ALM Equity AB (publ) (ALM) Q3 2024 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Alm Equity Ab.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.917 Good morning, all. Good afternoon, all, and welcome to the Arm Brand Q3 2024 results 00:00:03.917 -- 00:00:07.123 call. My name is Adam, and I'll be your operator today. 00:00:07.123 -- 00:00:10.308 If you'd like to ask a question during the Q&A portion of today's call, you may do so 00:00:10.308 -- 00:00:13.473 by pressing star followed by one on your telephone keypad. 00:00:13.473 -- 00:00:16.237 I will now hand the floor to CEO Rasmus Werner-Nielsen to begin. 00:00:16.237 -- 00:00:19.262 So, Rasmus, please go ahead when you're ready. 00:00:19.262 -- 00:00:24.611 Yeah, good morning, and welcome to Arm Brand Group's third quarter of 24 conference 00:00:24.611 -- 00:00:29.754 call. As usual, today I have with me our CFO, Andreas Ruben Madsen, 00:00:29.754 -- 00:00:34.782 and our head of IR, Mads Tinker. This morning, we published our interim report 00:00:34.782 -- 00:00:39.529 for the third quarter. I will walk you through the operating highlights, and in the end, 00:00:39.529 -- 00:00:42.374 Andreas will comment on the financials. 00:00:42.374 -- 00:00:47.521 Overall, our view of results for Q3 are satisfactory, especially seen in the light 00:00:47.521 -- 00:00:49.404 of headwind. 00:00:49.404 -- 00:00:53.626 We see promoter changes in the Danish market in general. 00:00:53.626 -- 00:00:58.813 especially pleased with the strong growth in personal lines in Q3, while commercial lines 00:00:58.813 -- 00:01:03.879 growth has muted this quarter. Synergies are kicking in, and we do reach 00:01:03.879 -- 00:01:10.465 small undiscounted underlying improvements this quarter, despite the headwind on motor. 00:01:10.928 -- 00:01:14.553 Let's now look at the highlights. Please turn to slide two and some of the headlines 00:01:14.553 -- 00:01...