Storebrand’s H1 22 results were very strong and offered a glimpse of the profitability potential once the short-term negative effect of higher rates and inflation is absorbed.
While we had expected a tougher quarter on profitability, the performance delivered and metrics disclosed imply very little probability of headwinds ahead. In a tough macro-economic environment, Storebrand’s idiosyncratic risk-return profile now seems very attractive.
14 Jul 2022
Storebrand may find momentum earlier than expected
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Storebrand may find momentum earlier than expected
- Published:
14 Jul 2022 -
Author:
Grégoire Hermann -
Pages:
3
Storebrand’s H1 22 results were very strong and offered a glimpse of the profitability potential once the short-term negative effect of higher rates and inflation is absorbed.
While we had expected a tougher quarter on profitability, the performance delivered and metrics disclosed imply very little probability of headwinds ahead. In a tough macro-economic environment, Storebrand’s idiosyncratic risk-return profile now seems very attractive.