Analysts & Consensus.
Analysts
ABG Sundal Collier: Patrik Brattelius
Phone: +46 8 566 286 64
Email: patrik.brattelius@abgsc.se
Berenberg: Karl Oskar Vikström
Phone: +44 (0) 203 465 2647
Email: karl-oskar.vikstroem@berenberg.com
Bernstein Autonomous: Jacob Kruse
Phone: +44 (0) 207 776 3425
Email: jkruse@autonomous.com
Carnegie: Ermin Keric
Phone: +46 8 5886 8548
Email: ermin.keric@carnegie.se
Citi: Maria Semikhatova
Phone: +44 (0) 207 986 4294
Email: Maria.Semikhatova@citi.com
Danske Bank: Andreas Håkansson
Phone: +46 8 568 805 68
Email: andreas.hakansson@danskebank.se
DNB: Nicolas McBeath
Phone: +46 8 473 48 61
Email: nicolas.mcbeath@dnb.se
JP Morgan: Enrico Bolzoni
Phone: +44 789 704 9857
Email: enrico.bolzoni@jpmorgan.com
SEB: Maths Liljedahl
Phone +468 639 4321
Email: maths.liljedahl@seb.se
Consensus estimates
Consensus as of 27th of April 2022, based on maximum 9 analysts* estimates.
| Consensus | Median | Consensus | Median | Consensus | Median | Consensus | Median | |
|---|---|---|---|---|---|---|---|---|
| Q1e | Q1e | 2022e | 2022e | 2023e | 2023e | 2024e | 2024e | |
| Net commission income - transaction related | 480 | 486 | 1,871 | 1,865 | 2,014 | 2,027 | 2,205 | 2,174 |
| Net commission income - non transaction related | 138 | 138 | 562 | 566 | 621 | 637 | 690 | 701 |
| Net interest income | 192 | 192 | 831 | 799 | 978 | 900 | 1,079 | 976 |
| Net result of financial transactions | 2 | 0 | 6 | 0 | 3 | 0 | 3 | 0 |
| Other operating income | 24 | 25 | 124 | 122 | 125 | 109 | 129 | 113 |
| Operating income | 835 | 841 | 3,395 | 3,352 | 3,740 | 3,673 | 4,106 | 3,964 |
| Operating expenses | -298 | -299 | -1,212 | -1,204 | -1,277 | -1,263 | -1,342 | -1,331 |
| Profit before credit losses | 537 | 542 | 2,182 | 2,148 | 2,463 | 2,410 | 2,764 | 2,633 |
| Net credit losses | -11 | -11 | -44 | -41 | -47 | -43 | -50 | -45 |
| Operating profit | 526 | 531 | 2,139 | 2,107 | 2,416 | 2,367 | 2,714 | 2,588 |
| Tax | -93 | -92 | -383 | -394 | -433 | -442 | -487 | -491 |
| Profit after tax | 433 | 438 | 1,756 | 1,713 | 1,984 | 1,925 | 2,227 | 2,097 |
| EPS, SEK | 1.7 | 1.7 | 6.9 | 7.0 | 7.8 | 7.9 | 8.8 | 9.1 |
| DPS, SEK | N/A | N/A | 5.0 | 5.0 | 5.7 | 5.7 | 6.4 | 6.4 |
| ROE, % | 33.2 | 33.0 | 30.5 | 30.6 | 32.0 | 31.7 | 32.6 | 33.1 |
| Number of analysts included in consensus | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 |
*ABG, Berenberg, Bernstein Autonomous, Carnegie, Citigroup, Danske Bank, DNB, JPM, SEB