Analysts & Consensus.
Analysts
DNB: Nicolas McBeath
Phone: +46 8 473 48 61
Email: nicolas.mcbeath@dnb.se
Berenberg: Carl-Oscar Green Bredengen
Phone: +44 (0) 203 753 3160
E-mail: carl-oscar.bredengen@berenberg.com
Carnegie: Ermin Keric
Phone: +46 8 5886 8548
Email: ermin.keric@carnegie.se
ABG Sundal Collier: Patrik Brattelius
Phone: +46 8 566 286 64
Email: patrik.brattelius@abgsc.se
SEB: Maths Liljedahl
Phone +468 639 4321
Email: maths.liljedahl@seb.se
Citi: Maria Semikhatova
Phone: +44 (0) 207 986 4294
Email: Maria.Semikhatova@citi.com
JP Morgan: Gurjit Kambo
Phone: +44 207 742 0719
Email: gurjit.s.kambo@jpmorgan.com
Consensus estimates
Consensus as of 11 July 2021, based on maximum 7 analysts* estimates.
| Consensus | Median | Consensus | Median | Consensus | Median | Consensus | Median | |
|---|---|---|---|---|---|---|---|---|
| Q2e | Q2e | 2021e | 2021e | 2022e | 2022e | 2023e | 2023e | |
| Net commission income - transaction related | 506 | 507 | 2 123 | 2 106 | 1 793 | 1 736 | 1 853 | 1 888 |
| Net commission income - non transaction related | 121 | 124 | 481 | 495 | 540 | 544 | 601 | 614 |
| Net interest income | 174 | 175 | 691 | 704 | 731 | 734 | 789 | 768 |
| Net result of financial transactions | 0 | 0 | -1 | 0 | -1 | 0 | -1 | 0 |
| Other operating income | 20 | 20 | 83 | 79 | 84 | 81 | 80 | 85 |
| Operating income | 820 | 825 | 3 378 | 3 384 | 3 147 | 3 095 | 3 322 | 3 354 |
| Operating expenses | -278 | -280 | -1 122 | -1 118 | -1 157 | -1 147 | -1 187 | -1 193 |
| Profit before credit losses | 542 | 546 | 2 256 | 2 266 | 1 990 | 1 948 | 2 136 | 2 161 |
| Net credit losses | -8 | -8 | -31 | -30 | -40 | -39 | -42 | -39 |
| Operating profit | 534 | 538 | 2 225 | 2 236 | 1 949 | 1 909 | 2 094 | 2 122 |
| Tax | -94 | -94 | -399 | -401 | -338 | -331 | -361 | -365 |
| Profit after tax | 441 | 443 | 1 826 | 1 835 | 1 611 | 1 578 | 1 733 | 1 757 |
| EPS, SEK | 1,8 | 1,8 | 7,3 | 7,3 | 6,4 | 6,3 | 6,9 | 7,0 |
| DPS, SEK | N/A | N/A | 5,4 | 5,0 | 4,6 | 4,5 | 5,0 | 5,0 |
| ROE, % | 38,8 | 40,0 | 39,3 | 39,5 | 29,3 | 29,3 | 29,0 | 29,3 |
| Number of analysts included in consensus | 6 | 6 | 7 | 7 | 7 | 7 | 6 | 6 |
*ABG, Berenberg, Carnegie, Citigroup, DNB, JPM, SEB