Analysts & Consensus.
Analysts
ABG Sundal Collier: Patrik Brattelius
Phone: +46 8 566 286 64
Email: patrik.brattelius@abgsc.se
Barclays: Michael Sanderson
Phone: +44 (0)203 134 2487
Email: michael.sanderson@barclays.com
Berenberg: Christoph Greulich
Phone: +44 (0) 782 791 0354
Email: christoph.greulich@berenberg.com
Bernstein Autonomous: Ian White
Phone: +44 (0) 207 776 3446
Email: iwhite@autonomous.com
BNP Paribas Exane: Nicolas Vaysselier
Phone: +44 203 430 8600
Email: nicolas.vaysselier@uk.bnpparibas.com
Citi: Andrew Lowe
Phone: +44 (0) 207 986 4042
Email: andrew.lowe@citi.com
Danske Bank: Kristin Dahlberg
Phone: +46 8 568 805 68
Email: kristin.dahlberg@danskebank.se
DNB Carnegie: Ermin Keric
Phone: +46 8 5886 8548
Email: ermin.keric@carnegie.se
Handelsbanken: Martin Ekstedt
Phone: +46 722 218 625
Email: martin.ekstedt@handelsbanken.se
JP Morgan: Enrico Bolzoni
Phone: +44 789 704 9857
Email: enrico.bolzoni@jpmorgan.com
Pareto Securities: Filip Henriksson
Phone: +46 840 252 84
Email: filip.henriksson@paretosec.com
SEB: Jacob Hesslevik
Phone: +46 704 622 237
Email: jacob.hesslevik@seb.se
UBS: Haley Tam
Phone: +44 207 567 6176
Email: haley.tam@ubs.com
Consensus estimates
Our latest consensus is available to download here.
| SEK million | Q3 2025 | FY 2025 | FY 2026 | FY 2027 |
| Net commission income | 709 | 2,927 | 3,215 | 3,633 |
| Net interest income | 576 | 2,318 | 2,296 | 2,539 |
| Net financial transactions | (1) | (4) | (3) | (3) |
| Other income | 11 | 40 | 47 | 53 |
| Adjusted total income | 1,280 | 5,283 | 5,597 | 6,336 |
| Adjusted operating expenses | (400) | (1,622) | (1,772) | (1,915) |
| Adjusted operating profit | 885 | 3,652 | 3,798 | 4,381 |
| Statutory operating profit | 885 | 3,652 | 3,798 | 4,381 |
| Statutory net profit | 721 | 2,970 | 3,101 | 3,567 |
| Earnings per share before dilution (SEK) | 2.88 | 11.65 | 12.21 | 14.22 |
| Adjusted earnings per share before dilution (SEK) | 2.89 | 11.66 | 12.17 | 14.10 |
| Dividend per share (SEK) | 8.12 | 8.32 | 9.50 | |
| Return on equity (%) | 40.5% | 38.9% | 40.8% |
The numbers in the table are the median values of the analysts’ estimates
Date: 2025-08-18
Contributors: ABG, Berenberg, DNB Carnegie, Citi, Danske Bank, Handelsbanken, JP Morgan, Pareto Securities, SEB, UBS