For 2020, an operating profit of 12.0 billion euros is expected, plus or minus 500 million euros (up by 4.3 percent compared to previous year's target).
Outlook 2020
Operating profit (EUR bn)
Source: Analyst presentation on the results 2019, chart B 39 (released on 02/21/2020)
As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements, may severely affect the results of our operations.