Storebrand ASA (OTCPK:SREDF)

$ 10.95 0 (0%) Market Cap: 4.81 Bil Enterprise Value: 8.40 Bil PE Ratio: 10.65 PB Ratio: 1.74 GF Score: 35/100

Q3 2020 Storebrand ASA Earnings Call Transcript

Oct 21, 2020 / 08:00AM GMT

Release Date Price: $5.77

Transcript

Daniel Sundahl

Storebrand ASA - IR Officer

Good morning, ladies and gentlemen. Welcome to Storebrand's Third quarter Results Presentation. My name is Daniel Sundahl, I'm Head of Investor Relations at Storebrand. Today, CEO, Odd Arild Grefstad, will start by taking you through the highlights of the quarter, and afterwards, CFO, Lars LÃ¸ddesÃ¸l, will take you deeper into the numbers.

At the end of the presentation, we will open up for Q&A. And let me remind you to ask questions, you need to be dialed in to the conference call.

But without further ado, I give the word to CEO, Odd Arild Grefstad.

Odd Arild Grefstad

Storebrand ASA - Group CEO

Thank you, Daniel. First, a quick update on COVID-19. In the third quarter, the situation in the Norwegian and Swedish society following the COVID-19 pandemic have continued to normalize. As an impact of the pandemic, the corresponding and the corresponding economic downturn, Storebrand's results were negatively affected in the first quarter. But the financially loss -- financial losses have, to a

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