Analysts & Consensus.
Analysts
ABG Sundal Collier: Patrik Brattelius
Phone: +46 8 566 286 64
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 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 | Q4 2025 | FY 2025 | FY 2026 | FY 2027 |
| Net commission income | 766 | 3,001 | 3,280 | 3,682 |
| Net interest income | 562 | 2,314 | 2,335 | 2,630 |
| Net financial transactions | - | (5) | - | - |
| Other income | 10 | 25 | 42 | 55 |
| Adjusted total income | 1,338 | 5,335 | 5,656 | 6,388 |
| Adjusted operating expenses | (419) | (1,626) | (1,776) | (1,926) |
| Adjusted operating profit | 913 | 3,695 | 3,865 | 4,437 |
| Statutory operating profit | 913 | 3,676 | 3,865 | 4,437 |
| Statutory net profit | 741 | 2,981 | 3,145 | 3,601 |
| Earnings per share before dilution (SEK) | 2.96 | 11.77 | 12.44 | 14.38 |
| Adjusted earnings per share before dilution (SEK) | 2.95 | 11.79 | 12.43 | 14.44 |
| Dividend per share (SEK) | 8.35 | 8.70 | 9.94 | |
| Return on equity (%) | 40.6% | 39.6% | 41.3% |
The numbers in the table are the median values of the analysts’ estimates
Date: 2025-11-12
Contributors: ABG, Autonomous, Barclays, BNP Paribas, Citi, Danske Bank, DNB Carnegie, JP Morgan, Pareto Securities, SEB, Handelsbanken, UBS