Alm Brand AS (LTS:0DJI)
kr 13.76 0.185 (1.36%) Market Cap: 20.88 Bil Enterprise Value: 21.99 Bil PE Ratio: 27.76 PB Ratio: 1.58 GF Score: 58/100

Q2 2024 ALM. Brand A/S Earnings Call Transcript

Aug 15, 2024 / 09:00AM GMT
Release Date Price: kr12.16 (-3.68%)
Operator

Good morning or good afternoon, and welcome to the ALM Brand Q2 2024 full earnings call. My name is Adam, and I'll be your operator today. (Operator Instructions) So I now hand over to CEO, Rasmus Werner Nielsen to begin.

So Rasmus, please go ahead.

Rasmus Nielsen;S;Chief Executive Officer
ALM. Brand A

/-

Good morning and welcome to ALM Brand Group second quarter of '24 conference call. With me today, as usual, I have our CFO, Andreas Madsen, and our Head of IR, Mads Thinggaard. This morning, we published our interim report for the second quarter. I will walk you through the operating highlights as weather or divestment, our energy, and marine business after July 1. In the end, Andreas will comment on the financials.

All our view results for Q2 as acceptable, given the headwind we have on large claims and increasing motor claims in the Danish market in general. And just to be clear, the development on motor claims does call for additional profitability messages from our side. On a positive note, I'm very

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