DENMARK - ATP Group has recorded losses of DKK2.2bn (US$0.46bn) in the first quarter, with its investment portfolio returning -0.3%.
ATP's investment portfolio results were down DKK4.8bn, after tax on pension-savings returns of DKK0.9bn.
ATP said, provided market conditions did not deteriorate further, the supervisory and executive boards still believed it was possible for the ATP Group to achieve results of between DKK1 and 4bn - before recognition of any additional provisions resulting from increases in life expectancy and any bonus additions to pensions and pension commitments.
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