Nordnet Additional Tier 1 Capital (AT1)
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.
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
Financial overview
| Consolidated income statement, SEK million | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Net comission income | 2,021 | 940 | 870 | 803 | 590 |
| Net Interest income | 604 | 498 | 378 | 386 | 403 |
| Net result of financial transactions | 14 | 66 | 4 | 0 | 152 |
| Other operating income | 69 | 70 | 59 | 55 | 51 |
| Operating income | 2,679 | 1,573 | 1,310 | 1,244 | 1,196 |
| General administrative expenses | -992 | -948 | -950 | -865 | -668 |
| Depreciation, amortization and impairments | -158 | -174 | -106 | -90 | -83 |
| Other operating expenses | -44 | -40 | -78 | -53 | -48 |
| Operating expenses | -1,193 | -1,162 | -1,133 | -1,009 | -799 |
| Net credit losses | -39 | -34 | -36 | -35 | -29 |
| Operating profit | 1,447 | 377 | 141 | 200 | 368 |
| Tax | -274 | -38 | -23 | -33 | -71 |
| Net profit | 1,173 | 339 | 118 | 167 | 297 |
| Earnings per share before and after dilution, (SEK) | 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 | -1,064 | -1,097 | -1,117 | -964 | -799 |
| Adjusted operating profit | 1,576 | 377 | 157 | 245 | 368 |
| Adjusted earnings per share pre amortization of intangible assets due to PPA before and after dilution (SEK) | 5,10 | 1,37 | 0,64 | 0,95 |
Key figures
| 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|
| Adjusted operating income in relation to savings capital - rolling 12 months % | 0.60% | 0.44% | 0.44% | 0.49% | 0.56% |
| Adjusted operating expenses in relation to savings capital - rolling 12 months % | 0.24% | 0.32% | 0.38% | 0.38% | 0.38% |
| Operating margin % | 54% | 24% | 11% | 16% | 31% |
| Adjusted operating margin % | 59% | 25% | 12% | 20% | 31% |
| Cost/income % | 45% | 74% | 86% | 81% | 67% |
| Adjusted cost/income % | 40% | 73% | 85% | 77% | 67% |
| Profit margin % | 44% | 22% | 9% | 13% | 25% |
| Return on equity (annulized) % | 33% | 12% | 6% | 8% | 16% |
| Adjusted return on equity (annulized) % | 35% | 12% | 7% | 10% | 16% |
| Adjusted return on equity excl intangible assets (annulized) % | 48% | 18% | 10% | 14% | 22% |
| Customers | 1,221,500 | 913,600 | 765,200 | 669,300 | 566,800 |
| Annual customer growth % | 34% | 19% | 14% | 18% | 16% |
| Net savings (SEK billion) | 82.2 | 20.9 | 23.5 | 17.3 | 14.3 |
| Savings ratio % | 21% | 7% | 9% | 7% | 7% |
| Savings capital (SEK billion) | 565 | 395 | 286 | 272 | 235 |
| of which shares/derivatives/bonds | 404 | 268 | 185 | 179 | 159 |
| of which funds | 100 | 82 | 57 | 59 | 47 |
| of which deposits | 60 | 45 | 43 | 34 | 29 |
| Average savings capital per customer - 12 months rolling (SEK) | 415,900 | 409,100 | 411,800 | 414,900 | 403,300 |
| Lending (SEK billion) | 19.7 | 15.6 | 13.7 | 11.4 | 9.2 |
| of which margin lending [1] | 9.2 | 7.1 | 5.6 | 5.3 | 5.1 |
| of which mortgages | 6.5 | 4.5 | 4.2 | 2.4 | 0.9 |
| of which personal loans | 4.0 | 4.1 | 4.0 | 3.7 | 3.2 |
| Investments in tangible assets (SEK million) | 12 | 46 | 84 | 29 | 10 |
| Investments in intangible assets excl. company acquisitions (SEK million) | 93 | 91 | 112 | 88 | 49 |
| Number of full-time equivalents at end of period | 571 | 494 | 494 | 465 | 410 |
[1] Lending excluding pledged cash and equivalents.