Financials

Reports

Here you find all our interim reports, annual reports and presentations. You can also download our Excel sheet with financial data and key figures.

 ReportPresentationAudio/VideoCapital AdequacyKey data
Jan - Mar Interim reportFileFileFile

Key figures

Group

2017

2016

2015

2014

2013

Operating margin, %

20%

31%

36%

31%

30%

Profit margin, %

17%

25%

29%

25%

24%

Investments in equipment, SEK millions*

29.1

9.9

11.1

15.2

16.5

Investments in intangible assets, SEK millions*

88.0

42.6

30.1

40.4

13.6

Of which internal charges for development, SEK millions

22.8

21.6

8.1

7.4

5.4

Marketing expenses, SEK millions

44.4

41.5

33.5

38.5

35.1

Profit after tax per share before dilution, SEK

1.70

2.05

1.58

1.34

Profit after tax per share after dilution, SEK

1.70

2.04

1.58

1.34

Cash flow from current operations per average number of shares

22.30

9.89

26.74

11.02

Return on assets, %

0.3% 0.5%

0.6%

0.6%

0.6%

Return on equity, %

11%

15%

20%

16%

15%

Equity per share, SEK**

11.35

10.72

9.98

9.26

Dividend per share

1.00

1.30

1.00

0.85

Share price, SEK

37.30

41.00

28.20

26.00

Market capitalisation at end of period, SEK millions

6,529

7,151

4,936

4,551

Share turnover rate, %

42%

32%

28%

17%

Shareholders’ equity, SEK millions

2,021.6

1,978.9

1,870.1

1,747.6

1,621.0

Capital base, SEK millions

1,504.7

1,295.4

1,244.8

1,270.3

1,205.0

Capital ratio, %

17.4%

16.7%

15.8%

16.0%

16.6%

Average number of shares before dilution

174,393,815

174,950,604

175,027,886

175,027,886

Average number of shares after dilution

174,779,791

175,299,370

175,096,811

175,027,886

Number of outstanding shares at year-end

174,413,807

174,418,830

175,027,886

175,027,886

Number of employees at year-end

474

405

427

385

330

 

 * Excluding aquistion

** Excluding minority

 

Customer-related key figures

 

2017

2016

2015

2014

2013

Number of active customers at the end of the period

669,300 

566,800

490,400

432,600

394,700

Number of active accounts at end of period

884,500 

735,000

627,500

544,600

487,800

Average savings capital per active account at end of period, SEK

308,000 

319,300

318,800

305,200

278,810

Total savings capital at end of period, SEK billions

272 

235

200

166

136

Lending including pledged cash and cash equivalents at end of period, SEK millions

11,852.0 

9,516.4

7,278.1

5,806.2

5,455.5

Lending excluding pledged cash and cash equiv alents at end of period, SEK millions

11,437.5 

9,210.8

7,086.4

5,619.6

5,368.3

Lending/deposits, %

35% 

33%

31%

29%

34%

Number of trades per year

26,181,300 

22,931,500

19,831,700

14,642,500

13,565,700

Number of trades per trading day

105,100 

91,400

80,000

59,300

54,700

Number of trades per active trading account per year

35,2 

37.2

37.4

32.0

32.9

Number of trades per active trading account per month

2,9 

3.1

3.1

2.7

2.7

Average net brokerage income per deal closed, SEK

18 

20

24

25

24

Average net brokerage per trading day, SEK

2,685,100 

2,562,100

2,716,400

2,146,000

1,925,300

Annual income/average savings capital, %

0,5% 

0.6%

0.6%

0.7%

0.8%

Average annual income per account, SEK

1,535 

1,755

2,112

2,099

2,118

Average annual operating expense per account, SEK

-1,186 

-1,173

-1,262

-1,348

-1,391

Average annual profit per account, SEK

349 

582

850

751

727

Five-year summary

Income statements, SEK thousands

2017

2016

2015

2014

2013

Net interest income

386,269  403,174 406,572

471,494

476,670

Net commission

640,504  589,845 624,653

478,217

403,330

Net result of financial transactions

162,429  151,518 147,193

86,445

65,287

Other income

54,903  51,486 59,641

42,675

37,948

Total operating income

1,244,105  1,196,023 1,238,059

1,085,831

983,235

Operating expenses

-961,473  -799,191 -748,079

-698,779

-650,484

Credit losses

-35,301  -29,098 -41,333

-43,074

-38,756

Operating result

247,331  367,734 448,647

336,978

293,995

Tax

-34,507  -70,688 -91,506

-60,343

-60,150

Income for the year

212,824  297,046 357,141

276,634

233,845

 

Balance sheets, SEK thousands

2017

2016

2015

2014

2013

Cash and balances in Central Banks

392,304  436,419 –   –

Loans to credit institutions

272,556  329,045  294,691

987,472

967,567

Loans to the general public

11,852,046  9,516,392  7,278,083

5,785,566

5,455,533

Assets in the insurance business

46,515,739  41,684,655  35,995,138

28,868,478

23,764,928

Other assets

21,302,696  18,483,732  16,645,382

14,484,947

9,506,197

Total assets

80,335,341  70,450,243  60,213,294

50,126,464

39,694,225

Loans to credit institutions

–   369,529

Deposits and borrowing from the general public

29,063,690  24,426,599 7,278,083

5,806,242

5,455,533

Liabilities in the insurance business

46,515,739  41,685,918  35,996,211

28,869,319

23,765,601

Other liabilities

2,544,032  2,168,214  2,341,211

3,005,707

1,404,674

Total liabilities

78,313,786  68,471,358  58,339,327

48,375,342

38,068,844

Total equity

2,021,555  1,978,885  1,873,966

1,751,122

1,625,381

Total equity and liabilities

80,335,341  70,450,243  60,213,294

50,126,464

39,694,225

 

Definitions

Active customer is a physical person or legal entity holding at least one active account.

Active accounts are account with a value of > SEK 0 or a credit commitment.

Amount traded refers to our customers’ trade in shares,warrants, ETFs, certificates, bonds and similar instruments.

Cash market refers to trade in shares, warrants, ETFs, certificates, bonds and similar instruments.

Capital base is the sum of Core Tier 1 capital, Tier 1 capital and Tier 2 capital.

Capital ratio is the capital base in relation to total risk-weighted exposure amount.

Client funds are cash and cash equivalents at Nordnet held on behalf of a third party.

Core Tier 1 capital is equity excluding proposed dividend, deferred taxes and intangible assets and some further adjustments in accordance with the EU capital requirements regulation no. 575/2013 (CRR) and EU 241/2014.

Core Tier I ratio is Core Tier 1 capital divided by total risk-weighted exposure amount.

Cost coverage is non-transaction-related income relative to expenses.

Deposits including deposits attributable to liabilities in the insurance operations.

Lending to the public, excluding lending through “account credits” that are fully covered by pledged cash and cash equivalents on endowment insurance plans and investment savings accounts (ISKs), where the lending rate applied to the credits corresponds to the deposit rate on the pledged cash and cash equivalents.

Net commission income is the commission income less commission expenses and non-transaction-related net commission income. 

Net commission per trade is total net commission income divided by total number of trades during the period.

Net savings are deposits of cash and cash equivalents and securities, less withdrawals of cash and cash equivalents and securities.

Operating expenses are expenses for operations, excluding credit losses and and impairment of goodwill.

Operating margin is operating profit in relation to operating income.

Personal loans are unsecured loans.

Profit margin is profit for the period after tax in relation to operating income.

Risk exposure amounts are assets on and commitments outside of the balance sheet, risk-weighted according to the capital adequacy rules for credit risk and market risk.

Return on assets is profit for the year in relation to average total assets.

Return on shareholders’ equity is profit for the year in relation to average equity.

Solvency capital (NPV) is the estimated present value of expected profits in the existing insurance operations.

Solvency Capital Requirement (SCR) is estimated capital requirements under Solvency II regulations. 

Total savings capital is the total of cash and cash equivalents and value of securities for all active accounts. 

Trade is a registered transaction on the stock exchange or in the marketplace. Orders sometimes involve several trades.

Turnover rate is the number of shares bought or sold during the year divided by the number of shares outstanding at year-end.

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Johan Tidestad
Johan Tidestad
Head of Communications
Press
Henrik Edström
Henrik Edström
PR manager
Careers
Heidi Ershult
Heidi Ershult
Nordic Employer Brand Lead
Head office
Kundservice
Nordnet AB (publ)

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