|Bid||56.70 x 0|
|Ask||56.90 x 0|
|Day's Range||56.00 - 56.90|
|52 Week Range||39.44 - 63.75|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||29.35|
|Earnings Date||May 14, 2020|
|Forward Dividend & Yield||3.00 (5.31%)|
|Ex-Dividend Date||Apr 30, 2020|
|1y Target Est||65.00|
Brand posted a pre-tax profit of DKK 33 million in Q1 2020. The consolidated profit was impacted by the special situation triggered by Covid-19, which resulted in a negative return on the group’s portfolio of investment assets of about DKK 125 million. Against this background, the Q1 performance is considered satisfactory.
Brand A/S has decided to postpone the annual general meeting convened for 29 April 2020 due to the coronavirus situation (Covid-19). A notice with a new date and time for the annual general meeting will be sent out once we have a more clear picture of when the special societal measures in response to Covid-19 will cease to apply. The Board of Directors consequently proposes that the decision about payment of dividend is postponed to the autumn of 2020 considering the substantial uncertainty surrounding the economic consequences of Covid-19.
3 April 2020 Announcement no. 22/2020 Alm. Brand A/S – Annual General Meeting 29 April 2020 With reference to the information obligations for issuers of listed securities on.
Due to an increased uncertainty about the macroeconomic outlook following the effects of Covid-19, which has negatively affected the financial markets, Alm. Brand guided for pre-tax profit of DKK 650-700 million for 2020. The underlying development in earnings as measured by the technical result in both Non-Life Insurance and Life Insurance as well as core earnings excluding results of investments and trading income in Banking is currently in total as expected.
13 March 2020 Announcement no. 20/2020 Share buyback programme completed In the period April 30, 2019 to March 12, 2020, Alm. Brand A/S has completed a share buyback programme.
13 March 2020 Announcement no. 19/2020 Alm. Brand – Weekly report on share buybacks In the period 9 March 2020 to 12 March 2020, Alm. Brand A/S bought own shares for a total.
28 February 2020 Announcement no. 16/2020 Alm. Brand – Exercise of options The release of the company’s interim report for Q4 2019 and result 2019, as announced in company.
27 February 2020 Announcement no. 15/2020 Annual Report 2019 Alm. Brand released its preliminary statement of financial results for 2019 on Thursday, 30 January 2020. Please.
Pursuant to article 19 of the EU Regulation 596/2014 and according to a power of attorney given by Claus Nexø Jensen, Alm. Brand A/S is required to file information on trading.
30 January 2020 Announcement no. 6/2020 Alm. Brand A/S – Financial calendar 2020 Hereby the financial calendar for 2020: 27 February 2020 Publication of Annual Report.
The consolidated pre-tax profit excluding extraordinary costs was DKK 684 million in 2019. Brand generated a consolidated pre-tax profit excluding extraordinary costs of DKK 684 million, as compared with a DKK 724 million profit in 2018.
Brand A/S, effective from 1 July 2016, entered into an agreement with the Management Board and other members of the group’s management team (ABKO) under which up to 10% of the fixed salary may be allotted by way of shares. Shares are awarded twice annually, on the third trading day of December and the third trading day of June.
Brand Group will be offered to participate in a share-based remuneration programme comprised by section 7P of the Danish Tax Assessment Act. The programme entails that the employees may elect to receive shares against a reduction of their gross salary.
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8 November 2019 Announcement no. 71/2019 Alm. Brand A/S – Jesper Mørch Sørensen, CEO of Alm. Brand Forsikring A/S, retires Jesper Mørch Sørensen, CEO of Alm. Brand Forsikring.
Brand generated a satisfactory pre-tax profit of DKK 532 million in 9M 2019. The consolidated profit for FY 2019 is expected to be in the DKK 625-725 million range. Brand reported yet another good financial performance in spite of the growth and bottom-line challenges posed by the combination of extremely low interest rates and fierce competition for customers across the group’s business areas,” said CEO Rasmus Werner Nielsen.
31 October 2019 Announcement no. 68/2019 Alm. Brand A/S – Changes to the Management With reference to company announcement no. 67/2019 regarding the resignation of CEO Søren.
The board of directors has decided to strengthen the strategic focus on the development of the group. It means that CEO since 2001, Søren Boe Mortensen, will now leave the company. Brand A/S wishes to renew the day-to-day senior management.
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