Mandatum: The first steps offered no dramatics
Mandatum published its first quarterly report as a separate listed company from Sampo on Wednesday. The Group’s reported result was clearly stronger than expected, but largely explained by the positive financial income recorded on the revaluation of technical provisions. In the capital-light businesses that are important for growth, performance was largely in line with expectations. Consequently, estimate changes were mainly limited to the 2023 result from investment activities.
Mandatum
Mandatum has operations within the financial sector. The company offers various financial services to both private savers and corporate customers. The range is broad and mainly includes capital and wealth management, savings and investments, compensation and rewards, pension plans and personal risk insurance. The largest operations are found in Finland.
Read more on company pageKey Estimate Figures08.11.2023
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 126,0 | 132,8 | 135,6 |
vækst-% | -58,82 % | 5,37 % | 2,11 % |
EBIT (adj.) | 75,7 | 214,7 | 203,4 |
EBIT-% (adj.) | 60,08 % | 161,71 % | 150,03 % |
EPS (adj.) | 0,15 | 0,34 | 0,32 |
Udbytte | 0,39 | 0,33 | 0,35 |
Udbytte % | 8,05 % | 8,53 % | |
P/E (adj.) | - | 11,97 | 12,65 |
EV/EBITDA | - | 9,73 | 10,14 |