Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Third party research

Taaleri: Solid end to a turbulent year - Nordea

Taaleri

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Taaleri delivered a solid Q4, with continued earnings growth of 6% y/y and EBIT of EUR 9.4m, further boosted by investment income. Both operational segments continued their solid performance, with the main deviations from our estimates coming from investments and carry bookings. Garantia's performance remained solid, with a 26% combined ratio and a EUR 15m dividend announced for 2024, which covers Taaleri's EUR 0.50 DPS fully, both of which were in line with our estimates. We calculate a lower SOTP-based fair value range of EUR 9.6-10.8 (9.7-11.0), based on 2026E. Marketing material commissioned by Taaleri.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.