SAMPO Sampo Oyj Class A

Sampo plc cancels repurchased shares

Sampo plc cancels repurchased shares

SAMPO PLC                        STOCK EXCHANGE RELEASE                  8 December 2022 at 8:25 am EET



Sampo plc cancels repurchased shares

Sampo plc has, in line with the decision by the Board of Directors, cancelled 16,681,839 own A shares of the company and the cancellation has today been registered with the Finnish Trade Register. The cancelled shares were repurchased under the share buyback programme disclosed on 9 June 2022.

The cancellation reduces the number of issued Sampo A shares with the corresponding amount but has no effect on the share capital. After the cancellation, the total number of issued Sampo A shares is 516,379,512 and the total number of votes attached to these shares is 516,379,512. Prior to the cancellation of the own shares, there were in total 533,061,351 issued Sampo A shares. After the cancellation, the total number of Sampo shares, including 200,000 B shares, amounts to 516,579,512 shares. The total number of votes attached to the shares is 517,379,512.

Since the start of its first share buyback programme in October 2021, Sampo has repurchased and cancelled 38.8 million shares, corresponding to 7.0 per cent of the total number of shares prior to the share buyback programme launched in October 2021.

SAMPO PLC

Investor Relations and Group Communications

For further information, please contact:



Sami Taipalus

Head of Investor Relations

tel. 0

Maria Silander

Communications Manager, Media Relations

tel. 1



Distribution:

Nasdaq Helsinki

Nasdaq Stockholm

London Stock Exchange

The principal media

FIN-FSA



EN
08/12/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Sampo Oyj Class A

Sampo: 1 director

A director at Sampo bought 5,500 shares at 9.140EUR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing C...

Håkon Astrup
  • Håkon Astrup

Sampo Oyj (Buy, TP: EUR10.20) - Strong underwriting momentum

Although Q1 PTP declined by 19% YOY to EUR377m, due to a lower investment result, Sampo continued to see strong underwriting momentum, with 9% YOY GWP growth (in local FX) and a 2.5%-points stronger underlying combined ratio YOY. Based on a better synergy outlook from the integration of Topdanmark, it increased its cost improvement guidance. We have raised our 2026–2027e EPS by ~1% on higher growth and ongoing underwriting improvements. We have raised our target price to EUR10.2 (9.8), and reite...

Håkon Astrup
  • Håkon Astrup

Solid growth momentum into 2025e

Helped by benign weather with few storms, we expect solid underwriting across the Nordic P&C sector for Q1, with underlying performance further supported by earned repricing momentum and abating claims inflation. The sector is trading at an attractive average 2026e P/E of c15.2x and we see solid capital distribution prospects. We reiterate our recommendations on all our covered sector names and highlight Tryg as our top pick.

Håkon Astrup
  • Håkon Astrup

Sampo Oyj (Buy, TP: EUR9.80) - Minor model adjustments

We have adjusted our estimates to reflect the now completed 4-to-1 share split announced by the board on 5 February. While we forecast unchanged earnings, we have revised our 2025–2027e EPS and DPS due to the increased share count. We do not consider these changes to be material, and we have not changed our BUY recommendation. We have adjusted our target price to EUR9.80 (49).

Håkon Astrup
  • Håkon Astrup

Sampo Oyj (Buy, TP: EUR49.00) - Strong underwriting momentum

Against a backdrop of soft financial markets and one-off integration costs, Sampo continues to deliver a solid underwriting performance, with the Q4 adjusted risk ratio improving by 0.3%-points YOY, helped by currency-adjusted GWP growth of 18% YOY. We believe the company’s efforts to mitigate claims inflation and increased frequencies should support growth and earnings, in line with the ambitions from the 2024 CMD, and have raised our 2025–2026e EPS by ~1%. We reiterate our BUY and have raised ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch