First quarter 2024 compared to first quarter 2023
- Operating income increased by 10 per cent to
SEK 951 million . Net interest income rose, mainly due to higher market interest rates. Fund commissions and net currency-related income were also higher. Net brokerage income and other income decreased - Operating expenses increased by 5 per cent to
SEK 303 million , mainly due to higher personnel costs - Operating profit amounted to
SEK 647 million , an increase of 12 per cent - Profit for the period was
SEK 555 million , an increase of 11 per cent - Earnings per share before dilution amounted to
SEK 3.53 , an increase of 10 per cent - The Annual General Meeting on 11 April resolved to re-elect the Chairman of the Board and all board members with the exception of Catharina Eklöf,
Hans Toll and Sofia Sundström, who declined re-election.John Hedberg was elected as Deputy Chairman of the Board.Julia Haglind and Lisa Åberg were elected as new board members. It was resolved to pay a dividend ofSEK 11.50 per share, as proposed, corresponding to 91 per cent of profit for 2023
Events during the quarter
Gustaf Unger was appointed and took over as CEO of Avanza- The option to place orders via Nasdaq’s Nordic@Mid Darkpool directly through the platform was added. Trading via darkpools had previously been available mainly to institutional customers
- Avanza ranked in the top 100 on Equileap’s gender equality list of companies in 27 countries
Quote from
”We begin the second quarter with a positive sentiment and with a strong quarter behind us. The stock market performed well in several markets in the first quarter, leading to increased customer activity and continued high net inflows of
Q1 | Q4 | Change | Q1 | Change | ||
2024 | 2023 | % | 2023 | % | ||
Operating income, SEK m | 951 | 882 | 8 | 868 | 10 | |
Operating expenses, SEK m | –303 | –306 | –1 | –289 | 5 | |
Operating profit, SEK m | 647 | 580 | 12 | 579 | 12 | |
Profit for the period, SEK m | 555 | 499 | 11 | 501 | 11 | |
Earnings per share before dilution, SEK | 3.53 | 3.18 | 11 | 3.20 | 10 | |
Operating margin, % | 68 | 66 | 2 | 67 | 1 | |
Return on shareholders' equity, % | 36 | 36 | 0 | 38 | –2 | |
Net inflow, SEK m | 22,000 | 18,100 | 22 | 17,000 | 29 | |
No. of new customers (net) | 49,800 | 27,900 | 79 | 41,100 | 21 | |
No. of customers at the end of the period | 1,950,800 | 1,901,100 | 3 | 1,817,800 | 7 | |
Savings capital at the end of the period, SEK m | 858,900 | 781,700 | 10 | 715,700 | 20 | |
Income to savings capital ratio, % | 0.46 | 0.47 | –0.01 | 0.50 | –0.04 | |
Costs to savings capital ratio, % | 0.15 | 0.16 | –0.02 | 0.17 | –0.02 |
A webcast presentation will be held by
This Interim report is published in Swedish and English. In the event of any difference between the English version and the Swedish original, the Swedish version shall prevail.
For further information please contact:
+46 (0)72 142 96 53
gustaf.unger@avanza.se
+46 (0)8 409 420 11
anna.casselblad@avanza.se
Sofia Svavar, Chief Communications & IR Officer
+46 (0)8 409 420 17
sofia.svavar@avanza.se
Avanza is a digital platform for savings and investments, founded in 1999.
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