During the first quarter ATP experienced a profit of approximately DKK 3.8 billion, with reserves of up to DKK 73.8 billion. This result is driven by higher oil prices as well as rising inflation.
Director of ATP Lars Rohde, stated in the company press release :"The results for the first quarter is satisfactory. In a time of great volatility in financial markets, we see that the risk-spreading strategy is appropriate. This time draws especially our inflation secure investment and rising oil prices are the result up. "
For ATP’s investment portfolio the return was approximately 6.7 billion, before tax, equivalent to roughly 1.7%
ATP had a positive return in four out of their five risk classes, these were:
· Risk Klassen Inflation gave a return of 3.7 billion, equivalent to roughly 3.4 per cent. The largest contribution came from linkers primarily caused by an increase in expected inflation in Europe.
· Risk Class Commodities gave a return of 2.8 billion, equivalent to roughly 13.4 per cent. The portfolio consists entirely of oil-related risk and return due to rising oil prices during the quarter.
· Risk Class credit a return of 1.1 billion, equivalent to roughly 2.2 percent
· Risk Class shares gave a return of 1.0 billion, corresponding to roughly 1.8 per cent.
· Risk Interest Klassen gave a negative return of 2.0 billion, equivalent to roughly -1.3 per cent.
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