The interim report summarizes Nordnet's financial performance for the first half of 2012. Key points include:
- Operating income and profit after tax decreased by 8% and 15% respectively compared to the first half of 2011.
- The number of active customers increased to 355,100, up from 330,400 in the same period last year, while the number of trades fell slightly to 7,027,800 from 7,275,400.
- Strategic priorities are to have the most satisfied customers, strengthen the Nordnet brand as the leading savings bank in the Nordic region, and improve profit levels.
Nordnet's interim report for the period January-September 2014.
Highlights from the third quarter:
- Launch of the social investing network Shareville
- The Super funds available on all Nordic markets
- Continued strong underlying growth of customers and net savings
Nordnet's interim report for the period january-june 2014.
Highlights from the second quarter:
- Launch of three no-fee Nordic Super funds
- Strengthening of pension operations in the Swedish market
- Stockbroker of the year in Denmark
Nordnet's interim report for the period January-March 2014.
Some events during Q1:
- High level of activity in the Nordic markets - number of trades was up by 17 %
- More than 400,000 savers on Nordnet's platform, with more than 500,000 accounts
- Build-out of sales foce in occupational pension on the Swedish market
Nordnet's interim report presentation for the period January -December 2013.
Some events during Q4:
- Strong underlying growth in Denmark and Finland
- Strong market activity and Nordic indices ATH
- The Boards of Directors suggests an increased dividend of SEK 0.85 per share (0.70)
Nordnet's interim report presentation for the period January -September 2013.
Some events during Q3:
- Highest savings capital ever, SEK 127 billion
- Profit more than doubled for the three-month period
- Digital sign up – become a customer simple and quick with mobile bank-ID
Bank 2.0: Så demokratiseras sparandet genom en social plattform, Jan Dinkelsp...Nordnet
Bank 2.0 konferens: Så demokratiseras sparandet genom en social plattform. Presentation av Jan Dinkelspiel, innovationschef på Nordnet om trender inom bank och finans.
Nordnet's interim report presentation for the period January-June 2013.
Events during Q2: Nordnet acquired the majority of the social investing network Shareville, Bank/Stockbroker of the Year in Denmark for the fifth consecutive year, removal of purchase and redemption fees on all funds on our Finnish platform.
Integrera mera! Johanna Snickars at NFI konferens Sociala Medier 2012Nordnet
Integrera mera - av Johanna Snickars, PR Manager.
Hur Nordnet integrerar sociala medier i sin kommunikation
Case: Styrkan i att integrera alla kanaler
Case: När man tappar kontrollen – krishantering i sociala medier
Facebook, Twitter, Pinterest – var skapas mest engagemang?
Den sociala banken – några ord om framtidens bankbransch
1. » swings in the market «
Interim report January – June 2012
2. 2
financial overview (january-june)
• Operating income decreased by 8 percent to SEK 498.3 million (541.7)
• Profit after tax fell by 15 percent to SEK 113.9 million (134.5)
• EPS before dilution were down by 15 percent to SEK 0.65 (0.77)
operating profit net savings total savings capital
145.5 (166.0) 5.6 (6.3) 96.0 (102.7)
million Swedish kronor billion Swedish kronor billion Swedish kronor
number of active customers number of trades cost coverage
355,100 (330,400) 7,027,800 (7,275,400) 96 (92)
Percent
3. 3
events (april-june)
• Decreased risk appetite among savers
• Retained flexibility on cost side
• Håkan Nyberg begins 9 August
• Private banking launched in Denmark
10. 10
3 months 3 months 6 months 6 months 12m rolling 12 months
Consolidated Income Statement (SEK million) apr-jun 2012 apr-jun 2011 jan-jun 2012 jan-jun 2011 jul-jun 2012 jan-dec 2011
Net interest income 132.3 139.3 269.6 272.9 544.0 547.3
Net commission income 80.6 92.5 187.7 225.4 422.6 460.3
Other income 20.5 19.8 40.9 43.4 74.2 76.7
Total operating income 233.4 251.6 498.3 541.7 1,040.8 1,084.2
General administrativ e expenses -141.2 -145.2 -276.9 -294.6 -550.8 -568.5
Depreciation and amortization -15.8 -17.6 -31.3 -36.2 -64.5 -69.3
Other operating expenses -11.6 -10.6 -21.7 -21.7 -54.1 -54.1
Total operating expenses -168.7 -173.4 -330.0 -352.5 -669.4 -691.9
Profit before credit losses 64.7 78.2 168.2 189.2 371.4 392.3
Net credit losses -11.8 -11.5 -22.8 -23.2 -40.5 -40.9
Operating profit 52.9 66.7 145.5 166.0 330.9 351.5
Tax on profit for the period -11.6 -11.0 -31.6 -31.6 -81.4 -81.3
Profit for the period 41.3 55.7 113.9 134.5 249.5 270.1
Earnings per share before dilution 0.24 0.32 0.65 0.77 1.43 1.54
11. 11
Consolidated Statement of Financial Position (SEK million) 30/06/2012 30/06/2011 31/12/2011
Loans to credit institutions 1,135 535 1,838
Loans to the public 4,977 5,657 4,630
Financial assets 5,802 4,690 5,172
Financial assets - policy holders bearing the risk 18,043 19,338 16,463
Tangible and intangible assets 527 568 546
Other assets 524 310 413
Total assets 31,008 31,098 29,062
Deposits and borrowing by the public 10,571 9,809 10,708
Liabilities to policyholders 18,044 19,340 16,465
Other liabilities 958 649 460
Shareholders' equity 1,436 1,300 1,429
Total liabilities and shareholders' equity 31,008 31,098 29,062
12. 12
Capital requirements for the financial conglomerate (SEK million) 30/06/2012 30/06/2011 31/12/2011
Shareholder's equity, Group 1,394.3 1,300.0 1,429.3
Plus debenture loan 175.7 175.7 175.7
Less assumed div idend for the current financial year -29.0 -53.8 -113.8
Less intangible fixed assets and deferred tax receiv ables -495.5 -536.5 -513.3
Capital base 1,045.5 885.4 977.9
Capital requirement for regulated units within the banking and securities sector 499.7 488.9 465.8
Theoretical solv ency requirement for non-regulated units in the largest financial sector 2.1 2.1 1.6
Capital requirement for regulated units within the insurance sector 30.7 25.9 26.0
Capital requirement 532.5 516.9 493.4
Capital surplus 513.0 368.5 484.5
Capital coverage ratio 1.96 1.71 1.98
13. 13
strategic priorities
• Most satisfied customers
• Strong brand leading bank for
savings in the
nordic region
• Improved profit levels