Sweden · Delayed Price · Currency is SEK Nordnet AB Earnings Call Transcripts
Fiscal Year 2026
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Record profit before tax and revenues were achieved, driven by strong customer growth, high net savings, and robust deposit inflows. Strategic investments in AI and proprietary funds supported engagement, while cost discipline and capital strength position the business for continued expansion.
Fiscal Year 2025
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Strong customer and savings growth drove record trading and fund business results, despite lower net interest income from rate cuts. Expansion into Germany and product innovation, including AI and private banking, position the company for continued growth in 2026.
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Q3 2025 saw strong customer and savings growth, record cross-border trading, and resilient revenues despite lower net interest income. Operating leverage and diversified revenue streams supported profit growth, while capital and liquidity remained robust, enabling ongoing share buybacks.
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Revenue and profit remained stable year-on-year, with strong customer and trading growth offsetting lower net interest income. Investments in product development, private banking, and new markets continue, supported by robust capital and liquidity.
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Record revenue and profit in Q1 2025 driven by strong fund and brokerage growth, high trading activity, and robust customer inflows. Operating expenses rose due to increased marketing, but cost guidance remains unchanged. Capital position is strong, supporting dividends and buybacks.
Fiscal Year 2024
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Record revenue and profit were achieved in Q4 and for the full year, driven by strong customer and net savings growth, robust fund and trading performance, and successful product launches. The company announced entry into Germany in 2026, with increased marketing and investment to support expansion and updated medium-term growth targets.
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Customer base surpassed two million with record growth, revenues and profits rose 6% year-over-year, and fund capital expanded 42%. Stable NII outlook, strong cost control, and a SEK 500 million share buyback were highlighted, alongside new product launches and robust capital position.
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All-time high revenue and profit were achieved, driven by strong trading and fund growth, with customer and savings capital reaching record levels. Operating leverage remains high, cost growth is under control, and capital ratios are robust. Share buybacks and new product initiatives are set to support future growth.