NN Group NV (XTER:2NN)
€ 45.5 0.49 (1.09%) Market Cap: 12.05 Bil Enterprise Value: 17.47 Bil PE Ratio: 10.67 PB Ratio: 0.59 GF Score: 41/100

Q4 2018 NN Group NV Earnings Call Transcript

Feb 14, 2019 / 09:30AM GMT
Operator

Good morning, Mr. Friese. Over to you.

E. Friese
NN Group N.V. - Chairman of Executive Board & CEO

Good morning, everyone, and welcome to our conference call to discuss NN Group's results for the fourth quarter of 2018. I will start today's presentation by talking about the highlights of the fourth quarter results. I will then take you -- take this opportunity to look back on 2018, in particular, at the progress we've made to integrate Delta Lloyd as well as the financial and commercial developments in the past year. Delfin Rueda, our Chief Financial Officer, will then take you through details of the financial performance and talk about the free cash flow and the capital position of the group. After wrapping up the presentation, I will open the call for Q&A. And Jan-Hendrik Erasmus, our Chief Risk Officer, is also with us today to answer your questions.

So let me start with the highlights shown on Slide #3. NN Group's operating result of the ongoing business for the fourth quarter of 2018 was EUR 343 million, broadly stable on the same quarter

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