Brief: Alm. Brand Q1 Profit After Tax Up At DKK 380 Mln

ALM. Brand A/S

12/05/2022 07:58

May 12 (Reuters) - ALM. Brand A/S  ALMB.CO :
    * INTERIM REPORT Q1 2022
    * Q1 PRE-TAX LOSS ON CONTINUING ACTIVITIES DKK 208 MILLION
VERSUS
PROFIT DKK 107 MILLION YEAR AGO
    * Q1 PROFIT AFTER TAX 380 MILLION DKK
    * GUIDANCE FOR THE FULL-YEAR PROFIT ON CONTINUING ACTIVITIES
EXCLUDING SPECIAL COSTS IS MAINTAINED AT DKK 450-500 MILLION
BEFORE TAX AND EXCLUDING RUN-OFF GAINS AND LOSSES, COVERING A
DKK 150 MILLION UPGRADE OF THE GUIDANCE FOR THE TECHNICAL RESULT
AND A DKK 125 MILLION DOWNGRADE OF THE GUIDANCE FOR THE
INVESTMENT RESULT AS WELL AS A DKK 25 MILLION INCREASE IN OTHER
COSTS
    * GUIDANCE CURRENTLY DOES NOT INCLUDE CODAN
    * Q1 PRE-TAX LOSS ON CONTINUING ACTIVITIES EXCLUDING SPECIAL
COSTS
OF DKK 65 MILLION IN Q1 2022, AGAINST A PRE-TAX PROFIT OF DKK
107 MILLION IN Q1 2021 MILLION VERSUS DKK 137 MILLION YEAR AGO
    * DISCONTINUED ACTIVITIES: GROUP POSTED A PROFIT ON
DISCONTINUED
ACTIVITIES OF DKK 544 MILLION AFTER TAX, COMPOSED OF A GAIN ON
THE SALE OF ALM. BRAND LIV OG PENSION A/S OF DKK 537 MILLION AND
THE PROFIT OF LIFE INSURANCE FOR JANUARY AND FEBRUARY IN A TOTAL
AMOUNT OF DKK 7 MILLION AFTER TAX

Source text for Eikon:  ID:nGNE9Gws27 
Further company coverage:  ALMB.CO 

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