What Storebrand (OB:STB)'s Resolved Fund Suspension and Q3 Results Mean for Shareholders

Reviewed by Sasha Jovanovic
- In October 2025, Storebrand ASA reported third-quarter net income of NOK 1.33 billion, up from NOK 1.11 billion a year earlier, and basic earnings per share of NOK 3.09, compared to NOK 2.53 the previous year. However, net income for the first nine months was NOK 3.52 billion, down from NOK 4.18 billion a year ago, following a temporary trading suspension of several funds on Nasdaq Copenhagen due to technical NAV calculation issues, which was subsequently resolved.
- The recent technical suspension and subsequent resumption of live trading in Storebrand and SKAGEN branded funds highlight the operational complexity and importance of robust systems in large asset managers.
- With the resolution of these technical issues allowing fund trading to resume, we'll explore how this event impacts Storebrand's investment narrative and outlook going forward.
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Storebrand Investment Narrative Recap
To be a shareholder in Storebrand, you need to believe in its leadership position in sustainable asset management and pensions, as well as its ability to deliver growth through operational efficiency and Nordic market share gains. The recent technical suspension of several funds was resolved quickly and does not materially affect immediate catalysts or the largest risk, which centers on Storebrand’s ability to sustain cost control and capitalize on sector growth, despite near-term dips in aggregated net income.
Among recent announcements, Storebrand’s ongoing share buyback program stands out as most relevant, providing support to shareholder value despite short-term operational hiccups. These sizeable repurchases signal continued confidence by the company in its robust cash generation, which may help offset short-lived impacts from technical disruptions and temporary trading suspensions.
In contrast, investors should be mindful that operational complexity can introduce risks around timely, accurate fund pricing and...
Read the full narrative on Storebrand (it's free!)
Storebrand's outlook anticipates NOK11.4 billion in revenue and NOK4.9 billion in earnings by 2028. This incorporates a 48.1% annual revenue decline and a NOK0.6 billion decrease in earnings from the current NOK5.5 billion.
Uncover how Storebrand's forecasts yield a NOK147.50 fair value, a 7% downside to its current price.
Exploring Other Perspectives
Six perspectives from the Simply Wall St Community estimate fair value between NOK55.86 and NOK225.69. While opinions differ widely, the latest fund trading suspension highlights how operational risks can influence Storebrand’s financial momentum and investor confidence.
Explore 6 other fair value estimates on Storebrand - why the stock might be worth less than half the current price!
Build Your Own Storebrand Narrative
Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.
- A great starting point for your Storebrand research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.
- Our free Storebrand research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Storebrand's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About OB:STB
Storebrand
Provides insurance products and services in Norway, Sweden, the United Kingdom, Finland, Denmark, Germany, Luxemburg, and Ireland.
Good value with acceptable track record.
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