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
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