Sampo Group’s marked to market result exceeded 3.5 billion euros
Press release - 11/04/2009 at 09:30 AMSampo Group reported a profit before taxes for January - September 2009 of EUR 625 million (664). Total comprehensive income for the period, taking changes in the market value of assets into account, rose to EUR 3,524 million (-743). Earnings per share amounted to EUR 0.88 (0.91). Earnings per share, including the change in the fair value reserve, shot up to EUR 6.05 (-1.19).
- There are three points I would like to point out: First of all, If's third quarter marked to market result was best ever. Secondly, Mandatum Life's premium income passed 500 million in the first 9 months. That's also the best ever result. And thirdly, our 3.5 billion marked to market result for the first three quarters: that was really extraordinary indeed, Kari Stadigh, Group CEO and President, says.
Sampo Group’s net asset value per share increased to EUR 13.76 (8.28). The fair value reserve on the Group level rose by more than EUR 2.9 billion from the end of 2008 and was EUR 538 million (-2,364).
On 2 November 2009 Sampo plc held 802,759,000 Nordea shares and owned 19.88 per cent of company’s total capital.
- We want to pass 20 per cent and start consolidating our new or soon-to-be affiliated company starting next year, Kari Stadigh says.
- 20 per cent is a very good shareholding for us. However, I can see us over time gradually increasing our shareholding to 22 - 23 percent, but even longer term, I would not expect us to pass 25 per cent.
Please find Sampo Group’s complete Interim Report January - September 2009, a webcast of Group CEO and President Kari Stadigh’s review of developments in the third quarter of 2009 and Supplementary Financial Information at www.sampo.com/ir.
A telephone conference in English for investors and analysts on the third quarter results will be held at 4 pm Finnish time (2 pm UK time). Please call +44 207 162 0025 (UK/European) or +1 334 323 6201 (North American). Password: SAMPO.
The telephone conference can also be followed from a direct transmission on the Internet at www.sampo.com/ir.
For more information, please contact:
Maria Silander, Press Officer, tel. +358 10 516 0031
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Financial Supervisory Authority
www.sampo.com