Analysts & Consensus.
Analysts
ABG Sundal Collier: Patrik Brattelius
Phone: +46 8 566 286 64
Email: patrik.brattelius@abgsc.se
Barclays: Alex Medhurst
Phone: +44 (0)203 555 0709
Email: alexander.medhurst@barclays.com
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: Andrew Lowe
Phone: +44 (0) 207 986 4042
Email: andrew.lowe@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
Morgan Stanley: Panos Ellinas
Phone: +44 207 425 1173
Email: panos.ellinas@morganstanley.com
Nordea: Rickard Strand
Phone: +46 101 570 722
Email: rickard.strand@nordea.com
SEB: Jacob Hesslevik
Phone: +46 704 622 237
Email: jacob.hesslevik@seb.se
Consensus estimates
Our latest consensus is available to download here.
| SEK million | Q3 2023 | FY 2023 | FY 2024 | FY 2025 |
| Net commission income | 451 | 1,876 | 2,081 | 2,248 |
| Net interest income | 670 | 2,596 | 2,558 | 2,521 |
| Net financial transactions | - | (5) | - | - |
| Other income | 13 | 63 | 83 | 90 |
| Adjusted total income | 1,138 | 4,527 | 4,730 | 4,827 |
| Adjusted operating expenses | (321) | (1,297) | (1,373) | (1,449) |
| Adjusted operating profit | 796 | 3,153 | 3,278 | 3,306 |
| Statutory operating profit | 796 | 3,153 | 3,278 | 3,306 |
| Statutory net profit | 652 | 2,585 | 2,687 | 2,710 |
| Earnings per share before dilution (SEK) | 2.49 | 9.92 | 10.52 | 10.64 |
| Adjusted earnings per share before dilution (SEK)* | 2.51 | 10.00 | 10.35 | 10.49 |
| Dividend per share (SEK) | 7.26 | 7.52 | 7.60 | |
| Return on equity (%)** | 41.0% | 36.1% | 33.0% |
The numbers in the table are the median values of the analysts’ estimates
Date: 2023-08-21
Contributors: ABG, Carnegie, Citi, DNB, JP Morgan, Morgan Stanley, Nordea, SEB
*Adjusted earnings per share pre amortization of intangible assets due to PPA before dilution (SEK)
**Last twelve months