Latest news with #Sydbank
Yahoo
26-05-2025
- Business
- Yahoo
Sydbank A/S share buyback programme: transactions in week 21
Company Announcement No 24/2025 Peberlyk 46200 AabenraaDenmarkTel +45 74 37 37 37Fax +45 74 37 35 36Sydbank A/SCVR No DK 12626509, 26 May 2025 Dear Sirs Sydbank A/S share buyback programme: transactions in week 21On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026. The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules. The following transactions have been made under the share buyback programme: Number of shares VWAP Gross value (DKK) Accumulated, most recent Announcement 831,000 346,542,500.00 19 May 202520 May 202521 May 202522 May 202523 May 2025 12,00012,00012,00012,00016,000 438.63445.14447.06442.10440.20 5,263,560.005,341,680.005,364,720.005,305,200.007,043,200.00 Total over week 21 64,000 28,318,360.00 Total accumulated during theshare buyback programme 895,000 374,860,860.00 All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S. Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the the above transactions, Sydbank A/S holds a total of 895,295 own shares, equal to 1.74% of the Bank's share capital. Yours sincerely Mark Luscombe Jørn Adam MøllerCEO Deputy Group Chief Executive Attachment SM 24 UK incl. enc
Yahoo
21-05-2025
- Business
- Yahoo
3 European Dividend Stocks To Enhance Your Portfolio
As European markets experience a positive shift with the STOXX Europe 600 Index climbing by 2.10% amid improved sentiment following a de-escalation in U.S.-China trade tensions, investors are increasingly looking toward stable dividend stocks to enhance their portfolios. In such an environment, selecting stocks that offer consistent dividend payouts can be a strategic way to achieve steady income and mitigate market volatility. Name Dividend Yield Dividend Rating Bredband2 i Skandinavien (OM:BRE2) 4.37% ★★★★★★ Julius Bär Gruppe (SWX:BAER) 4.53% ★★★★★★ Allianz (XTRA:ALV) 4.43% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.39% ★★★★★★ Rubis (ENXTPA:RUI) 6.96% ★★★★★★ S.N. Nuclearelectrica (BVB:SNN) 8.74% ★★★★★★ ERG (BIT:ERG) 5.55% ★★★★★★ HEXPOL (OM:HPOL B) 4.69% ★★★★★★ OVB Holding (XTRA:O4B) 4.46% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.49% ★★★★★★ Click here to see the full list of 230 stocks from our Top European Dividend Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Sydbank A/S, along with its subsidiaries, offers a range of banking products and services to corporate, private, retail, and institutional clients both in Denmark and internationally, with a market cap of DKK22.53 billion. Operations: Sydbank generates revenue through its segments, including Banking (DKK5.84 billion), Treasury (DKK84 million), Sydbank Markets (DKK363 million), and Asset Management (DKK485 million). Dividend Yield: 6% Sydbank's dividend payments, while covered by a reasonable payout ratio of 56.2%, have been historically volatile and unreliable over the past decade. The company recently announced a reduced annual dividend of DKK 26.88 per share for 2025 amidst declining earnings, with net income dropping to DKK 642 million in Q1 2025 from DKK 858 million the previous year. Despite these challenges, Sydbank's buyback program aims to optimize capital structure by repurchasing shares worth up to DKK 1.35 billion until January 2026. Get an in-depth perspective on Sydbank's performance by reading our dividend report here. The valuation report we've compiled suggests that Sydbank's current price could be quite moderate. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Eiffage SA operates in construction, property and urban development, civil engineering, metallic construction, roads, energy systems, and concessions across France and internationally with a market cap of €11.76 billion. Operations: Eiffage SA generates revenue from several segments, including Concessions (€4.14 billion), Construction (€4.08 billion), Energy Systems (€7.24 billion), and Infrastructures (€8.75 billion). Dividend Yield: 3.7% Eiffage's dividend payments are well-supported by a low cash payout ratio of 15.6% and an earnings payout ratio of 42.5%, indicating strong coverage by both cash flows and profits. However, the dividends have been historically volatile over the past decade, with periods of significant annual drops exceeding 20%. Although trading at a good value relative to peers, Eiffage carries a high level of debt which could impact future dividend stability despite recent increases in earnings and sales. Click here to discover the nuances of Eiffage with our detailed analytical dividend report. The analysis detailed in our Eiffage valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Ålandsbanken Abp operates as a commercial bank serving private individuals and companies in Finland and Sweden, with a market cap of €584.75 million. Operations: Ålandsbanken Abp generates its revenue through several segments, including IT (€54.63 million), Premium Banking (€71.10 million), Corporate and Other (€13.86 million), and Private Banking (Including Asset Management) (€96.19 million). Dividend Yield: 7.0% Ålandsbanken Abp offers a high and reliable dividend yield of 7%, placing it in the top 25% of Finnish dividend payers. The company's dividends have been stable and growing for the past decade, with recent affirmations supporting its reliability. Despite a reasonable payout ratio of 69.2%, Ålandsbanken's low allowance for bad loans at 21% suggests prudent financial management. It is trading below its estimated fair value, adding potential appeal to investors seeking income stability. Dive into the specifics of Ålandsbanken Abp here with our thorough dividend report. Insights from our recent valuation report point to the potential overvaluation of Ålandsbanken Abp shares in the market. Take a closer look at our Top European Dividend Stocks list of 230 companies by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CPSE:SYDB ENXTPA:FGR and HLSE:ALBAV. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
CNBC
20-05-2025
- Business
- CNBC
Novo Nordisk's future in doubt after Wegovy maker's 'surprise' CEO ouster
Novo Nordisk 's ousting of longtime CEO Lars Fruergaard Jørgensen shocked analysts, with many questioning the future of the Wegovy obesity drug maker in its quest to fend off competition. The Danish pharmaceutical giant on Friday said that its chief was stepping down over concerns that the company was losing its market lead, adding that he would remain in situ throughout the search for a replacement. "[It's] a gigantic surprise," analysts at Denmark's Sydbank wrote in a note shortly after the announcement. "We admit that Novo Nordisk is currently facing challenges on the American market as a result of compounders' copies of Wegovy, just as the share price has fallen more than 50% [since summer 2024]," they added. "However, we also remind you that the share price has more than tripled during Lars Fruergaard Jorgensen's tenure as CEO of Novo Nordisk." NVO 5Y line Novo Nordisk. Jørgensen served at the helm of Novo Nordisk for eight years, overseeing the firm's transition from a key player in diabetes drug development to one of two market leaders in the nascent but burgeoning obesity drug space, alongside U.S. rival Eli Lilly . Novo Nordisk's share price has ridden a dramatic wave over that period, briefly rising to become Europe's most valuable company in 2023 on growing hype around weight loss drugs and their potentially wide-reaching applications . Over the past year, however, the stock's value has taken a battering on the back of rising competition from U.S. drug compounders and disappointing trial results for its next-generation obesity treatments. Shares dropped immediately on Friday's news, closing 1.8% lower, before rebounding Monday to trade up around 2.5%. Deutsche Bank said it had "mixed feelings" about the announcement, commending Novo Nordisk for taking ownership for recent shortcomings, but also questioning the timing of the announcement. "We welcome companies taking responsibility for poor performance ... even when that may not be fully under their control," the analysts wrote Friday. "Nonetheless, the decision appears a little haphazard in both timing and content," they added, noting that the news may have been better delivered during the firm's first-quarter earnings announcement earlier this month. J.P. Morgan was more sanguine on the move, saying it would allow the company to move its focus toward regaining market share. "While the announcement of the CEO transition is unexpected, we believe this reflects decisive action from the Novo Nordisk Foundation to put Novo in the strongest position to capitalize on the GLP-1 market opportunity over the next 10 years," the analysts wrote. What's next for Novo? The pharmaceutical industry at large has come up against increasing pressure from the Trump administration over drug pricing and prospective tariffs. Analysts told Reuters that Novo Nordisk could potentially seek an American CEO to navigate the complexities of its largest market. Novo did not immediately respond to CNBC's request for comment on the claims. However, Sydbank suggested that the decision could point to more wide-reaching issues at the firm. "The price movement in the Novo Nordisk share since the summer of 2024 has, in our estimation, also been largely driven by factors that have been beyond the influence of the Novo Nordisk management," the analysts wrote. "This raises the natural question of whether the current challenges are greater than what Novo Nordisk has expressed so far? The coming months will give a clearer answer to that," it wrote. Boxes of Ozempic and Wegovy made by Novo Nordisk at a pharmacy in London on March 8, 2024.
Yahoo
12-05-2025
- Business
- Yahoo
Sydbank share buyback programme: transactions in week 19
Company Announcement No 22/2025 Peberlyk 46200 AabenraaDenmarkTel +45 74 37 37 37Fax +45 74 37 35 36Sydbank A/SCVR No DK 12626509, 12 May 2025 Dear Sirs Sydbank share buyback programme: transactions in week 19On 26 February 2025 Sydbank announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026. The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules. The following transactions have been made under the share buyback programme: Number of shares VWAP Gross value (DKK) Accumulated, most recent Announcement 696,000 289,031,550.00 05 May 202506 May 202507 May 202508 May 202509 May 2025 12,00013,00013,00014,00014,000 433.74428.47422.12421.07417.79 5,204,880.005,570,110.005,487,560.005,894,980.005,849,060.00 Total over week 19 66,000 28,006,590.00 Total accumulated during theshare buyback programme 762,000 317,038,140.00 All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S. Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the the above transactions, Sydbank A/S holds a total of 760,964 own shares, equal to 1,48% of the Bank's share capital. Sydbank A/S had at its disposal, through direct and indirect holdings, 768,839 shares in Sydbank A/S, representing 1.51% of the total share capital of Sydbank A/ sincerely Mark Luscombe Jørn Adam MøllerCEO Deputy Group Chief Executive Attachment SM 22 UK incl. encError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-02-2025
- Business
- Yahoo
Wind power developer Orsted sees 2025 core profit equal to or above 2024
By Louise Rasmussen COPENHAGEN (Reuters) -Orsted, the world's biggest offshore wind power developer, said on Thursday it expected core profit this year to be equal to, or above 2024, a day after cutting investment plans for coming years, sending its shares higher. After the market close on Wednesday, Orsted said it had decided to scale back the total amount it planned to invest for the years through 2030 by about 25% to shore up its finances in a challenging market. It also said it saw no need to raise new cash, and that the revised plan would allow the group to keep cutting costs given it would construct at a slower pace than previously planned. Shares in the Danish company were up 6% in early trade, trimming a year-to-date fall to 8%. Sydbank analyst Jacob Pedersen said many investors had feared the company would announce a capital increase. Offshore wind companies have faced challenges including rising costs, supply chain issues and planning delays. President Donald Trump created further uncertainty by suspending offshore wind leases on his first day in office last month. "Our ambition is to solidify our position as the undisputed leader in offshore wind," Rasmus Errboe, the company's CEO since Feb. 1, told journalists in a media call. He said the company expected market challenges to continue in 2025. "Our number one priority will be to deliver on our construction programme," he later added. Orsted said on Thursday most of its projects were progressing according to plan, but warned it continued to face supply chain and construction challenges at its two U.S. offshore construction projects Revolution Wind and Sunrise Wind. "It would not be right for me to issue any guarantees in terms of further impairments," Errboe said, referring specifically to the two U.S. projects. Orsted guided for 2025 operating profit before interest, tax, depreciation, amortisation, new partnerships and cancellation fees of between 25 billion and 28 billion crowns ($3.5 billion-$3.9 billion). The outlook broadly matched analysts' average expectations, according to a company-provided poll. In its full-year earnings report on Thursday, Orsted confirmed a preliminary reading for 2024 of 24.8 billion crowns. "The year 2024 proved to be a challenging year for the industry and for Orsted," Errboe, said in the statement. "We've experienced headwinds and have therefore taken necessary actions." Shares in Orsted were up 4.37% at 1009 GMT. ($1 = 7.1798 Danish crowns) Sign in to access your portfolio
