SpareBank 1 SMN: Notification of positive result

SpareBank 1 Gruppen AS has notified its shareholders that the preliminary result for the second quarter of 2019 is significantly better than expected, including such as a result of a non-recurring effect in the company SpareBank 1 Forsikring AS.

The overall result for majority's share of SpareBank 1 Gruppen AS amounts to NOK 954 million for the second quarter.

SpareBank 1 SMNs share of this result make up to a total of NOK 186 million and will be recognised in the second quarter accounts.

Further details will be communicated and commented upon in connection with the presentation of the group's half-year result on 8 August.

Trondheim, 11 July 2019

Contacts:
Executive Vice President, Finance, Kjell Fordal on [phone]
Executive Vice President, Corporate Communications, Hans Tronstad on [phone]

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SpareBank 1 SMN via Globenewswire