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 May 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 | 535 | 541 | 2 172 | 2 131 | 1 815 | 1 771 | 1 874 | 1 882 |
| Net commission income - non transaction related | 116 | 120 | 472 | 476 | 526 | 516 | 581 | 587 |
| Net interest income | 170 | 173 | 686 | 694 | 729 | 723 | 785 | 765 |
| Net result of financial transactions | 0 | 0 | -1 | 0 | -1 | 0 | -1 | 0 |
| Other operating income | 19 | 19 | 81 | 79 | 82 | 78 | 78 | 81 |
| Operating income | 841 | 853 | 3 410 | 3 380 | 3 151 | 3 088 | 3 317 | 3 314 |
| Operating expenses | -279 | -279 | -1 126 | -1 116 | -1 161 | -1 147 | -1 191 | -1 196 |
| Profit before credit losses | 561 | 574 | 2 284 | 2 264 | 1 990 | 1 941 | 2 126 | 2 119 |
| Net credit losses | -9 | -9 | -35 | -32 | -44 | -44 | -47 | -46 |
| Operating profit | 553 | 566 | 2 250 | 2 232 | 1 946 | 1 897 | 2 079 | 2 073 |
| Tax | -95 | -97 | -401 | -398 | -334 | -326 | -354 | -352 |
| Profit after tax | 458 | 469 | 1 849 | 1 834 | 1 612 | 1 571 | 1 726 | 1 720 |
| EPS, SEK | 1,8 | 1,9 | 7,4 | 7,3 | 6,4 | 6,3 | 6,9 | 6,9 |
| DPS, SEK | N/A | N/A | 5,4 | 5,3 | 4,7 | 4,5 | 5,0 | 4,9 |
| ROE, % | 39,0 | 41,2 | 39,7 | 40,5 | 29,1 | 28,7 | 28,9 | 29,3 |
| Number of analysts included in consensus | 6 | 6 | 7 | 7 | 7 | 7 | 6 | 6 |
*ABG, Berenberg, Carnegie, Citigroup, DNB, JPM, SEB