Nordnet AB (publ) – interim report January-March 2024

Nordnet today publishes its interim report for the first quarter 2024. The full report is available at www.nordnetab.com

– From a financial perspective, we conclude the strongest quarter in Nordnet’s history. The combination of a consistently growing business, high activity among savers and a favorable macro climate resulted in an operating profit of SEK 884 million, a new all-time high. The SEK 1,263 million of revenue marks a new all-time high with strong growth across all business areas, says Lars-Åke Norling, CEO of Nordnet.

– The savers were influenced by the positive momentum in the stock market during the quarter with Nordnet’s customers making 13,4 million trades, which is an increase versus the previous quarter. The savings capital reached record level of SEK 905 billion at the end of March. This number is a result of both rising markets and notably higher levels of net savings which amounted to almost SEK 19 billion in the quarter. To put that number into perspective we can look at Norway where our customers had a higher level of net savings this quarter than the entire year of 2023, says Lars-Åke Norling, CEO of Nordnet.

Highlights during the quarter

  • A strong financial quarter with income and operating profit at new record highs and continued growth in all business areas.
  • Positive net savings and good customer growth.
  • Strong performance in the fund business with high net buying of Nordnet’s own funds.
  • Continued growth in net interest income as a result of higher interest rates and loan growth.
  • Good cost control – full-year expenses are expected to be in line with financial targets.
  • Strong capital situation – AT1 capital repurchased and share buyback process is ongoing.

Financial results in brief, January-March 2024 (January-March 2023)

  • Adjusted operating profit SEK 884 (794) million
  • Operating income SEK 1,236 (1,134) million
  • Adjusted operating expenses SEK -353 (-320) million
  • Earnings per share after dilution SEK 2,74 (2,49)

Presentation to analysts, shareholders and the media

CEO Lars-Åke Norling and CFO Lennart Krän will present the report and answer questions on Tuesday 23 April 2024 at 10.00 a.m. CEST via Zoom. The presentation will be held in English and can be followed here.


This disclosure contains information that Nordnet is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 23-04-2024 08:00 CET.

For more information, please contact:

Johan Tidestad, Chief Communications Officer
johan.tidestad@nordnet.se, +46 708 875 775

Marcus Lindberg, Head of Investor Relations
marcus.lindberg@nordnet.se, +46 764 923 128

Nordnet is a pan-Nordic leading digital platform for savings and investments. Through innovation, simplicity and transparency, we challenge traditional structures, and give private savers access to the same information, tools and services as professionals. Visit us at www.nordnetab.com, www.nordnet.se, www.nordnet.no, www.nordnet.dk or www.nordnet.fi.