Carlo Ponfoort
Carlo Ponfoort
below cents estimate fourth per profit quarter
The fourth quarter profit was below estimates, my estimate was 590m or 44 cents per share.
quite
This is quite conservative. More would have been a bonus.
decline effect higher profit strong tax
The higher profit is only the effect of a strong decline of the tax rate.
bit due expect lower price result stock
The U.S. result was disappointing. We expect a bit lower stock price due to the lower U.S. result.
including insurance performed positive quite surprise
The positive surprise is insurance in Europe, which has performed quite well, including in the Netherlands.