Unemployment Insurance Fund's (TVR) estimate of th
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Unemployment Insurance Fund Stock Exchange Release 20 December 2016 at 11:15 am
Unemployment Insurance Fund's (TVR) estimate of the Full-year result has changed
TVR's Board of Directors has improved the estimate of the Full-year result for year 2016.
Unemployment Insurance Fund presented on 25 August 2016 the latest estimate of the Full-year result to be positive 46 million euros. The latest official unemployment statistics have shown that the number of persons unemployed has been diminishing at the rate of a few percent compared to the correspondent month during 2015. At the same time there has been signs that the total amount of unemployment benefit payment made by the unemployment funds has been in a decline.
According to the latest estimate by TVR it is stated that the total amount of unemployment benefits and other benefits financed by TVR would diminish by five percent in 2016 compared to 2015. Therefore TVR estimates the Full-year result for 2016 to improve compared to the earlier estimates. The latest estimate of the Full-year result is positive approximately 200 million euros. The net position is estimated to be negative approximately 500 million euros at the end of year 2016.
TVR has on 15 September 2016 reported the Calendar of events for 2017, according to which is the Preliminary result for 2016 scheduled to be reported on the week 5, 2017 and the Full-year report 2016 to be released on the week 12, 2017.
Additional information:
Janne Metsämäki, Managing Director. tel. +358 40 522 3614 Tapio Oksanen, Deputy Managing Director, CFO tel. +358 40 539 4651
Helsinki, 20 December 2016
Unemployment Insurance Fund (TVR)
Tapio Oksanen Deputy Managing Director
Distribution: NASDAQ OMX Helsinki Media www.tvr.fi
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