In view of the continuing negative economic effects of the Coronavirus pandemic, W-stenrot & W-rttembergische AG is adjusting its outlook for the financial year 2020. W&W AG is now expecting the net income after taxes to remain below the medium term target of EUR 220 to EUR 250 million. The positive operative results of the first quarter of 2020 are burdened especially by volatile capital markets as well as by special balance sheet effects due to the Coronavirus pandemic. New business showed positive in the first quarter.