Brief: Alm. Brand Announces Guidance For 2024, 2023 Financial Results

ALM. Brand A/S

22/01/2024 07:17

Jan 22 (Reuters) - ALM. Brand A/S  ALMB.CO :
    * GUIDANCE FOR 2024 AND FINANCIAL RESULTS FOR 2023
    * FOR 2024, ALM. BRAND GROUP THUS EXPECTS TO REPORT A
CONSOLIDATED
PRE-TAX PROFIT OF DKK 1.53-1.73 BILLION EXCLUDING SPECIAL COSTS
    * GENERATED INSURANCE REVENUE OF DKK 11.8 BILLION IN 2023
    * IN 2024 EXPECTS TO INCUR SPECIAL COSTS OF ABOUT DKK
200-250
MILLION FOR INTEGRATION OF CODAN AND REALISATION OF SYNERGIES
    * COMBINED RATIO OF 88.0 FOR 2023
    * IN 2024 WILL RECOGNISE AMORTISATION CHARGES ON INTANGIBLE
ASSETS
OF ABOUT DKK 360 MILLION
    * 2023 INSURANCE SERVICE RESULT WAS DKK 1.41 BILLION
INCLUDING
RUN-OFF GAINS

Source text for Eikon:  ID:nGNE654k1W 
Further company coverage:  ALMB.CO 

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