Brief: Alm. Brand Upgrades Guidance For Technical Result, Downgrades Guidance For Investment Result

ALM. Brand A/S

13/10/2022 15:20

Oct 13 (Reuters) - ALM. Brand A/S  ALMB.CO :
    * UPGRADED GUIDANCE FOR TECHNICAL RESULT AND DOWNGRADED
GUIDANCE
FOR INVESTMENT RESULT
    * UPGRADES ITS GUIDANCE FOR TECHNICAL RESULT TO DKK
1,050-1,100
MILLION
    * PREVIOUS GUIDANCE: TECHNICAL RESULT OF DKK 950-1,050
MILLION
EXCLUDING RUN-OFF GAINS AND LOSSES FOR FINAL QUARTER OF YEAR
    * REVISES GUIDANCE FOR GROUP'S INVESTMENT RESULT FOR 2022 TO
LOSS
OF DKK 350 MILLION
    * EXPECTS TO REPORT CONSOLIDATED PRE-TAX PROFIT ON
CONTINUING
ACTIVITIES FOR 2022 OF DKK 600-650 MILLION EXCLUDING SPECIAL
COSTS
    * PREVIOUS PRE-TAX GUIDANCE: DKK 750-850 MILLION
    * RAISES TECHNICAL RESULT GUIDANCE DUE TO SATISFACTORY TREND
IN
NON-LIFE INSURANCE ACTIVITIES IN PAST QUARTER
    * CEO: IN SHORT TERM, WE'RE UNFORTUNATELY FEELING EFFECTS OF
GENERAL TURMOIL AND DOWNTURN IN FINANCIAL MARKETS

Source text for Eikon:  ID:nGNE5KWzj8 
Further company coverage:  ALMB.CO 
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