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: Haley Tam
Phone: +44 207 567 6176
Email: haley.tam@ubs.com

Consensus estimates

Our latest consensus is available to download here.

SEK million	Q3 2025	FY 2025	FY 2026	FY 2027
Net commission income	743	2,976	3,265	3,713
Net interest income	572	2,311	2,284	2,563
Net financial transactions	-	(4)	-	-
Other income	10	39	48	55
Adjusted total income	1,324	5,332	5,576	6,333
Adjusted operating expenses	(403)	(1,624)	(1,772)	(1,913)
Adjusted operating profit	916	3,698	3,812	4,413
Statutory operating profit	916	3,698	3,812	4,413
Statutory net profit	749	3,004	3,096	3,589
Earnings per share before dilution (SEK)	2.94	11.82	12.32	14.30
Adjusted earnings per share before dilution (SEK)	2.95	11.83	12.17	14.14
Dividend per share (SEK)		8.34	8.75	9.46
Return on equity (%)		40.7%	39.1%	40.9%

The numbers in the table are the median values of the analysts’ estimates

Date: 2025-10-10

Contributors: ABG, Autonomous, Barclays, Berenberg, BNP Paribas, Citi, Danske Bank, DNB Carnegie, JP Morgan, Pareto Securities, SEB, Handelsbanken, UBS

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