Nordea julkaisi päivitetyn Sampo-analyysinsä Q3-tuloksen jäljiltä. Suositus (OSTA) ja tavoitehinta (51,00 €) pysyvät ennallaan.
Main risks: Unexpected claims inflation could result in lower earnings than we estimate and competitive pressures could lower margins and growth for the entire industry. The risk of irrational competition is greater in the UK than in the Nordics, in our view. Sampo has a history of excellent capital allocation, in our view, but past performance is no guarantee of future performance.