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)

1. January – December 2013
January 30, 2014
» Report presentation «

2. financial overview
January – December 2013
• Operating income increased by 5 percent to SEK 989.0 million (938.4)
• Profit after tax increased by 24 percent to SEK 233.8 million (188.9)
• EPS before dilution were up by 24 percent to SEK 1.34 (1.08)
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October – December 2013
• Operating income increased by 16 percent to SEK 263.5 million (227.7)
• Profit after tax increased by 20 percent to SEK 63.7 million (53.0)
• EPS before dilution were up by 20 percent to SEK 0.36 (0.30)

3. • Strong underlying growth in Denmark and Finland
• Strong market activity and Nordic indices ATH
• The Board of Directors suggests an increased dividend of SEK 0.85
per share (0.70)
events Q4
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nordnet.dk nordnet.fi

4. customers and accounts
accounts/customer (Q4 2013): 1.24
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12M: 28,100 / 8%
12M: 43,500 / 10%
0
100,000
200,000
300,000
400,000
500,000
600,000
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13
Active customers Active accounts

5. savings capital and net savings (SEK billion)
5
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
0
20
40
60
80
100
120
140
160
2009 2010 2011 2012 2013
netsavings
savingscapital
Net savings Savings capital
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0
20
40
60
80
100
120
140
160
Q1
12
Q2
12
Q3
12
Q4
12
Q1
13
Q2
13
Q3
13
Q4
13
netsavings
savingscapital
Net savings Savings capital
quarter 5 year overview
net savings 12M: SEK 8.7 billion

6. 3,973
3,055
2,841 2,871
3,531
3,075
3,283
3,677
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13
trades (thousands)
6
12M: 13,566

7. lending (SEK billion)
7
3.5
2.9 2.9 2.9
3.2 3.0 3.1 3.3
1.7
1.7 1.7 1.8
1.9 2.0 2.0
2.1
0.0
1.0
2.0
3.0
4.0
5.0
6.0
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13
Margin lending Private loans

8. 137 132 126 126 119 120 120 124
107
81
79 77 101 91 100
111
20
21
8
25
24
28
23
29
0
50
100
150
200
250
300
Q1 12 Q2 12 Q3 12 Q412 Q113 Q213 Q313 Q4 13
Net interest income Net commission income Other income
revenue development (SEK million)
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operating income 12M: SEK 989 million

9. 172
181 179 179
174 170 171
180
0
20
40
60
80
100
120
140
160
180
200
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13
cost development (SEK million incl. credit losses)
9
12M: SEK 695 million

10. 93
53
33
49
70
68
72
84
0%
5%
10%
15%
20%
25%
30%
35%
40%
0
10
20
30
40
50
60
70
80
90
100
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13
Operating profit Operating margin
operating profit (SEK million)
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operating profit 12M: SEK 294 million

11. income statement (SEK million)
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3 months 3 months 12 months 12 months
Consolidated Income Statement (SEK million) Oct-Dec 2013 Oct-Dec 2012 Jan-Dec 2013 Jan-Dec 2012
Net interest income 124.2 125.5 482.4 520.6
Net commission income 110.6 77.3 403.3 344.2
Other income 28.7 24.8 103.2 73.6
Total operating income 263.5 227.7 989.0 938.4
General administrative expenses -144.0 -140.8 -549.8 -562.3
Depeciation and amortization -17.0 -16.1 -66.5 -63.2
Other operating expenses -10.5 -9.9 -39.9 -41.1
Total operating expenses -171.5 -166.8 -656.2 -666.5
Profit before credit losses 92.0 60.9 332.8 271.9
Net credit losses -8.5 -12.2 -38.8 -44.7
Operating profit 83.6 48.7 294.0 227.2
Tax on profit for the period -19.8 4.3 -60.2 -38.3
Profit for the period 63.7 53.0 233.8 188.9
Earnings per share before dilution 0.36 0.30 1.34 1.08

12. balance sheet (SEK million)
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Consolidated Statement of Financial Position (SEK million) 31/12/2013 31/12/2012
Loans to credit institutions 967.6 1465.0
Loans to the public 5,455.5 4737.3
Financial assets 7,645.7 5388.0
Financial assets - policy holders bearing the risk 23,764.9 18961.7
Tangible and intangible assets 480.7 507.1
Current tax assets 99.9 7.2
Other assets 1,141.0 213.9
Prepaid expenses and accrued income 138.9 111.8
Total assets 39,694.2 31,391.9
Deposits and borrowing by the public 12,898.6 10,487.7
Liabilities to policyholders 23,765.6 18,962.3
Other liabilities 1,404.7 427.9
Shareholders' equity 1,621.0 1514.0
Non-controlling interest 4.4 -
Total equtity 1,625.4 1514.0
Total liabilities and equity 39,694.2 31391.9

13. capital coverage (SEK million)
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Capital requirements for the financial conglomerate (SEK million) 31/12/2013 31/12/2012
Total equity, Group 1,625.4 1,514.0
Plus subordinated liablities 175.7 175.7
Less suggested/assumed dividend for current year -148.8 -122.5
Less intangible fixed assets and deferred tax receivables -447.4 -475.3
Capital base 1,205.0 1,091.9
Capital requirement for regulated units within the banking
and securities sector 549.2 444.2
Theoretical solvency requirement for non-regulated units in
the largest financial sector 0.8 0.8
Capital requirement for regulated units within the insurance
sector 32.6 32.2
Capital requirement 582.6 477.2
Capital surplus 622.4 614.7
Capital coverage ratio 2.07 2.29

14. looking ahead
• Prioritizing growth on all markets
• Social investing
• Innovation
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16. more information:
nordnetab.com
become a customer:
nordnet.se/no/dk/fi
follow:
nordnetbloggen.se
Twitter @CEONordnet
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