Analysts & Consensus.
Analysts
ABG Sundal Collier: Patrik Brattelius
Phone: +46 8 566 286 64
Email: patrik.brattelius@abgsc.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
Citi: Maria Semikhatova
Phone: +44 (0) 207 986 4294
Email: Maria.Semikhatova@citi.com
DNB: Nicolas McBeath
Phone: +46 8 473 48 61
Email: nicolas.mcbeath@dnb.se
JP Morgan: Gurjit Kambo
Phone: +44 207 742 0719
Email: gurjit.s.kambo@jpmorgan.com
SEB: Maths Liljedahl
Phone +468 639 4321
Email: maths.liljedahl@seb.se
Consensus estimates
Consensus as of 26th of August 2021, based on maximum 7 analysts* estimates.
| Consensus | Median | Consensus | Median | Consensus | Median | Consensus | Median | |
|---|---|---|---|---|---|---|---|---|
| Q3e | Q3e | 2021e | 2021e | 2022e | 2022e | 2023e | 2023e | |
| Net commission income - transaction related | 392 | 380 | 2 098 | 2 128 | 1 743 | 1 742 | 1 795 | 1 820 |
| Net commission income - non transaction related | 121 | 126 | 483 | 491 | 547 | 545 | 602 | 616 |
| Net interest income | 179 | 186 | 714 | 726 | 766 | 763 | 830 | 816 |
| Net result of financial transactions | 0 | 0 | 9 | 9 | 0 | 0 | 0 | 0 |
| Other operating income | 24 | 26 | 116 | 121 | 95 | 94 | 103 | 99 |
| Operating income | 716 | 719 | 3 420 | 3 474 | 3 152 | 3 144 | 3 330 | 3 351 |
| Operating expenses | -284 | -283 | -1 147 | -1 143 | -1 191 | -1 191 | -1 230 | -1 226 |
| Profit before credit losses | 432 | 436 | 2 273 | 2 331 | 1 961 | 1 953 | 2 100 | 2 125 |
| Net credit losses | -9 | -9 | -36 | -33 | -41 | -40 | -43 | -39 |
| Operating profit | 423 | 427 | 2 237 | 2 298 | 1 920 | 1 913 | 2 057 | 2 086 |
| Tax | -74 | -73 | -410 | -414 | -340 | -341 | -363 | -364 |
| Profit after tax | 349 | 354 | 1 827 | 1 884 | 1 580 | 1 572 | 1 694 | 1 723 |
| EPS, SEK | 1,4 | 1,4 | 7,2 | 7,2 | 6,2 | 6,3 | 6,7 | 6,8 |
| DPS, SEK | N/A | N/A | 5,4 | 5,2 | 4,6 | 4,4 | 4,9 | 4,8 |
| ROE, % | 29,0 | 30,8 | 39,5 | 39,0 | 29,1 | 29,8 | 28,7 | 29,1 |
| Number of analysts included in consensus | 6 | 6 | 7 | 7 | 7 | 7 | 6 | 6 |
*ABG, Berenberg, Carnegie, Citigroup, DNB, JPM, SEB