The net result of Sampo was hit by its decision to impair the book value of the Nordea shares from €8.90/share to €7.50/share. The negative impact on the bottom line amounted to €899m and the result stood only at €112m. The profit before tax was stood at €380m, with a positive performance from If P&C (up 1.91% to €901m). The Board will propose a distribution of €1.70/share. 2021 should record a better performance with a return to historic levels of profitability.
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The net result of Sampo was hit by its decision to impair the book value of the Nordea shares from €8.90/share to €7.50/share. The negative impact on the bottom line amounted to €899m and the result stood only at €112m. The profit before tax was stood at €380m, with a positive performance from If P&C (up 1.91% to €901m). The Board will propose a distribution of €1.70/share. 2021 should record a better performance with a return to historic levels of profitability.