2. Financial overview
July – September 2015
• Revenue increased by 13 percent to SEK 293.8 million (260.9)
• Profit after tax increased by 26 percent to SEK 75.7 million (60.1)
• Earnings per share were up by 26 percent to SEK 0.43 (0.34)
January – September 2015
• Revenue increased by 15 percent to SEK 923.8 million (801.3)
• Profit after tax increased by 37 percent to SEK 269.6 million (196.6)
• Earnings per share were up by 37 percent to SEK 1.55 (1.12)
3. Highlights from Q3 2015
• Eventful period in the stock market with a high transaction level
• The most satisfied savers in the Danish and Finnish markets
• +50,000 customers in Denmark
5. Net savings and savings capital (SEK billion)
In relation to savings capital at the end of September 2014, net savings for the
past 12 months correspond to 10 percent.
0,0
1,0
2,0
3,0
4,0
5,0
6,0
7,0
8,0
9,0
0
50
100
150
200
250
Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15
Netsavings
Savingscapital
Net savings Savings capital
11. Nordnet in the Nordics (Jan-Sep 2015)
Savings capital (SEK billion)
Revenue (SEK million) Operating profit (SEK million)
Customers
NO, DK, FI
share of
total 47%
NO, DK, FI
share of
total 51%
NO, DK, FI
share of
total 38%
NO, DK, FI
share of
total 44%
98
18
31
39
SE
NO
DK
FI
234 000
68 600
50 500
122 900 SE
NO
DK
FI
207,8
22,4
66,5
38,7
SE
NO
DK
FI
515,4
113,8
150,7
144,0
SE
NO
DK
FI
12. Income statement (SEK million)
3 months 3 months 9 months 9 months 12 m rolling 12 months
Consolidated Income Statement (SEK million) Jul-Sep 2015 Jul-Sep 2014 Jan-Sep 2015 Jan-Sep 2014 Aug-Sep 2015 Jan-Dec 2014
Net interest income 101.2 120.7 317.9 364.4 432.2 478.6
Net commission income 147.9 109.9 459.9 344.5 593.6 478.2
Other income 44.7 30.3 145.9 92.4 182.5 129.1
Total operating income 293.8 260.9 923.8 801.3 1,208.3 1,085.8
General administrative expenses -159.5 -145.7 -466.7 -439.0 -618.14 -590.7
Depeciation and amortization -20.1 -19.8 -59.4 -55.7 -74.7 -71.0
Other operating expenses -8.2 -10.0 -30.7 -32.7 -42.0 -44.1
Total operating expenses -187.9 -175.5 -556.8 -527.4 -735.1 -705.8
Profit before credit losses 105.9 85.4 367.0 273.9 437.2 380.1
Net credit losses -8.0 -10.1 -31.6 -32.5 -42.1 -43.1
Operating profit 97.9 75.3 335.4 241.4 431.1 337.0
Tax on profit for the period -22.1 -15.1 -65.8 -44.8 -81.3 -60.3
Profit for the period 75.7 60.1 269.6 196.6 349.8 276.6
Earnings per share before dilution 0.43 0.34 1.55 1.12 2.00 1.58
13. Balance sheet (SEK million)
Consolidated Balance Sheet (SEK million) 30/09/2015 30/09/2014 31/12/2014
Assets
Loans to credit institutions 538.0 929.6 987.5
Loans to the general public 7,255.6 6,220.5 5,785.6
Financial assets at fair value 13.0 62.5 8.7
Financial assets avalibale for sale 14,448.5 10,992.4 12,094.6
Financial assets held to maturity 3,381.7 - -
Financial assets - policy holders bearing the risk 33,965.1 28,339.0 28,868.5
Tangible and intangible assets 434.1 470.2 466.5
Current tax assets 77.8 46.4 -
Other assets 3,124.4 2,795.1 1,770.3
Prepaid expenses and accrued income 160.8 207.7 144.7
Total assets 63,399.1 50,063.6 50,126.5
Liabilities
Deposits and borrowing by the public 20,113.3 14,901.2 16,500.3
Liabilities to policyholders 33,966.1 28,339.8 28,869.3
Other liabilities 7,499.6 5,142.6 3,005.7
Total liabilities 61,579.0 48,383.6 48,375.3
Equity
Share capital 175.0 175.0 175.0
Other capital contributions 471.3 471.3 471.8
Other provisions -88.3 -54.3 -64.8
Accrued profit including profit for the period 1,258.1 1,084.1 1,165.5
Total shareholders' equity attributable to shareholders of the Parent Company 1,816.2 1,676.0 1,747.6
Non-controlling interest 3.9 3.9 3.5
Total equity 1,820.1 1,680.0 1,751.1
Total liabilities and equity 63,399.1 50,063.6 50,126.5
14. Capital requirement (SEK million)
Capital requirements for the financial conglomerate (SEK million) 30/09/2015 30/09/2014 31/12/2014
Total equity, Group 1,820.1 1680 1,751.1
Less, profit that have not been subject to audit - -196.6 -
Subordinated liablities - 140.6 140.6
Requirements for prudent valuation -14.5 - -12.1
Less expected dividend for current year -162.4 - -175.0
Less intangible fixed assets and deferred tax receivables -405.6 -437.5 -434.3
Capital base 1,237.7 1,186.5 1,270.3
Risk exposures
Exposure credit risk 5,414.3 5,113.3 5,650.2
Exposure market risk 14.6 38.6 18.1
Exposure operational risk 1,676.9 1,888.6 1,888.6
Exposure other risks 427.4 417.3 402.7
Total exposure 7,533.1 7,457.8 7,959.6
Capital ratio 16.4% 15.9% 16.0%
15. Next at Nordnet
• Continue to execute on our growth
strategy
• Focus on enhanced user experience
• Continue to market and product develop
around lending products
16. Contact us
More information: nordnetab.com
Become a customer: nordnet.se/no/dk/fi
Social network investing: shareville.se/no/dk/fi
Follow: nordnetbloggen.se / Twitter @CEONordnet