SAMPO Sampo Oyj Class A

Sampo-konsernin tulos tammi-kesäkuulta 2023 julkaistaan 9.8.2023

Sampo-konsernin tulos tammi-kesäkuulta 2023 julkaistaan 9.8.2023

SAMPO OYJ                        LEHDISTÖTIEDOTE                                   2.8.2023 klo 11.45

Sampo-konsernin tulos tammi-kesäkuulta 2023 julkaistaan 9.8.2023

Sampo-konsernin puolivuosikatsaus tammi-kesäkuulta 2023 julkaistaan 9.8. klo 9.30 - 10.00. Raportti ja sitä täydentävä esitysaineisto sekä konsernijohtaja Torbjörn Magnussonin videokatsaus ovat saatavilla osoitteessa .

Puhelinkonferenssi

9.8. klo 13.30

Puh. (09) 2319 5437, , +44 (0) 33 0551 0200 tai +46 (0) 8 5052 0424.

Puhelinkonferenssin tunnus: Sampo

Analyytikoille ja sijoittajille järjestettävään puhelinkonferenssiin osallistuvat konsernijohtaja Torbjörn Magnusson, talousjohtaja Knut Arne Alsaker, If Skadeförsäkring Holding AB:n (publ) toimitusjohtaja Morten Thorsrud sekä sijoittajasuhdejohtaja Sami Taipalus. Puhelinkonferenssi on englanninkielinen.

Puhelinkonferenssia voi seurata samanaikaisesti internetissä osoitteessa . Tallenne on kuunneltavissa myöhemmin samassa osoitteessa.



SAMPO OYJ

Sijoittajasuhteet ja konserniviestintä

Lisätiedot:

Maria Silander

viestintäpäällikkö, mediayhteydet

puh. 010 516 0031

Jakelu:

Keskeiset tiedotusvälineet



EN
02/08/2023

Underlying

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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 ...

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