on ProCredit Holding AG & Co. KGaA (isin : DE0006223407)
ProCredit Holding AG Updates Medium-Term Financial Outlook
On March 12, 2024, ProCredit Holding AG, a Frankfurt-based financial institution, announced an update to its medium-term financial outlook. This revision is a consequence of updates made to the group's business strategy, as decided by the Management Board.
The bank has adjusted its return on equity (RoE) forecast from the previous anticipation of around 12% to a new target of 13-14%. This shift reflects the institution’s positive reassessment of its future financial performance, stemming from strategic adjustments within the group.
This information, disclosed as inside information under Article 17 MAR of Regulation (EU) No 596/2014, marks a significant development for the group’s investors and stakeholders, impacting the firm's financial projections and potential investment attractiveness.
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