Analysts & Consensus
Analysts
ABG Sundal Collier: Patrik Brattelius
Phone: +46 856 628 664
Email: patrik.brattelius@abgsc.se
Bank of America: Christiane Holstein
Phone: +44 (0) 207 996 1011
Email: christiane.holstein@bofa.com
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: +46 856 880 568
Email: kristin.dahlberg@danskebank.se
DNB Carnegie: Ermin Keric
Phone: +46 858 868 548
Email: ermin.keric@carnegie.se
Goldman Sachs: Oliver Carruthers
Phone: +44 (20) 755 293 64
Email: oliver.carruthers@gs.com
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
SB1: Phillip Moe Mølmen
Phone: +46 768 649 637
Email: phillip.molmen@sb1markets.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 | Q4 2025 | FY 2025 | FY 2026 | FY 2027 |
| Net commission income | 779 | 3,014 | 3,287 | 3,710 |
| Net interest income | 560 | 2,312 | 2,339 | 2,615 |
| Net financial transactions | - | (5) | - | - |
| Other income | 10 | 25 | 44 | 55 |
| Adjusted total income | 1,353 | 5,351 | 5,691 | 6,384 |
| Adjusted operating expenses | (423) | (1,630) | (1,783) | (1,933) |
| Adjusted operating profit | 928 | 3,710 | 3,899 | 4,459 |
| Statutory operating profit | 928 | 3,691 | 3,899 | 4,459 |
| Statutory net profit | 754 | 2,995 | 3,153 | 3,611 |
| Earnings per share before dilution (SEK) | 2.97 | 11.77 | 12.53 | 14.32 |
| Adjusted earnings per share before dilution (SEK) | 2.97 | 11.81 | 12.51 | 14.36 |
| Dividend per share (SEK) | 8.33 | 8.85 | 9.98 | |
| Return on equity (%) | 41.2% | 39.2% | 40.4% |
The numbers in the table are the median values of the analysts’ estimates
Date: 2026-01-16
Contributors: ABG, Autonomous, Barclays, Berenberg, BNP Paribas, Bank of America, Citi, Danske Bank, DNB Carnegie, Goldman Sachs, JP Morgan, Pareto Securities, SB1, SEB, Handelsbanken, UBS