Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Alm. Brand A/S - Upgraded guidance for technical result and downgraded guidance for investment result

13.10.2022, 16.15
Alm. Brand

Upgraded guidance for technical result and downgraded guidance for investment result

Alm. Brand Group reported a satisfactory trend in non-life insurance activities in the past quarter. Against this background, Alm. Brand Group upgrades its guidance for the technical result to DKK 1,050-1,100 million, against the previous guidance of DKK 950-1,050 million excluding run-off gains and losses for the final quarter of the year.

The investment result reported at mid-August caused Alm. Brand Group to maintain its guidance for the investment result for 2022 at a loss of DKK 100 million. But due to subsequent adverse financial market developments and consequent capital losses on shares and bonds, Alm. Brand Group is now revising its guidance for the group’s investment result for 2022 to a loss of DKK 350 million.

The guidance for profit of other activities is maintained at a loss of DKK 100 million. Against this background, Alm. Brand Group expects to report a consolidated pre-tax profit on continuing activities for 2022 of DKK 600-650 million excluding special costs, against the previous guidance of DKK 750-850 million.

Alm. Brand Group will release its Q3 interim report on 10 November 2022.

CEO Rasmus Werner Nielsen:

“We're pleased that our business is developing satisfactorily and that our efforts to combine Codan and Alm. Brand and strengthen our market position are progressing as planned. In the short term, we’re unfortunately feeling the effects of the general turmoil and downturn in the financial markets, but longer term higher interest rates will serve to benefit our insurance earnings as well as our investment result.”

Contact

Please direct any questions regarding this announcement to:

Investors and equity analysts:                 

Head of Investor Relations                Senior Investor Relations Officer
Mads Thinggaard                 Mikael Bo Larsen
Mobile no. +45 2025 5469                Mobile no. +45 5143 8002

Press:        

Head of Communication & Sustainability
Emilie Wedell-Wedellsborg
Mobile no. +45 2032 6530

Attachment

  • AS 19 2022 - Updated guidance

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team

Privacy preferences

Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.