Key data Nordnet

Financials

Financials.

Reports

Here you find all our interim reports, annual reports and presentations. You can also download our Excel sheet with financial data and key figures.

Download Nordnet's monthly statistics in Excel here. Our latest company presentation is available to download here.

 ReportPresentationAudio/VideoCapital AdequacyKey data
Jan - Jun Interim reportFileFileFileFileFile
Jan - Mar Interim reportFileFileFileFile

Financial targets

This section presents Nordnet's medium-term financial targets.

  • Around 15 percent annual customer growth.
  • Average savings capital per customer (defined as average quarterly savings capital per customer over the last twelve months) of around SEK 450,000.
  • Income in relation to savings capital (defined as adjusted revenues in the last twelve months divided by the average quarterly savings capital over the same period) of around 0.45 percent.
  • Yearly increase of adjusted operating expenses of around 5 percent.
  • Nordnet intends to paying dividends 70 percent of net profit for the year.

Financial overview

Consolidated income statement, SEK million 2021 2020 2019 2018 2017
Net commission income 2,730 2,021 940 870 803
Net interest income 717 604 498 378 386
Net result of financial transactions 18 -14 66  4 0
Other operating income 164 69 70 59 55
Operating income 3,628 2,679 1,573 1,310 1,244
General administrative expenses -918 -992 -948 -950 -865
Depreciation, amortization and impairments -163 -158 -174 -106 -90
Other operating expenses -61 -44 -40 -78 -53
Operating expenses -1,141 -1,193 -1,162 -1,133 -1,009
Net credit losses -36 -39 -34 -36 -35
Operating profit 2,451 1,447 377 141 200
Tax -467 -274 -38 -23 -33
Net profit 1,985 1,173 339 118 167
Earnings per share before dilution, (SEK) 7.79 4.55 1.25 0.47 0.67
Earnings per share after dilution, (SEK) 7.75 4.55 1.25 0.47 0.67
Items affecting comparability, income 66
Items affecting comparability, expenses -129 -65 -16 -45
Adjusted operating expenses before credit losses -1,141 -1,064 -1,097 -1,117 -964
Adjusted operating profit 2,451 1,576 377 157 245
Adjusted earnings per share pre amortization of intangible assets due to PPA before dilution (SEK) 7.90 5.10 1.37 0.64 0.95
Adjusted earnings per share pre amortization of intangible assets due to PPA after dilution (SEK) 7.86 5.10 1.37 0.64 0.95

Key figures

2021 2020 2019 2018 2017
Adjusted operating income in relation to savings capital - rolling 12 months % 0.53% 0.60% 0.44% 0.44% 0.49%
Adjusted operating expenses in relation to savings capital - rolling 12 months % 0.17% 0.24% 0.32% 0.38% 0.38%
Operating margin % 68% 54% 24% 11% 16%
Adjusted operating margin % 68% 59% 25% 12% 20%
Cost/income % 31% 45% 74% 86% 81%
Adjusted cost/income % 31% 40% 73% 85% 77%
Profit margin % 55% 44% 22% 9% 13%
Return on equity % 44% 37% 13% 7% 10%
Adjusted return on equity % 44% 40% 13% 7% 10%
Adjusted return on equity excl intangible assets % 56% 57% 21% 10% 14%
Customers 1,601,000 1,221,500 913,600 765,200 669,300
Annual customer growth % 31% 34% 19% 14% 18%
Net savings (SEK billion) 83.4 82.2 20.9 23.5 17.3
Savings ratio % 15% 21% 7% 9% 7%
Savings capital (SEK billion) 802 565 395 286 272
of which shares/derivatives/bonds 573 404 268 185 179
of which funds 154 100 82 57 59
of which deposits 74 60 45 43 34
Average savings capital per customer - 12 months rolling (SEK) 477,000 415,900 409,100 411,800 414,900
Lending (SEK billion) 25.4 19.7 15.6 13.7 11.4
of which margin lending [1] 12.4 9.2 7.1 5.6 5.3
of which mortgages 8.9 6.5 4.5 2.4 2.4
of which personal loans 4.1 4.0 4.1 3.7 3.7
Investments in tangible assets (SEK million) 46 12 46 84 29
Investments in intangible assets excl. company acquisitions (SEK million) 121 93 91 112 88
Number of full-time equivalents at end of period 648 571 494 494 465

[1] Lending excluding pledged cash and equivalents.

Nordnet Additional Tier 1 Capital

AT1 2019

Nordnet AB (publ) has 2019-03-14 issued Additional Tier 1 Capital (AT1) amounting to SEK 500 million. The bond is perpetual, with a first call date after five years. The interest rate is 3 months Stibor + 6.75 percent. The instruments will be listed at Nasdaq Stockholm.

Read more about the bond in the presentation and terms.

Prospect
Nordnet AB (publ) prospect
Approval of prospect

Annual reports

Year Company Organisation number
2018* Nordnet AB (publ) 559073-6681
2017** NNB Intressenter AB (in Swedish) 559073-6681

* Refers to Nordnet AB (publ), changed name from NNB Intressenter AB, org. reg. no.: 559073-6681
** Refers to NNB Intressenter AB, org. reg. no.: 559073-6681

AT1 2021

Nordnet AB (publ) has 2021-11-16 issued Additional Tier 1 Capital (AT1) amounting to SEK 600 million. The bond is perpetual, with a first call date after five years. The interest rate is 3 months Stibor + 3.90 percent. The instruments will be listed at Nasdaq Stockholm.

Read more about the bond in the presentation and terms.

Prospect
Nordnet AB (publ) prospect
Approval of prospect

Annual reports

Year Company Organisation number
2020 Nordnet AB (publ) 559073-6681