2020, 7:09 AM (Source: TeleTrader)
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Allianz-0.37%

217.40
Chart for: ALLIANZ SE NA O.N.

Allianz diluted EPS down 30.9% to €3.21 in Q1

Allianz SE published its financial report for the first quarter of the year on Tuesday, stating its operating profit tumbled 22.2% compared to the first three months of 2019 to land at €2.3 million. On the other hand, Allianz's total revenue rose 5.7% to reach €42.6 billion for the same period.

The company's diluted earnings per share plunged 30.9% at the same time, standing at €3.21 in the first quarter of 2020. A similar drop of 27.7% was registered in the net income, which came in at €1.48 million.

Allianz has also withdrawn the target range for its operating profit this year due to "uncertainties for the macroeconomic development caused by the current pandemic."

Breaking the News / ND