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Sampo sålde NOBA-aktier för 111 MEUR

SAMPOAnalyst Comment2026-09-23 06:50
Sauli VilénAnalyst
Discuss

Summary

  • Sampo har sålt NOBA-aktier för 111 MEUR, vilket var förväntat då bolaget vill avyttra icke-strategiska investeringar.
  • Försäljningen stärker förväntningarna på ett nytt aktieåterköpsprogram som kan tillkännages i samband med Q3-rapporten eller investeraruppdateringen i november.
  • Sampo har kvar 50 miljoner aktier, motsvarande cirka 10 % ägarandel, och kan fortsätta sälja beroende på marknadssituationen.
  • Försäljningspriset överstiger det bokförda värdet från slutet av Q2, vilket ger en liten positiv avkastning i Q3:s investeringsintäkter.

Detta innehåll är skapat av AI. Du kan lämna feedback om det på Inderes forum.

Automatisk översättning: Ursprungligen publicerad på finska 2026-09-23 04:50 GMT. Ge feedback här.

Sampo meddelade på tisdagen att de har sålt NOBA-aktier för 111 MEUR. Nyheten var helt väntad, eftersom företaget redan länge har velat avyttra sina icke-strategiska kapitalinvesteringar. Försäljningen stärker ytterligare vår ståndpunkt om att Sampo kommer att tillkännage ett nytt återköpsprogram för egna aktier ännu under slutet av året. Den sannolika tidpunkten för det nya återköpsprogrammet är antingen i samband med Q3-rapporten eller i samband med investeraruppdateringen som ordnas senare i november. Nyheten leder inte till några revideringar av våra estimat.

Efter försäljningen har Sampo kvar 50 miljoner aktier, vilket motsvarar en ägarandel på ungefär 10 procent av företaget, och vi förväntar oss att Sampo fortsätter att sälja sin position om marknadssituationen tillåter det. Enligt våra beräkningar ligger försäljningspriset en aning över balanserade värdet vid utgången av Q2, vilket innebär att företaget också bokför en liten positiv avkastning på detta i investeringsintäkterna för Q3.

Sampo is the leading property and casualty insurance group in the Nordic region and a major operator in the growing digital P&C insurance market in the UK. Sampo Group has around 9 million customers, and it employs 15,000 people.  The Group’s insurance revenue totalled EUR 9.1 billion in 2025 of which the Nordic market represented 75 per cent. The Group’s operations are diversified by geography, line of business, and customer group. Sampo Group operates in Sweden, Norway, Finland, Denmark, the UK, and the Baltic countries. Its largest customer groups are private customers in the Nordics and in the UK, representing in total over 65 per cent of the Group's insurance revenue. The Group is also a leading provider of P&C insurance in Nordic commercial and industrial businesses.

Read more on company page

Key Estimate Figures12/08

202526e27e
Revenue9,078.09,730.310,421.8
growth-%8.2 %7.2 %7.1 %
EBIT (adj.)2,436.01,519.31,964.1
EBIT-% (adj.)26.8 %15.6 %18.8 %
EPS (adj.)0.740.450.61
Dividend0.360.380.40
Dividend %3.9 %4.3 %4.5 %
P/E (adj.)12.519.714.4
EV/EBITDA10.816.112.1

Forum discussions

Pyysing has been writing about Sampo this time Sampo and other insurance stock shares in the Nordic countries also took a hit late in the week...
yesterday
by Sijoittaja-alokas
32
As I have said so many times, we are here for you after all! Antti and I regularly exchange thoughts on Sampo, and we have shared very similar...
yesterday
by Sauli Vilen
47
Thanks for taking the trouble, Sauli, to comment on the matter on the forum for the second time, even on a weekend! For comparison, I will quote...
yesterday
by Ju-ha-ni
46
During my 15-year tracking history, Sampo’s share has been drastically mispriced twice. In 2011-2012 (the aftermath of the financial crisis ...
yesterday
by Sauli Vilen
131
Sampo is the kind of stock that is always worth buying on the dips. I also believe Sampo is normally ”fairly” priced, but in dips like lemonade...
9/26/2026, 2:15 PM
by Ränta på ränta
50
[quote="Hassuttelija, post:7368, topic:692"] Well, Sampo at least scooped up a hefty amount from this sale itself, and they surely know their...
9/26/2026, 12:04 PM
by kimsku
34
Why didn’t all the big funds snap this up immediately, and why hasn’t the stock price already risen instead of still being available at a discount...
9/26/2026, 10:07 AM
by Hassuttelija
44