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
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 9th of November 2021, based on maximum 8 analysts* estimates.
| Consensus | Median | Consensus | Median | Consensus | Median | Consensus | Median | |
|---|---|---|---|---|---|---|---|---|
| Q4e | Q4e | 2021e | 2021e | 2022e | 2022e | 2023e | 2023e | |
| Net commission income - transaction related | 431 | 414 | 2,157 | 2,145 | 1,772 | 1,757 | 1,869 | 1,921 |
| Net commission income - non transaction related | 134 | 134 | 498 | 503 | 574 | 572 | 637 | 626 |
| Net interest income | 186 | 185 | 719 | 720 | 784 | 773 | 848 | 840 |
| Net result of financial transactions | 0 | 0 | 14 | 15 | 0 | 0 | 0 | 0 |
| Other operating income | 32 | 31 | 129 | 133 | 103 | 97 | 108 | 95 |
| Operating income | 783 | 763 | 3,518 | 3,515 | 3,234 | 3,199 | 3,462 | 3,482 |
| Operating expenses | -303 | -301 | -1,145 | -1,143 | -1,206 | -1,198 | -1,255 | -1,243 |
| Profit before credit losses | 480 | 462 | 2,373 | 2,373 | 2,029 | 2,001 | 2,207 | 2,239 |
| Net credit losses | -11 | -9 | -36 | -33 | -41 | -39 | -46 | -41 |
| Operating profit | 469 | 453 | 2,337 | 2,339 | 1,987 | 1,962 | 2,161 | 2,198 |
| Tax | -76 | -79 | -432 | -434 | -352 | -348 | -381 | -370 |
| Profit after tax | 393 | 374 | 1,905 | 1,905 | 1,636 | 1,614 | 1,780 | 1,828 |
| EPS, SEK | 1.6 | 1.6 | 7.5 | 7.5 | 6.4 | 6.5 | 7.0 | 7.2 |
| DPS, SEK | N/A | N/A | 5.7 | 5.4 | 4.7 | 4.6 | 5.1 | 5.1 |
| ROE, % | 31.6 | 31.7 | 41.3 | 41.5 | 29.9 | 30.5 | 30.0 | 29.5 |
| Number of analysts included in consensus | 7 | 7 | 8 | 8 | 8 | 8 | 7 | 7 |
*ABG, Berenberg, Bernstein Autonomous, Carnegie, Citigroup, DNB, JPM, SEB