Hans Rettedal Christiansen's questions to Sampo Oyj (SAXPY) leadership • Q1 2025
Question
Hans Rettedal Christiansen asked if the increased Topdanmark synergy target was driven purely by costs, whether more synergies could be found, and for a breakdown of Norway's 17% premium growth into volume and price effects.
Answer
Executive Morten Thorsrud confirmed the synergy increase is from costs, as revenue synergies are less tangible. He noted that while more could always be learned, the new figure is the current best estimate. He also explained Norway's growth is largely price-driven, with higher rate actions than other markets, but also includes an underlying volume component. Executive Knut Alsaker emphasized that the announced EUR 140 million is the official target to expect through 2028.