Carlo Ponfoort
Carlo Ponfoort
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.
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.
including insurance performed positive quite surprise
The positive surprise is insurance in Europe, which has performed quite well, including in the Netherlands.