Storebrand ASA Surges 2.05 % to NOK 190.6 on Oslo Exchange
On Thursday, 22 October, Storebrand ASA (STB.OL) advanced 2.05 % during a 24‑hour trading window that closed at 02:42 PM Central Europe. The share price currently trades at NOK 190.6 on the Oslo Stock Exchange and major foreign markets, reflecting a modest rally after a month‑end decline of 2.7 %.
Key metrics
- Market capitalisation: NOK 81.5 bn
- Shares outstanding: 419 mn
- Average 24‑hour volume: NOK 184.5 mn
- 200‑day moving average: NOK 183.89
- 52‑week high: NOK 208.2 (26 August 2026)
- 52‑week low: NOK 155.1 (21 November 2025)
The recent lift aligns with a broader uptick in Norwegian financial equities, and analysts anticipate that the company’s diversified portfolio of life insurance, pension plans, asset management, and banking services will continue to support long‑term resilience.
Comparative Performance of Peer Stocks
| Stock | Ticker | % Move | Current Price | Market Cap (bn NOK) | Notable Ratio |
|---|---|---|---|---|---|
| Kongsberg Maritime ASA | KMAR.OL | +1.24 % | 59.6 | 52.4 | – |
| Salmar ASA | SALM.OL | +1.83 % | 581 | 78.9 | P/E = 35.73 |
| Wallenius Wilhelmsen ASA | WAWI.OL | +0.11 % | 170.2 | 76.5 | P/E = 11.21 |
| Vend Marketplaces ASA Cl | VEND.OL | –0.63 % | 223 | 44.4 | – |
| Autostore Ltd | AUTO.OL | –0.39 % | 14.96 | 50.7 | P/E = 34.54 |
The maritime and logistics sector, represented by Wallenius Wilhelmsen, experienced a modest gain that contributed to an upward trend in the Oslo OBX index. This sector‑wide improvement, coupled with positive earnings reports from peers such as Salmar, underscores a generally favorable outlook for Norwegian shipping and logistics stocks.
Outlook for Autostore Holdings Ltd.
Autostore Ltd. (AUTO.OL) is scheduled to release its latest quarterly financial statements on 5 November, covering the quarter ended 30 September. Forecasts project a modest earnings‑per‑share figure of approximately $0.011, down from $0.100 a year earlier. Revenue is expected to hover around $170 million, a sharp decline from roughly $1.4 billion last year. For the full fiscal year, consensus estimates point to an EPS near $0.056, compared to $0.250 a year ago, with annual revenue projected at approximately $712 million versus $5.6 billion previously. These numbers signal a significant contraction in both profitability and top‑line performance for Autostore.
About Storebrand ASA
Storebrand ASA is headquartered in Lysaker, Norway, and operates across the financial services spectrum. The company offers life insurance, pension plans, equity and fixed‑income fund management, residential mortgages, and a suite of internet and telephone banking services. Storebrand’s presence extends beyond Norway, with listings on the Frankfurt Stock Exchange and a strong digital footprint. Further details can be found on the company’s website at www.storebrand.no .
