Analysts & Consensus.
Analysts
ABG Sundal Collier: Patrik Brattelius
Phone: +46 8 566 286 64
Email: patrik.brattelius@abgsc.se
Barclays: Michael Sanderson
Phone: +44 (0)203 134 2487
Email: michael.sanderson@barclays.com
Berenberg: Christoph Greulich
Phone: +44 (0) 782 791 0354
Email: christoph.greulich@berenberg.com
Bernstein Autonomous: Ian White
Phone: +44 (0) 207 776 3446
Email: iwhite@autonomous.com
BNP Paribas Exane: Nicolas Vaysselier
Phone: +44 203 430 8600
Email: nicolas.vaysselier@uk.bnpparibas.com
Citi: Andrew Lowe
Phone: +44 (0) 207 986 4042
Email: andrew.lowe@citi.com
Danske Bank: Kristin Dahlberg
Phone: +46 8 568 805 68
Email: kristin.dahlberg@danskebank.se
DNB Carnegie: Ermin Keric
Phone: +46 8 5886 8548
Email: ermin.keric@carnegie.se
Handelsbanken: Martin Ekstedt
Phone: +46 722 218 625
Email: martin.ekstedt@handelsbanken.se
JP Morgan: Enrico Bolzoni
Phone: +44 789 704 9857
Email: enrico.bolzoni@jpmorgan.com
Pareto Securities: Filip Henriksson
Phone: +46 840 252 84
Email: filip.henriksson@paretosec.com
SEB: Jacob Hesslevik
Phone: +46 704 622 237
Email: jacob.hesslevik@seb.se
UBS: Michael Macnaughton
Phone: +44 207 567 1591
Email: michael.macnaughton@ubs.com
Consensus estimates
Our latest consensus is available to download here.
| SEK million | Q2 2025 | FY 2025 | FY 2026 | FY 2027 |
| Net commission income | 722 | 2,977 | 3,167 | 3,616 |
| Net interest income | 567 | 2,233 | 2,227 | 2,515 |
| Net financial transactions | - | 2 | - | - |
| Other income | 11 | 32 | 48 | 60 |
| Adjusted total income | 1 275 | 5,232 | 5,463 | 6,170 |
| Adjusted operating expenses | (402) | (1,625) | (1,773) | (1,918) |
| Adjusted operating profit | 868 | 3,595 | 3,670 | 4,190 |
| Statutory operating profit | 868 | 3,595 | 3,670 | 4,190 |
| Statutory net profit | 704 | 2,921 | 3,010 | 3,394 |
| Earnings per share before dilution (SEK) | 2.77 | 11.49 | 11.96 | 13.69 |
| Adjusted earnings per share before dilution (SEK) | 2.75 | 11.38 | 11.85 | 13.60 |
| Dividend per share (SEK) | 8.06 | 8.23 | 9.38 | |
| Return on equity (%) | 39.6% | 38.8% | 41.5% |
The numbers in the table are the median values of the analysts’ estimates
Date: 2025-05-14
Contributors: ABG, Barclays, BNP Paribas Exane, DNB Carnegie, Citi, Danske Bank, Handelsbanken, JP Morgan, Pareto Securities, SEB, UBS