Storebrand ASA (OTCPK:SREDF)

$ 10.95 0 (0%) Market Cap: 4.76 Bil Enterprise Value: 8.40 Bil PE Ratio: 10.65 PB Ratio: 1.74 GF Score: 35/100

Q1 2023 Storebrand ASA Earnings Call Transcript

May 10, 2023 / 08:00AM GMT

Release Date Price: $7.55

Transcript

Johannes Narum

Good morning ladies and gentlemen, and welcome to Storebrand's first quarter result presentation. As usual our CEO, Odd Arild Grefstad will present the key highlights of the quarter followed by CFO, Lars Aasulv Loddesol who will dive deeper into the numbers and explain reporting under IFRS 17.

At the end of the presentation, participants in the Teams' Webinar will have a chance to ask questions. The details on how to join the webinar are found on the Investor Relations website. But without further ado, I give the word to our CEO, Odd Arild Grefstad.

Odd Arild Grefstad

Storebrand ASA - Group CEO

Thank you, Johannes and good morning everyone. Storebrand continues to deliver strong growth in all business areas; Occupational Pension, Asset Management and the Norwegian Retail Market.

Let's look at the first quarter's highlights. This is the first quarter in which we officially report in accordance with IFRS 17 and IFRS 9 and our reported IFRS profit before amortization and tax was NOK 1,157 million in the quarter. Lars will revert with

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