Alm. Brand（1AM）株式概要アルムBrand A/Sはその子会社とともにデンマークで損害保険商品とサービスを提供している。 詳細1AM ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長1/6過去の実績4/6財務の健全性5/6配当金3/6報酬当社が推定した公正価値より36.1%で取引されている 収益は年間12.08%増加すると予測されています 過去1年間で収益は63.9%増加しました アナリストらは、株価が21.9%上昇するだろうとほぼ一致している。 リスク分析財務結果に影響を与える大きな一時的項目 不安定な配当実績 すべてのリスクチェックを見る1AM Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW488,161 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeINBLROAG488,161 investors already sharing narrativesYour Fair Value€Current Price€2.076.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture014b2016201920222025202620282031Revenue DKK 14.4bEarnings DKK 1.3bAdvancedSet Fair ValueView all narrativesAlm. Brand A/S 競合他社Wüstenrot & WürttembergischeSymbol: XTRA:WUWMarket cap: €1.4bNÜRNBERGER Beteiligungs-AGSymbol: XTRA:NBG6Market cap: €1.4bHannover RückSymbol: XTRA:HNR1Market cap: €29.4bTalanxSymbol: XTRA:TLXMarket cap: €28.7b価格と性能株価の高値、安値、推移の概要Alm. Brand過去の株価現在の株価DKK 2.0752週高値DKK 2.4952週安値DKK 1.87ベータ1.121ヶ月の変化8.99%3ヶ月変化2.78%1年変化-5.47%3年間の変化51.39%5年間の変化-66.97%IPOからの変化-76.57%最新ニュースBoard Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman Jais Stampe Valeur was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 09Alm. Brand A/S Approves Dividend for the Year 2025The Board of Directors of Alm. Brand A/S at its annual general meeting held on April 9, 2026, approved dividend of DKK 0.66 per share be paid in respect of 2025 for a total dividend payout of DKK 933 million. The remaining profit will be transferred to the company’s distributable reserves.お知らせ • Mar 19Alm. Brand A/S, Annual General Meeting, Apr 09, 2026Alm. Brand A/S, Annual General Meeting, Apr 09, 2026, at 15:00 Romance Standard Time. Location: alm. brand, midtermolen 7, 2100 copenhagen o, Denmarkお知らせ • Feb 24Alm. Brand A/S Announces CEO ChangesFollowing the successful completion of the merger of Alm. Brand and Codan, Rasmus Werner Nielsen has chosen to step down as CEO of Alm. Brand A/S. Deputy CEO and CFO Andreas Ruben Madsen is appointed as the new CEO of Alm. Brand Group effective from 1 March. Andreas Ruben Madsen has been employed with the group for ten years, the last six years as CFO and member of the Group Executive Management and, since March 2025, as Deputy CEO. From 1 March 2026, the Group Executive Management will consist of Andreas Ruben Madsen (CEO), Camilla Amstrup (CCO) and Bo Krag Esbensen (COO).お知らせ • Jan 21Alm. Brand A/S Recommends Ordinary Dividend for the Financial Year 2025The Board of Directors of Alm. Brand A/S recommended that an ordinary dividend of DKK 0.66 per share be paid in respect of the 2025 financial year, equivalent to DKK 0.9 billion.お知らせ • Aug 26+ 4 more updatesAlm. Brand A/S to Report Q3, 2026 Results on Oct 28, 2026Alm. Brand A/S announced that they will report Q3, 2026 results on Oct 28, 2026最新情報をもっと見るRecent updatesBoard Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman Jais Stampe Valeur was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 09Alm. Brand A/S Approves Dividend for the Year 2025The Board of Directors of Alm. Brand A/S at its annual general meeting held on April 9, 2026, approved dividend of DKK 0.66 per share be paid in respect of 2025 for a total dividend payout of DKK 933 million. The remaining profit will be transferred to the company’s distributable reserves.お知らせ • Mar 19Alm. Brand A/S, Annual General Meeting, Apr 09, 2026Alm. Brand A/S, Annual General Meeting, Apr 09, 2026, at 15:00 Romance Standard Time. Location: alm. brand, midtermolen 7, 2100 copenhagen o, Denmarkお知らせ • Feb 24Alm. Brand A/S Announces CEO ChangesFollowing the successful completion of the merger of Alm. Brand and Codan, Rasmus Werner Nielsen has chosen to step down as CEO of Alm. Brand A/S. Deputy CEO and CFO Andreas Ruben Madsen is appointed as the new CEO of Alm. Brand Group effective from 1 March. Andreas Ruben Madsen has been employed with the group for ten years, the last six years as CFO and member of the Group Executive Management and, since March 2025, as Deputy CEO. From 1 March 2026, the Group Executive Management will consist of Andreas Ruben Madsen (CEO), Camilla Amstrup (CCO) and Bo Krag Esbensen (COO).お知らせ • Jan 21Alm. Brand A/S Recommends Ordinary Dividend for the Financial Year 2025The Board of Directors of Alm. Brand A/S recommended that an ordinary dividend of DKK 0.66 per share be paid in respect of the 2025 financial year, equivalent to DKK 0.9 billion.お知らせ • Aug 26+ 4 more updatesAlm. Brand A/S to Report Q3, 2026 Results on Oct 28, 2026Alm. Brand A/S announced that they will report Q3, 2026 results on Oct 28, 2026お知らせ • Apr 11+ 1 more updateAlm. Brand A/S Approves Board ChangesAlm. Brand A/S at its AGM held on April 10, 2025, elected Christian Høegh-Andersen to the Board of Directors. At a board meeting held after the general meeting, the Board of Directors elected Jais Valeur as its Chairman and Jan Skytte Pedersen as its Deputy Chairman.お知らせ • Mar 20Jørgen Hesselbjerg Mikkelsen, Chairman of the Board of Directors of Alm. Brand A/S Do Not Stand for Re-ElectionJørgen Hesselbjerg Mikkelsen, Chairman of the Board of Directors of Alm. Brand A/S will not be standing for re-election at the upcoming general meeting.お知らせ • Mar 06Alm. Brand A/S (CPSE:ALMB) announces an Equity Buyback for 110,000,000 shares, representing 7.1% for DKK 835.2 million.Alm. Brand A/S (CPSE:ALMB) announces a share repurchase program. Under the program, the company will repurchase up to 110,000,000 shares, representing 7.1% of its issued share capital, for DKK 835.2 million. The shares may in no event be bought at a price deviating by more than 10% from the most recently quoted market price of the shares at the time of purchase and not at a price higher than the price of the last independent trade or higher than the current highest independent bid on the trading venue on which the purchase is carried out. The purpose of the share buyback is to distribute earnings to shareholders and meet obligations relating to the Group’s employee share programs. At a General Meeting of Alm. Brand A/S, a resolution will be proposed that any shares not used for the employee programs will be cancelled. The program will be completed by March 30, 2026.お知らせ • Jan 22+ 2 more updatesAlm. Brand Group Provides Dividend Guidance for 2025Alm. Brand Group provided dividend guidance for 2025. For the period, the group expects to distribute DKK 1.6 billion related to the divestment of the Energy & Marine business. This distribution is expected to take place in the form of a share buyback programme to be initiated immediately after closing of the transaction. The share buyback programme is expected to run for 12 months. The company thus expects to effect a total distribution of DKK 2.6 billion in 2025.Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: kr.0.20 (vs kr.0.091 in 3Q 2023)Third quarter 2024 results: EPS: kr.0.20 (up from kr.0.091 in 3Q 2023). Revenue: kr.3.42b (down 10% from 3Q 2023). Net income: kr.270.0m (up 92% from 3Q 2023). Profit margin: 7.9% (up from 3.7% in 3Q 2023). Revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.お知らせ • Sep 13Alm. Brand A/S, Annual General Meeting, Apr 10, 2025Alm. Brand A/S, Annual General Meeting, Apr 10, 2025.お知らせ • Sep 12+ 4 more updatesAlm. Brand A/S to Report Q1, 2025 Results on May 01, 2025Alm. Brand A/S announced that they will report Q1, 2025 results on May 01, 2025Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: kr.0.077 (vs kr.0.12 in 2Q 2023)Second quarter 2024 results: EPS: kr.0.077 (down from kr.0.12 in 2Q 2023). Revenue: kr.3.30b (down 1.0% from 2Q 2023). Net income: kr.117.0m (down 37% from 2Q 2023). Profit margin: 3.6% (down from 5.6% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.お知らせ • Aug 15Alm. Brand A/S (CPSE:ALMB) announces an Equity Buyback for 151,000,000 shares, representing 9.99% for DKK 150 million.Alm. Brand A/S (CPSE:ALMB) announces a share repurchase program. Under the program, the company will repurchase up to 151,000,000 shares, representing 9.9% of its issued share capital, for DKK 150 million. The shares may in no event be bought at a price deviating by more than 10% from the most recently quoted market price of the shares at the time of purchase and not at a price higher than the price of the last independent trade or higher than the current highest independent bid on the trading venue on which the purchase is carried out. The purpose of the share buyback is to distribute earnings to shareholders and meet obligations relating to the Group’s employee share programs. At a General Meeting of Alm. Brand A/S, a resolution will be proposed that any shares not used for the employee programs will be cancelled. The program will be completed by December 31, 2024.お知らせ • Jul 01Alm. Brand A/S Provides Earnings Guidance for the Year 2024Alm. Brand A/S provided earnings guidance for the year 2024. For the year, company expects to continuing operations before special items for 2024 is unchanged at DKK 1.43 billion - 1.63 billion when adjusting for the Energy & Marine business, which previously accounted for DKK 200 million of continuing operations.Reported Earnings • May 02First quarter 2024 earnings released: EPS: kr.0.10 (vs kr.0.058 in 1Q 2023)First quarter 2024 results: EPS: kr.0.10 (up from kr.0.058 in 1Q 2023). Revenue: kr.4.00b (up 4.7% from 1Q 2023). Net income: kr.202.0m (up 127% from 1Q 2023). Profit margin: 5.0% (up from 2.3% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.お知らせ • Apr 19Alm. Brand A/S Approves Dividend for the Year 2023Alm. Brand A/S announced that at its AGM held on April 18, 202 dividend of DKK 0.55 per share be paid in respect of 2023 for a total dividend payout of DKK 848 million.Upcoming Dividend • Apr 12Upcoming dividend of kr.0.55 per shareEligible shareholders must have bought the stock before 19 April 2024. Payment date: 23 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.4%).New Risk • Mar 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results.Declared Dividend • Mar 07Dividend of kr.0.55 announcedShareholders will receive a dividend of kr.0.55. Ex-date: 19th April 2024 Payment date: 23rd April 2024 Dividend yield will be 33%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (144% earnings payout ratio) nor is it covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 1.1% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 60% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.New Risk • Feb 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr.0.40 (vs kr.0.025 loss in FY 2022)Full year 2023 results: EPS: kr.0.40 (up from kr.0.025 loss in FY 2022). Revenue: kr.15.2b (up 73% from FY 2022). Net income: kr.612.0m (up kr.650.0m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.お知らせ • Feb 08Alm. Brand A/S Recommends Dividend for the Year 2023The Board of Directors of Alm. Brand A/S recommended that a dividend of DKK 0.55 per share be paid in respect of 2023 in continuation of the general meeting scheduled to be held in April 2024 and that the current share buyback programme be increased by DKK 100 million to DKK 300 million.お知らせ • Jan 31Alm. Brand A/S Announces Resignation of Jørn Pedersen as Member of the Board of Directors, Effective February 1, 2024Jørn Pedersen has announced his decision to resign as a member of the Board of Directors of Alm. Brand A/S effective from 1 February 2024. He will concurrently resign from all his other directorships in Alm. Brand Group and as a member of the Board of Representatives and board member of Alm. Brand af 1792 fmba. Jørn Pedersen’s resignation is based on his desire to devote his time to other tasks, making it difficult to find the time to discharge the directorships held with the group companies and the Board of Representatives. Jørn Pedersen’s seat on the Boards of Directors and the Board of Representatives will not be filled ahead of the respective annual general meetings to be held in the spring of 2024.お知らせ • Jan 23Alm. Brand A/S Provides Earnings Guidance for the Year 2024Alm. Brand A/S provided earnings guidance for the year 2024. For the year, company expects to continue the positive performance in 2024 and is expected to realize an insurance service result of DKK 1.40 billion- DKK 1.60 billion excluding run-off gains and losses. The profit guidance includes total synergies of DKK 450 million.New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.お知らせ • Nov 10Alm. Brand Provides Consolidated Earnings Guidance for the Full Year 2023Alm. Brand provides consolidated earnings guidance for the full year 2023. The company expects to report a consolidated pre-tax profit of DKK 1,525-1,625 million excluding special costs.Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: kr.0.10 (vs kr.0.076 in 3Q 2022)Third quarter 2023 results: EPS: kr.0.10 (up from kr.0.076 in 3Q 2022). Revenue: kr.3.82b (up 18% from 3Q 2022). Net income: kr.148.0m (up 27% from 3Q 2022). Profit margin: 3.9% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.お知らせ • Aug 29+ 4 more updatesAlm. Brand A/S, Annual General Meeting, Apr 18, 2024Alm. Brand A/S, Annual General Meeting, Apr 18, 2024.Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: kr.0.20 (vs kr.0.097 loss in 2Q 2022)Second quarter 2023 results: EPS: kr.0.20 (up from kr.0.097 loss in 2Q 2022). Revenue: kr.3.65b (up 41% from 2Q 2022). Net income: kr.250.0m (up kr.400.0m from 2Q 2022). Profit margin: 6.8% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.New Risk • Aug 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (190% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin).Buying Opportunity • Jul 26Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €1.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 65%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 367% in the next 2 years.お知らせ • Jul 06Alm. Brand Group Upgrades Guidance for the Full-Year 2023Alm. Brand Group upgrades its guidance for the full-year profit and narrows the guidance range to an insurance service result of DKK 1.35-1.45 billion excluding run-off gains and losses for H2 2023, against the previous guidance range of DKK 1.2-1.4 billion. The guidance for the full-year profit excluding special costs to DKK 1,525-1,625 million before tax from the previous guidance range of DKK 1,375-1,575 before tax.Buying Opportunity • Jul 01Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be €1.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 65%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 372% in the next 2 years.Buying Opportunity • Jun 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €1.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 65%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 372% in the next 2 years.Buying Opportunity • May 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €1.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 65%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 372% in the next 2 years.Upcoming Dividend • Apr 20Upcoming dividend of kr.0.30 per share at 2.3% yieldEligible shareholders must have bought the stock before 27 April 2023. Payment date: 01 May 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%).お知らせ • Feb 09+ 1 more updateAlm. Brand A/S Recommends Dividend for the Year 2022The Board of Directors of Alm. Brand A/S recommends that a dividend of DKK 0.30 per share be paid in respect of 2022 in continuation of the general meeting scheduled to be held in April 2023.お知らせ • Jan 03+ 2 more updatesAlm. Brand A/S to Report Q1, 2023 Results on May 11, 2023Alm. Brand A/S announced that they will report Q1, 2023 results on May 11, 2023Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: kr.0.076 (vs kr.0.66 in 3Q 2021)Third quarter 2022 results: EPS: kr.0.076. Revenue: kr.2.79b (up 106% from 3Q 2021). Net income: kr.117.0m (up 16% from 3Q 2021). Profit margin: 4.2% (down from 7.4% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Insurance industry in Germany.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 12 non-independent directors. Employee Representative Director Henriette Pedersen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr.3.24b (up 131% from 3Q 2021). Net income: kr.119.0m (up 18% from 3Q 2021). Profit margin: 3.7% (down from 7.2% in 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Insurance industry in Germany.お知らせ • Nov 11Alm. Brand A/S Provides Earnings Guidance for 2022Alm. Brand Group’s profit for 2022 will be the sum of the profit generated by Alm. Brand Forsikring and other activities for the full financial year and the profit generated by Codan for the period from 1 May 2022 to 31 December 2022, including realised synergies. Alm. Brand Group’s profit guidance was most recently updated in connection with the release of company announcement no. 19/2022 of 13 October 2022. Alm. Brand Group thus expects to report a consolidated profit on continuing activities of DKK 600 million - DKK 650 million before special costs. In mid-October, Alm. Brand Group lifted its profit guidance, thus maintaining the guidance for the technical result at DKK 1,050-1,100 million excluding run-off gains and losses in the final quarter of the year.Reported Earnings • Aug 20Second quarter 2022 earnings released: kr.0.097 loss per share (vs kr.1.08 profit in 2Q 2021)Second quarter 2022 results: kr.0.097 loss per share (down from kr.1.08 profit in 2Q 2021). Revenue: kr.2.31b (up 70% from 2Q 2021). Net loss: kr.150.0m (down 190% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 61%, compared to a 27% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings.お知らせ • Aug 19+ 2 more updatesAlm. Brand A/S to Report Fiscal Year 2022 Final Results on Mar 02, 2023Alm. Brand A/S announced that they will report fiscal year 2022 final results on Mar 02, 2023Reported Earnings • May 13First quarter 2022 earnings released: kr.0.086 loss per share (vs kr.0.68 profit in 1Q 2021)First quarter 2022 results: kr.0.086 loss per share (down from kr.0.68 profit in 1Q 2021). Revenue: kr.1.26b (down 34% from 1Q 2021). Net loss: kr.164.0m (down 258% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 78%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.お知らせ • May 03+ 1 more updateAlm. Brand A/S Announces Executive ChangesAlm. Brand has completed the acquisition of Codan Forsikring’s Danish business (“Codan”), thereby creating the second-largest non-life insurance company in Denmark with a more diversified customer portfolio, estimated at about 700,000 households and corporate customers. The new Alm. Brand Group will consist of eight business areas, each headed by an Executive Vice President who will be in charge of managing and developing the business area across the group’s brands. Five business areas are directly related to insurance operations and customer service (Industry, Commercial, Private, Bancassurance and Claims Services), while three business areas (Business Development & Technology, Finance and Staff Functions) are key to supporting the group’s operations and development. Rasmus Werner Nielsen will be Group CEO and Executive Vice President of Staff Functions, and Anne Mette Toftegaard will be Deputy CEO and Executive Vice President of Private. Mikael Hvolgaard will be Executive Vice President of Industry and will also be in charge of Private until Anne Mette Toftegaard takes up her position on 1 October 2022. Camilla Amstrup will be Executive Vice President of Commercial, Kim Bai Wadstrøm will be Executive Vice President of Bancassurance, and Henrik Bundgaard will be Executive Vice President of Claims Services. The new group management also comprises Andreas Ruben Madsen as CFO and Executive Vice President of Finance. Kristian Hjort-Madsen is Executive Vice President of Business Development & Technology.お知らせ • Apr 28+ 1 more updateAlm. Brand A/S Adopts the Resolution to Pay DividendAlm. Brand A/S adopted the resolution proposed by the Board of Directors that the profit for the year of DKK 598 million be appropriated to the effect that a dividend of DKK 0.30 per share be paid, equivalent to a total amount of DKK 462 million and a payout ratio of 77%. The remaining profit will be transferred to the company's reserves.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Director Tina Madsen was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 21Upcoming dividend of kr.0.30 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 02 May 2022. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 18%. Within top quartile of German dividend payers (3.9%). Higher than average of industry peers (4.5%).お知らせ • Mar 28Alm. Brand A/S Appoints Anne Mette Toftegaard as Deputy CEO and on the Management BoardAnne Mette Toftegaard has been appointed new Deputy CEO of Alm. Brand, also joining CEO Rasmus Werner Nielsen on the Management Board. Anne Mette Toftegaard joins Alm. Brand after for the past eight years having held the position of CEO of LB Forsikring, where she has been employed since 2000. In addition to this position, Anne Mette Toftegaard has been a member of the Board of Directors of the Danish Insurance Association (Forsikring & Pension) since 2013, holding the office of deputy chair since 2019. Anne Mette is a law graduate and an attorney-at-law. The new Deputy CEO is looking forward to helping shape the future Alm. Brand Group. Anne Mette Toftegaard will take up the position with Alm. Brand on 1 October 2022.Reported Earnings • Feb 12Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr.2.00 (down from kr.4.33 in FY 2020). Revenue: kr.5.23b (down 34% from FY 2020). Net income: kr.506.0m (down 24% from FY 2020). Profit margin: 9.7% (up from 8.5% in FY 2020). The increase in margin was driven by lower expenses. Combined ratio: 85.1% (no change from 85.1% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 78%, compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.お知らせ • Feb 10Alm. Brand A/S Recommends Ordinary DividendThe Board of Directors of Alm. Brand A/S recommends that an ordinary dividend of DKK 0.30 per share be paid in respect of the 2021 financial year, corresponding to a payout ratio of 77% of the ordinary profit on continuing activities after tax.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment deteriorated over the past weekAfter last week's 75% share price decline to €1.65, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 20% over the past three years.Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS kr.0.53 (vs kr.1.53 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.1.40b (down 29% from 3Q 2020). Net income: kr.101.0m (down 57% from 3Q 2020). Profit margin: 7.2% (down from 12% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS kr.1.20 (vs kr.1.64 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.1.70b (down 4.6% from 2Q 2020). Net income: kr.185.0m (down 27% from 2Q 2020). Profit margin: 11% (down from 14% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Executive Departure • Jul 15Director Flemming Jørgensen has left the companyOn the 12th of July, Flemming Jørgensen's tenure as Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Flemming's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.08 years.Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to kr.6.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 7.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €9.61 per share.お知らせ • Jun 12Alm. Brand A/S Raises Earnings Guidance for the Full Year 2021Alm. Brand A/S raised earnings guidance for the full year 2021. As a result of a highly satisfactory and better-than-expected performance in the past few months, Alm. Brand upgrades its profit guidance for 2021 to DKK 700 million to DKK 750 million from the previous guidance of a profit of DKK 650 million to DKK 700 million.Reported Earnings • May 07First quarter 2021 earnings released: EPS kr.0.70 (vs kr.0.16 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr.1.92b (down 7.9% from 1Q 2020). Net income: kr.104.0m (up 316% from 1Q 2020). Profit margin: 5.4% (up from 1.2% in 1Q 2020). The increase in margin was driven by lower expenses.お知らせ • May 06Alm. Brand A/S Provides Earnings Guidance for the Full Year 2021Alm. Brand A/S provided earnings guidance for the full year 2021. Alm. Brand A/S full-year profit guidance is upgraded by DKK 50 million to DKK 650-700 million before tax and excluding run-off gains and losses for the next nine months, against the previously guided range of DKK 600-650 million. Non-life Insurance is now expected to post a pre-tax profit of DKK 625 million, against the previous guidance of a pre-tax profit of DKK 575 million. The upgrade is the result of a positive trend in the underlying insurance business in First Quarter 2021, including fewer weather-related claims than expected and a positive investment result for the quarter. The guidance for premium growth is maintained at more than 3% for 2021, and the expense ratio for the full year is also expected to be in line with the previously guided range of 17-17.5.お知らせ • Apr 27Alm. Brand A/S Approves Dividend for 2020Alm. Brand A/S at the annual general meeting held on April 26, 2021 approved the Board of Directors that the profit for the year of DKK 616 million be appropriated to the effect that dividends of DKK 4.00 per share be paid. The shareholders also adopted the resolution proposed by the Board of Directors that a dividend of DKK 3.00 per share for the 2019 financial year be paid, resulting in a total dividend payout of DKK 7.00 per share.Upcoming Dividend • Apr 20Upcoming dividend of kr.7.00 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 29 April 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (4.0%).Reported Earnings • Feb 12Full year 2020 earnings released: EPS kr.4.33 (vs kr.2.90 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr.7.35b (down 22% from FY 2019). Net income: kr.666.0m (up 47% from FY 2019). Profit margin: 9.1% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses.Is New 90 Day High Low • Jan 29New 90-day low: €8.89The company is down 9.0% from its price of €9.76 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.74 per share.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS kr.1.50The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: kr.2.00b (down 3.1% from 3Q 2019). Net income: kr.235.0m (up 88% from 3Q 2019). Profit margin: 12% (up from 6.1% in 3Q 2019). The increase in margin was driven by lower expenses.お知らせ • Nov 07Alm. Brand A/S Announces Board ChangesAs a consequence of the sale of Alm. Brand Bank A/S to Sydbank A/S as announced in company announcement no. 40/2020, employee-elected board member Susanne Larsen resigned from the Board of Directors of Alm. Brand A/S effective from 3 November 2020. Susanne Larsen was elected to the board as an employee representative of the group's bank employees. Employee representative Helle Låsby Frederiksen has also resigned from the company's Board of Directors and was replaced by personal alternate Lotte Kathrine Sørensen effective from 9 October 2020.お知らせ • Oct 03+ 1 more updateAlm. Brand A/S Upgrades Earnings Guidance for the Third Quarter of 2020Alm. Brand A/S upgraded earnings guidance for the third quarter of 2020. For the quarter, the company expects profit generated by Non-life Insurance for Third Quarter 2020 will exceed the previously guided profit range of DKK 750 million to 850 million, Alm. Brand upgrades the guidance by DKK 100 million to a pre-tax profit of DKK 850million to 950 million. The upgrade is driven by a combination of improved underlying operations, favourable weather conditions and positive run-offs as well as by a positive investment result, while expenses for major claims have been slightly higher than anticipated.お知らせ • Oct 02Sydbank A/S (CPSE:SYDB) agreed to acquire Alm. Brand A/S (CPSE:ALMB) for DKK 1.8 billion.Sydbank A/S (CPSE:SYDB) agreed to acquire Alm. Brand A/S (CPSE:ALMB) for DKK1.8 billion on October 1, 2020. Under the terms of the transaction, consideration is involving the payment of the value of the equity at the date of acquisition deducting intellectual property rights and adding DKK 25 million. The cash purchase price cannot be finally calculated until the date of acquisition. The provisionally calculated purchase price totals DKK 1.833 billion, equal to 95% of book equity. The acquisition includes approx 55,000 NemKonto (Easy Account) customers, bank loans and advances totaling DKK 4.8 billion and arranged Totalkredit mortgage loans representing DKK 16.9 billion and it will make Sydbank the largest distributor of Totalkredit mortgage loans. Brand Bank and consequently take over all the bank’s employees and the bank’s customers. Transaction is subject to approval of Danish Financial Supervisory Authority and Danish Competition and Consumer Authority. Transaction is expected to close on November 30, 2020.Is New 90 Day High Low • Sep 29New 90-day high: €9.40The company is up 14% from its price of €8.21 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.82 per share.お知らせ • Sep 26Alm. Brand Appoints Mikael Hvolgaard as Permanent Executive Vice President, PrivateAlm. Brand announced that Mikael Toke Hvolgaard has been appointed permanent Executive Vice President, Private of the company. In this position, he will come to play an important role in developing top-of-the-line solutions for the company’s customers and achieving the company’s ambitious growth targets. Mikael Hvolgaard has held the office of interim Executive Vice President of Private lines for the past few months and has many years’ experience in portfolio management and pricing in the financial sector. In the new position, he will play a key role in developing new offers for the customers and catering to the constantly evolving demands for interaction with Alm. Brand as their bank, insurance or pension provider. Prior to being appointed interim Executive Vice President, Private, Mikael Hvolgaard was Head of Products, Pricing and Portfolio reporting to the former Executive Vice President of Private lines. He joined Alm. Brand from Codan, where he had worked three years as head of underwriting, and before that he was head of portfolio management of Tryg’s Danish private line business.お知らせ • Sep 18+ 3 more updatesAlm. Brand A/S to Report First Half, 2021 Results on Aug 19, 2021Alm. Brand A/S announced that they will report first half, 2021 results on Aug 19, 2021株主還元1AMDE InsuranceDE 市場7D4.3%2.5%-0.2%1Y-5.5%6.9%1.3%株主還元を見る業界別リターン: 1AM過去 1 年間で6.9 % の収益を上げたGerman Insurance業界を下回りました。リターン対市場: 1AMは、過去 1 年間で1.3 % のリターンを上げたGerman市場を下回りました。価格変動Is 1AM's price volatile compared to industry and market?1AM volatility1AM Average Weekly Movement5.3%Insurance Industry Average Movement3.2%Market Average Movement5.6%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.8%安定した株価: 1AM 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 1AMの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト17922,082Andreas Madsenwww.almbrand.dkアルムBrand A/Sは子会社とともにデンマークで損害保険商品とサービスを提供している。販売チャネルや提携を通じて、健康・傷害保険、労災保険、車両保険、火災保険、財物保険、賠償責任保険、航空・運輸保険、その他ダイレクト保険商品を一般家庭、農業、中小企業、法人に提供している。同社は1792 年に設立され、本社はデンマークのコペンハーゲンにある。もっと見るAlm. Brand A/S 基礎のまとめAlm. Brand の収益と売上を時価総額と比較するとどうか。1AM 基礎統計学時価総額€2.96b収益（TTM）€161.63m売上高(TTM)€1.84b18.3xPER（株価収益率1.6xP/Sレシオ1AM は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1AM 損益計算書（TTM）収益DKK 13.77b売上原価DKK 9.13b売上総利益DKK 4.65bその他の費用DKK 3.44b収益DKK 1.21b直近の収益報告Mar 31, 2026次回決算日Jul 16, 2026一株当たり利益（EPS）0.88グロス・マージン33.73%純利益率8.77%有利子負債／自己資本比率8.3%1AM の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.1%現在の配当利回り78%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/01 00:38終値2026/07/01 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Alm. Brand A/S 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関null nullABG Sundal CollierAlessia MagniBarclaysJohan StrömCarnegie Investment Bank AB6 その他のアナリストを表示
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman Jais Stampe Valeur was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 09Alm. Brand A/S Approves Dividend for the Year 2025The Board of Directors of Alm. Brand A/S at its annual general meeting held on April 9, 2026, approved dividend of DKK 0.66 per share be paid in respect of 2025 for a total dividend payout of DKK 933 million. The remaining profit will be transferred to the company’s distributable reserves.
お知らせ • Mar 19Alm. Brand A/S, Annual General Meeting, Apr 09, 2026Alm. Brand A/S, Annual General Meeting, Apr 09, 2026, at 15:00 Romance Standard Time. Location: alm. brand, midtermolen 7, 2100 copenhagen o, Denmark
お知らせ • Feb 24Alm. Brand A/S Announces CEO ChangesFollowing the successful completion of the merger of Alm. Brand and Codan, Rasmus Werner Nielsen has chosen to step down as CEO of Alm. Brand A/S. Deputy CEO and CFO Andreas Ruben Madsen is appointed as the new CEO of Alm. Brand Group effective from 1 March. Andreas Ruben Madsen has been employed with the group for ten years, the last six years as CFO and member of the Group Executive Management and, since March 2025, as Deputy CEO. From 1 March 2026, the Group Executive Management will consist of Andreas Ruben Madsen (CEO), Camilla Amstrup (CCO) and Bo Krag Esbensen (COO).
お知らせ • Jan 21Alm. Brand A/S Recommends Ordinary Dividend for the Financial Year 2025The Board of Directors of Alm. Brand A/S recommended that an ordinary dividend of DKK 0.66 per share be paid in respect of the 2025 financial year, equivalent to DKK 0.9 billion.
お知らせ • Aug 26+ 4 more updatesAlm. Brand A/S to Report Q3, 2026 Results on Oct 28, 2026Alm. Brand A/S announced that they will report Q3, 2026 results on Oct 28, 2026
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Chairman Jais Stampe Valeur was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 09Alm. Brand A/S Approves Dividend for the Year 2025The Board of Directors of Alm. Brand A/S at its annual general meeting held on April 9, 2026, approved dividend of DKK 0.66 per share be paid in respect of 2025 for a total dividend payout of DKK 933 million. The remaining profit will be transferred to the company’s distributable reserves.
お知らせ • Mar 19Alm. Brand A/S, Annual General Meeting, Apr 09, 2026Alm. Brand A/S, Annual General Meeting, Apr 09, 2026, at 15:00 Romance Standard Time. Location: alm. brand, midtermolen 7, 2100 copenhagen o, Denmark
お知らせ • Feb 24Alm. Brand A/S Announces CEO ChangesFollowing the successful completion of the merger of Alm. Brand and Codan, Rasmus Werner Nielsen has chosen to step down as CEO of Alm. Brand A/S. Deputy CEO and CFO Andreas Ruben Madsen is appointed as the new CEO of Alm. Brand Group effective from 1 March. Andreas Ruben Madsen has been employed with the group for ten years, the last six years as CFO and member of the Group Executive Management and, since March 2025, as Deputy CEO. From 1 March 2026, the Group Executive Management will consist of Andreas Ruben Madsen (CEO), Camilla Amstrup (CCO) and Bo Krag Esbensen (COO).
お知らせ • Jan 21Alm. Brand A/S Recommends Ordinary Dividend for the Financial Year 2025The Board of Directors of Alm. Brand A/S recommended that an ordinary dividend of DKK 0.66 per share be paid in respect of the 2025 financial year, equivalent to DKK 0.9 billion.
お知らせ • Aug 26+ 4 more updatesAlm. Brand A/S to Report Q3, 2026 Results on Oct 28, 2026Alm. Brand A/S announced that they will report Q3, 2026 results on Oct 28, 2026
お知らせ • Apr 11+ 1 more updateAlm. Brand A/S Approves Board ChangesAlm. Brand A/S at its AGM held on April 10, 2025, elected Christian Høegh-Andersen to the Board of Directors. At a board meeting held after the general meeting, the Board of Directors elected Jais Valeur as its Chairman and Jan Skytte Pedersen as its Deputy Chairman.
お知らせ • Mar 20Jørgen Hesselbjerg Mikkelsen, Chairman of the Board of Directors of Alm. Brand A/S Do Not Stand for Re-ElectionJørgen Hesselbjerg Mikkelsen, Chairman of the Board of Directors of Alm. Brand A/S will not be standing for re-election at the upcoming general meeting.
お知らせ • Mar 06Alm. Brand A/S (CPSE:ALMB) announces an Equity Buyback for 110,000,000 shares, representing 7.1% for DKK 835.2 million.Alm. Brand A/S (CPSE:ALMB) announces a share repurchase program. Under the program, the company will repurchase up to 110,000,000 shares, representing 7.1% of its issued share capital, for DKK 835.2 million. The shares may in no event be bought at a price deviating by more than 10% from the most recently quoted market price of the shares at the time of purchase and not at a price higher than the price of the last independent trade or higher than the current highest independent bid on the trading venue on which the purchase is carried out. The purpose of the share buyback is to distribute earnings to shareholders and meet obligations relating to the Group’s employee share programs. At a General Meeting of Alm. Brand A/S, a resolution will be proposed that any shares not used for the employee programs will be cancelled. The program will be completed by March 30, 2026.
お知らせ • Jan 22+ 2 more updatesAlm. Brand Group Provides Dividend Guidance for 2025Alm. Brand Group provided dividend guidance for 2025. For the period, the group expects to distribute DKK 1.6 billion related to the divestment of the Energy & Marine business. This distribution is expected to take place in the form of a share buyback programme to be initiated immediately after closing of the transaction. The share buyback programme is expected to run for 12 months. The company thus expects to effect a total distribution of DKK 2.6 billion in 2025.
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: kr.0.20 (vs kr.0.091 in 3Q 2023)Third quarter 2024 results: EPS: kr.0.20 (up from kr.0.091 in 3Q 2023). Revenue: kr.3.42b (down 10% from 3Q 2023). Net income: kr.270.0m (up 92% from 3Q 2023). Profit margin: 7.9% (up from 3.7% in 3Q 2023). Revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 13Alm. Brand A/S, Annual General Meeting, Apr 10, 2025Alm. Brand A/S, Annual General Meeting, Apr 10, 2025.
お知らせ • Sep 12+ 4 more updatesAlm. Brand A/S to Report Q1, 2025 Results on May 01, 2025Alm. Brand A/S announced that they will report Q1, 2025 results on May 01, 2025
Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: kr.0.077 (vs kr.0.12 in 2Q 2023)Second quarter 2024 results: EPS: kr.0.077 (down from kr.0.12 in 2Q 2023). Revenue: kr.3.30b (down 1.0% from 2Q 2023). Net income: kr.117.0m (down 37% from 2Q 2023). Profit margin: 3.6% (down from 5.6% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 15Alm. Brand A/S (CPSE:ALMB) announces an Equity Buyback for 151,000,000 shares, representing 9.99% for DKK 150 million.Alm. Brand A/S (CPSE:ALMB) announces a share repurchase program. Under the program, the company will repurchase up to 151,000,000 shares, representing 9.9% of its issued share capital, for DKK 150 million. The shares may in no event be bought at a price deviating by more than 10% from the most recently quoted market price of the shares at the time of purchase and not at a price higher than the price of the last independent trade or higher than the current highest independent bid on the trading venue on which the purchase is carried out. The purpose of the share buyback is to distribute earnings to shareholders and meet obligations relating to the Group’s employee share programs. At a General Meeting of Alm. Brand A/S, a resolution will be proposed that any shares not used for the employee programs will be cancelled. The program will be completed by December 31, 2024.
お知らせ • Jul 01Alm. Brand A/S Provides Earnings Guidance for the Year 2024Alm. Brand A/S provided earnings guidance for the year 2024. For the year, company expects to continuing operations before special items for 2024 is unchanged at DKK 1.43 billion - 1.63 billion when adjusting for the Energy & Marine business, which previously accounted for DKK 200 million of continuing operations.
Reported Earnings • May 02First quarter 2024 earnings released: EPS: kr.0.10 (vs kr.0.058 in 1Q 2023)First quarter 2024 results: EPS: kr.0.10 (up from kr.0.058 in 1Q 2023). Revenue: kr.4.00b (up 4.7% from 1Q 2023). Net income: kr.202.0m (up 127% from 1Q 2023). Profit margin: 5.0% (up from 2.3% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 19Alm. Brand A/S Approves Dividend for the Year 2023Alm. Brand A/S announced that at its AGM held on April 18, 202 dividend of DKK 0.55 per share be paid in respect of 2023 for a total dividend payout of DKK 848 million.
Upcoming Dividend • Apr 12Upcoming dividend of kr.0.55 per shareEligible shareholders must have bought the stock before 19 April 2024. Payment date: 23 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.4%).
New Risk • Mar 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results.
Declared Dividend • Mar 07Dividend of kr.0.55 announcedShareholders will receive a dividend of kr.0.55. Ex-date: 19th April 2024 Payment date: 23rd April 2024 Dividend yield will be 33%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (144% earnings payout ratio) nor is it covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 1.1% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 60% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
New Risk • Feb 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr.0.40 (vs kr.0.025 loss in FY 2022)Full year 2023 results: EPS: kr.0.40 (up from kr.0.025 loss in FY 2022). Revenue: kr.15.2b (up 73% from FY 2022). Net income: kr.612.0m (up kr.650.0m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 08Alm. Brand A/S Recommends Dividend for the Year 2023The Board of Directors of Alm. Brand A/S recommended that a dividend of DKK 0.55 per share be paid in respect of 2023 in continuation of the general meeting scheduled to be held in April 2024 and that the current share buyback programme be increased by DKK 100 million to DKK 300 million.
お知らせ • Jan 31Alm. Brand A/S Announces Resignation of Jørn Pedersen as Member of the Board of Directors, Effective February 1, 2024Jørn Pedersen has announced his decision to resign as a member of the Board of Directors of Alm. Brand A/S effective from 1 February 2024. He will concurrently resign from all his other directorships in Alm. Brand Group and as a member of the Board of Representatives and board member of Alm. Brand af 1792 fmba. Jørn Pedersen’s resignation is based on his desire to devote his time to other tasks, making it difficult to find the time to discharge the directorships held with the group companies and the Board of Representatives. Jørn Pedersen’s seat on the Boards of Directors and the Board of Representatives will not be filled ahead of the respective annual general meetings to be held in the spring of 2024.
お知らせ • Jan 23Alm. Brand A/S Provides Earnings Guidance for the Year 2024Alm. Brand A/S provided earnings guidance for the year 2024. For the year, company expects to continue the positive performance in 2024 and is expected to realize an insurance service result of DKK 1.40 billion- DKK 1.60 billion excluding run-off gains and losses. The profit guidance includes total synergies of DKK 450 million.
New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
お知らせ • Nov 10Alm. Brand Provides Consolidated Earnings Guidance for the Full Year 2023Alm. Brand provides consolidated earnings guidance for the full year 2023. The company expects to report a consolidated pre-tax profit of DKK 1,525-1,625 million excluding special costs.
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: kr.0.10 (vs kr.0.076 in 3Q 2022)Third quarter 2023 results: EPS: kr.0.10 (up from kr.0.076 in 3Q 2022). Revenue: kr.3.82b (up 18% from 3Q 2022). Net income: kr.148.0m (up 27% from 3Q 2022). Profit margin: 3.9% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 29+ 4 more updatesAlm. Brand A/S, Annual General Meeting, Apr 18, 2024Alm. Brand A/S, Annual General Meeting, Apr 18, 2024.
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: kr.0.20 (vs kr.0.097 loss in 2Q 2022)Second quarter 2023 results: EPS: kr.0.20 (up from kr.0.097 loss in 2Q 2022). Revenue: kr.3.65b (up 41% from 2Q 2022). Net income: kr.250.0m (up kr.400.0m from 2Q 2022). Profit margin: 6.8% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.
New Risk • Aug 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (190% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin).
Buying Opportunity • Jul 26Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €1.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 65%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 367% in the next 2 years.
お知らせ • Jul 06Alm. Brand Group Upgrades Guidance for the Full-Year 2023Alm. Brand Group upgrades its guidance for the full-year profit and narrows the guidance range to an insurance service result of DKK 1.35-1.45 billion excluding run-off gains and losses for H2 2023, against the previous guidance range of DKK 1.2-1.4 billion. The guidance for the full-year profit excluding special costs to DKK 1,525-1,625 million before tax from the previous guidance range of DKK 1,375-1,575 before tax.
Buying Opportunity • Jul 01Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be €1.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 65%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 372% in the next 2 years.
Buying Opportunity • Jun 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €1.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 65%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 372% in the next 2 years.
Buying Opportunity • May 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €1.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 65%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 372% in the next 2 years.
Upcoming Dividend • Apr 20Upcoming dividend of kr.0.30 per share at 2.3% yieldEligible shareholders must have bought the stock before 27 April 2023. Payment date: 01 May 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%).
お知らせ • Feb 09+ 1 more updateAlm. Brand A/S Recommends Dividend for the Year 2022The Board of Directors of Alm. Brand A/S recommends that a dividend of DKK 0.30 per share be paid in respect of 2022 in continuation of the general meeting scheduled to be held in April 2023.
お知らせ • Jan 03+ 2 more updatesAlm. Brand A/S to Report Q1, 2023 Results on May 11, 2023Alm. Brand A/S announced that they will report Q1, 2023 results on May 11, 2023
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: kr.0.076 (vs kr.0.66 in 3Q 2021)Third quarter 2022 results: EPS: kr.0.076. Revenue: kr.2.79b (up 106% from 3Q 2021). Net income: kr.117.0m (up 16% from 3Q 2021). Profit margin: 4.2% (down from 7.4% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Insurance industry in Germany.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 12 non-independent directors. Employee Representative Director Henriette Pedersen was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr.3.24b (up 131% from 3Q 2021). Net income: kr.119.0m (up 18% from 3Q 2021). Profit margin: 3.7% (down from 7.2% in 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Insurance industry in Germany.
お知らせ • Nov 11Alm. Brand A/S Provides Earnings Guidance for 2022Alm. Brand Group’s profit for 2022 will be the sum of the profit generated by Alm. Brand Forsikring and other activities for the full financial year and the profit generated by Codan for the period from 1 May 2022 to 31 December 2022, including realised synergies. Alm. Brand Group’s profit guidance was most recently updated in connection with the release of company announcement no. 19/2022 of 13 October 2022. Alm. Brand Group thus expects to report a consolidated profit on continuing activities of DKK 600 million - DKK 650 million before special costs. In mid-October, Alm. Brand Group lifted its profit guidance, thus maintaining the guidance for the technical result at DKK 1,050-1,100 million excluding run-off gains and losses in the final quarter of the year.
Reported Earnings • Aug 20Second quarter 2022 earnings released: kr.0.097 loss per share (vs kr.1.08 profit in 2Q 2021)Second quarter 2022 results: kr.0.097 loss per share (down from kr.1.08 profit in 2Q 2021). Revenue: kr.2.31b (up 70% from 2Q 2021). Net loss: kr.150.0m (down 190% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 61%, compared to a 27% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings.
お知らせ • Aug 19+ 2 more updatesAlm. Brand A/S to Report Fiscal Year 2022 Final Results on Mar 02, 2023Alm. Brand A/S announced that they will report fiscal year 2022 final results on Mar 02, 2023
Reported Earnings • May 13First quarter 2022 earnings released: kr.0.086 loss per share (vs kr.0.68 profit in 1Q 2021)First quarter 2022 results: kr.0.086 loss per share (down from kr.0.68 profit in 1Q 2021). Revenue: kr.1.26b (down 34% from 1Q 2021). Net loss: kr.164.0m (down 258% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 78%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.
お知らせ • May 03+ 1 more updateAlm. Brand A/S Announces Executive ChangesAlm. Brand has completed the acquisition of Codan Forsikring’s Danish business (“Codan”), thereby creating the second-largest non-life insurance company in Denmark with a more diversified customer portfolio, estimated at about 700,000 households and corporate customers. The new Alm. Brand Group will consist of eight business areas, each headed by an Executive Vice President who will be in charge of managing and developing the business area across the group’s brands. Five business areas are directly related to insurance operations and customer service (Industry, Commercial, Private, Bancassurance and Claims Services), while three business areas (Business Development & Technology, Finance and Staff Functions) are key to supporting the group’s operations and development. Rasmus Werner Nielsen will be Group CEO and Executive Vice President of Staff Functions, and Anne Mette Toftegaard will be Deputy CEO and Executive Vice President of Private. Mikael Hvolgaard will be Executive Vice President of Industry and will also be in charge of Private until Anne Mette Toftegaard takes up her position on 1 October 2022. Camilla Amstrup will be Executive Vice President of Commercial, Kim Bai Wadstrøm will be Executive Vice President of Bancassurance, and Henrik Bundgaard will be Executive Vice President of Claims Services. The new group management also comprises Andreas Ruben Madsen as CFO and Executive Vice President of Finance. Kristian Hjort-Madsen is Executive Vice President of Business Development & Technology.
お知らせ • Apr 28+ 1 more updateAlm. Brand A/S Adopts the Resolution to Pay DividendAlm. Brand A/S adopted the resolution proposed by the Board of Directors that the profit for the year of DKK 598 million be appropriated to the effect that a dividend of DKK 0.30 per share be paid, equivalent to a total amount of DKK 462 million and a payout ratio of 77%. The remaining profit will be transferred to the company's reserves.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Director Tina Madsen was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 21Upcoming dividend of kr.0.30 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 02 May 2022. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 18%. Within top quartile of German dividend payers (3.9%). Higher than average of industry peers (4.5%).
お知らせ • Mar 28Alm. Brand A/S Appoints Anne Mette Toftegaard as Deputy CEO and on the Management BoardAnne Mette Toftegaard has been appointed new Deputy CEO of Alm. Brand, also joining CEO Rasmus Werner Nielsen on the Management Board. Anne Mette Toftegaard joins Alm. Brand after for the past eight years having held the position of CEO of LB Forsikring, where she has been employed since 2000. In addition to this position, Anne Mette Toftegaard has been a member of the Board of Directors of the Danish Insurance Association (Forsikring & Pension) since 2013, holding the office of deputy chair since 2019. Anne Mette is a law graduate and an attorney-at-law. The new Deputy CEO is looking forward to helping shape the future Alm. Brand Group. Anne Mette Toftegaard will take up the position with Alm. Brand on 1 October 2022.
Reported Earnings • Feb 12Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr.2.00 (down from kr.4.33 in FY 2020). Revenue: kr.5.23b (down 34% from FY 2020). Net income: kr.506.0m (down 24% from FY 2020). Profit margin: 9.7% (up from 8.5% in FY 2020). The increase in margin was driven by lower expenses. Combined ratio: 85.1% (no change from 85.1% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 78%, compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
お知らせ • Feb 10Alm. Brand A/S Recommends Ordinary DividendThe Board of Directors of Alm. Brand A/S recommends that an ordinary dividend of DKK 0.30 per share be paid in respect of the 2021 financial year, corresponding to a payout ratio of 77% of the ordinary profit on continuing activities after tax.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment deteriorated over the past weekAfter last week's 75% share price decline to €1.65, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 20% over the past three years.
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS kr.0.53 (vs kr.1.53 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.1.40b (down 29% from 3Q 2020). Net income: kr.101.0m (down 57% from 3Q 2020). Profit margin: 7.2% (down from 12% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS kr.1.20 (vs kr.1.64 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.1.70b (down 4.6% from 2Q 2020). Net income: kr.185.0m (down 27% from 2Q 2020). Profit margin: 11% (down from 14% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Executive Departure • Jul 15Director Flemming Jørgensen has left the companyOn the 12th of July, Flemming Jørgensen's tenure as Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Flemming's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.08 years.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to kr.6.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 7.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €9.61 per share.
お知らせ • Jun 12Alm. Brand A/S Raises Earnings Guidance for the Full Year 2021Alm. Brand A/S raised earnings guidance for the full year 2021. As a result of a highly satisfactory and better-than-expected performance in the past few months, Alm. Brand upgrades its profit guidance for 2021 to DKK 700 million to DKK 750 million from the previous guidance of a profit of DKK 650 million to DKK 700 million.
Reported Earnings • May 07First quarter 2021 earnings released: EPS kr.0.70 (vs kr.0.16 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr.1.92b (down 7.9% from 1Q 2020). Net income: kr.104.0m (up 316% from 1Q 2020). Profit margin: 5.4% (up from 1.2% in 1Q 2020). The increase in margin was driven by lower expenses.
お知らせ • May 06Alm. Brand A/S Provides Earnings Guidance for the Full Year 2021Alm. Brand A/S provided earnings guidance for the full year 2021. Alm. Brand A/S full-year profit guidance is upgraded by DKK 50 million to DKK 650-700 million before tax and excluding run-off gains and losses for the next nine months, against the previously guided range of DKK 600-650 million. Non-life Insurance is now expected to post a pre-tax profit of DKK 625 million, against the previous guidance of a pre-tax profit of DKK 575 million. The upgrade is the result of a positive trend in the underlying insurance business in First Quarter 2021, including fewer weather-related claims than expected and a positive investment result for the quarter. The guidance for premium growth is maintained at more than 3% for 2021, and the expense ratio for the full year is also expected to be in line with the previously guided range of 17-17.5.
お知らせ • Apr 27Alm. Brand A/S Approves Dividend for 2020Alm. Brand A/S at the annual general meeting held on April 26, 2021 approved the Board of Directors that the profit for the year of DKK 616 million be appropriated to the effect that dividends of DKK 4.00 per share be paid. The shareholders also adopted the resolution proposed by the Board of Directors that a dividend of DKK 3.00 per share for the 2019 financial year be paid, resulting in a total dividend payout of DKK 7.00 per share.
Upcoming Dividend • Apr 20Upcoming dividend of kr.7.00 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 29 April 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (4.0%).
Reported Earnings • Feb 12Full year 2020 earnings released: EPS kr.4.33 (vs kr.2.90 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr.7.35b (down 22% from FY 2019). Net income: kr.666.0m (up 47% from FY 2019). Profit margin: 9.1% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses.
Is New 90 Day High Low • Jan 29New 90-day low: €8.89The company is down 9.0% from its price of €9.76 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.74 per share.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS kr.1.50The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: kr.2.00b (down 3.1% from 3Q 2019). Net income: kr.235.0m (up 88% from 3Q 2019). Profit margin: 12% (up from 6.1% in 3Q 2019). The increase in margin was driven by lower expenses.
お知らせ • Nov 07Alm. Brand A/S Announces Board ChangesAs a consequence of the sale of Alm. Brand Bank A/S to Sydbank A/S as announced in company announcement no. 40/2020, employee-elected board member Susanne Larsen resigned from the Board of Directors of Alm. Brand A/S effective from 3 November 2020. Susanne Larsen was elected to the board as an employee representative of the group's bank employees. Employee representative Helle Låsby Frederiksen has also resigned from the company's Board of Directors and was replaced by personal alternate Lotte Kathrine Sørensen effective from 9 October 2020.
お知らせ • Oct 03+ 1 more updateAlm. Brand A/S Upgrades Earnings Guidance for the Third Quarter of 2020Alm. Brand A/S upgraded earnings guidance for the third quarter of 2020. For the quarter, the company expects profit generated by Non-life Insurance for Third Quarter 2020 will exceed the previously guided profit range of DKK 750 million to 850 million, Alm. Brand upgrades the guidance by DKK 100 million to a pre-tax profit of DKK 850million to 950 million. The upgrade is driven by a combination of improved underlying operations, favourable weather conditions and positive run-offs as well as by a positive investment result, while expenses for major claims have been slightly higher than anticipated.
お知らせ • Oct 02Sydbank A/S (CPSE:SYDB) agreed to acquire Alm. Brand A/S (CPSE:ALMB) for DKK 1.8 billion.Sydbank A/S (CPSE:SYDB) agreed to acquire Alm. Brand A/S (CPSE:ALMB) for DKK1.8 billion on October 1, 2020. Under the terms of the transaction, consideration is involving the payment of the value of the equity at the date of acquisition deducting intellectual property rights and adding DKK 25 million. The cash purchase price cannot be finally calculated until the date of acquisition. The provisionally calculated purchase price totals DKK 1.833 billion, equal to 95% of book equity. The acquisition includes approx 55,000 NemKonto (Easy Account) customers, bank loans and advances totaling DKK 4.8 billion and arranged Totalkredit mortgage loans representing DKK 16.9 billion and it will make Sydbank the largest distributor of Totalkredit mortgage loans. Brand Bank and consequently take over all the bank’s employees and the bank’s customers. Transaction is subject to approval of Danish Financial Supervisory Authority and Danish Competition and Consumer Authority. Transaction is expected to close on November 30, 2020.
Is New 90 Day High Low • Sep 29New 90-day high: €9.40The company is up 14% from its price of €8.21 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.82 per share.
お知らせ • Sep 26Alm. Brand Appoints Mikael Hvolgaard as Permanent Executive Vice President, PrivateAlm. Brand announced that Mikael Toke Hvolgaard has been appointed permanent Executive Vice President, Private of the company. In this position, he will come to play an important role in developing top-of-the-line solutions for the company’s customers and achieving the company’s ambitious growth targets. Mikael Hvolgaard has held the office of interim Executive Vice President of Private lines for the past few months and has many years’ experience in portfolio management and pricing in the financial sector. In the new position, he will play a key role in developing new offers for the customers and catering to the constantly evolving demands for interaction with Alm. Brand as their bank, insurance or pension provider. Prior to being appointed interim Executive Vice President, Private, Mikael Hvolgaard was Head of Products, Pricing and Portfolio reporting to the former Executive Vice President of Private lines. He joined Alm. Brand from Codan, where he had worked three years as head of underwriting, and before that he was head of portfolio management of Tryg’s Danish private line business.
お知らせ • Sep 18+ 3 more updatesAlm. Brand A/S to Report First Half, 2021 Results on Aug 19, 2021Alm. Brand A/S announced that they will report first half, 2021 results on Aug 19, 2021
