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ALMB — ALM. Brand A/S News Story

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Brief: Alm. Brand Group Releases Financial Targets For 2028

Nov 18 (Reuters) - ALM. Brand A/S ALMB.CO:

ALM. BRAND GROUP HOSTS CAPITAL MARKETS DAY AND RELEASES FINANCIAL TARGETS FOR 2028

TARGETS INSURANCE SERVICE RESULT OF DKK 2,350 MILLION IN 2028

TARGETS COMBINED RATIO OF 82 AND EXPENSE RATIO OF 16 BY 2028

PLANS ADDITIONAL SHARE BUY-BACKS OF DKK 600 MILLION IN 2026

MAINTAINS PAYOUT RATIO OF AT LEAST 80% WITH DIVIDENDS AND BUY-BACKS

STRATEGIC INITIATIVES COMBINED WITH BUYBACKS ARE ANTICIPATED TO DRIVE ANNUAL GROWTH IN EARNINGS PER SHARE OF 10% ON AVERAGE IN PERIOD 2026 TO 2028

INTRODUCES A NEW PROFITABILITY TARGET, RETURN ON OWN FUNDS (ROOF), WITH A TARGET OF 40% TO BE ACHIEVED BY 2028

Source text: ID:nGNE3z1QhW

Further company coverage: ALMB.CO

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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