Weather events in all Scandinavian countries to hurt reported CR. Adj. EPS'23e down 11% on weather, '24e-'25e up 2-4% on FX. Reiterate BUY but revise TP to DKK 155 (159) given higher CoE.
10 Oct 2023
Attractive entry levels after poor performance
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Attractive entry levels after poor performance
Tryg (TRYG:CPH), 0 | Tryg A/S (TRYG:CSE), 0 | GJENSIDIGE FORSIKRING (GJF:STO), 0 | Gjensidige Forsikring ASA (GJF:OSL), 0
- Published:
10 Oct 2023 -
Author:
ABGSC Financials Research | Jan Erik Gjerland -
Pages:
9 -
Weather events in all Scandinavian countries to hurt reported CR. Adj. EPS'23e down 11% on weather, '24e-'25e up 2-4% on FX. Reiterate BUY but revise TP to DKK 155 (159) given higher CoE.