Avanza Bank Holding AB

Equities

AZA

SE0012454072

Investment Banking & Brokerage Services

Real-time Estimate Cboe Europe Other stock markets 08:16:45 2024-04-19 am EDT			5-day change	1st Jan Change
234.2 ^SEK	+2.25%		+0.17%	-0.26%

07:45am	Avanza Bank Holding AB Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 11	Avanza Bank Holding AB Approves Dividend, Payable on 18 April 2024	CI

Avanza Bank : Q3 2020 results presentation

October 19, 2020 at 03:15 am EDT

Q3 2020 results presentation

Webcast, 19 October 2020

218,300 new customers in 2020 - so far

000
0

2019 2020

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Continued strong net inflow, SEK 57.6 billion YTD

SEK Billions

9,1

7,9

6,2	6,6
6,1		6,1

	5,3	5,3	4,9

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2019 2020

Market share of 19.2% rolling 12M of net savings on the Swedish savings market

premiums pension occupational and funds in savings Monthly

Jan -18

Feb-18

Mar-18

Apr-18

May-18

Jun-18

Jul-18

Aug18

Sep-18

Oct-18

Nov-18

Dec-18

Jan -19

Feb-19

Mar-19

Apr-19

May-19

Jun-19

Jul-19

Aug19

Sep-19

Oct-19

Nov-19

Dec-19

Jan -20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug20

Sep-20

			SEK million			savingsMonthly development
400	500	600	700	800	900	000 1
							capital savings of part important an

Taking market share - largest Swedish participant on Nasdaq OMX and First North

Market share, %

Transactions		Turnover
		10
		9
	%	8

	share,	7
	6

	Market	5
	4

		3
		2
		1
Q1-15Q2-15Q3-15Q4-15Q1-16Q2-16Q3-16Q4-16Q1-17Q2-17Q3-17Q4-17Q1-18Q2-18Q3-18Q4-18Q1-19Q2-19Q3-19Q4-19Q1-20Q2-20Q3-20		0
	Q1-15Q2-15Q3-15Q4-15Q1-16Q2-16Q3-16Q4-16Q1-17Q2-17Q3-17Q4-17Q1-18Q2-18Q3-18Q4-18Q1-19Q2-19Q3-19Q4-19Q1-20Q2-20Q3-20

Market share of 19.9% in terms of transactions and 9.6% in turnover in Q3 2020

Strong growth makes Avanza more resilient

Strong customer growth and growth in savings capital
Avanza has over 160 000 more brokerage generating customers YTD
Monthly savings have grown with 26 per cent YTD
Growth in savings capital strongly correlated with growth in income
Lowest level considerable higher

As always… key success factors for Avanza

Employee engagement key

Financials

Q3 results

Financial overview

	Q3-20	Q2-20	∆ %	Q3-19	∆ %	9M-20	9M-19	∆ %

Operating income, SEK m	575	526	9	313	84	1,643	865	90

Operating expenses, SEK m	-177	-185	-4	-148	19	-541	-478	13

Operating profit, SEK m	396	333	19	163	144	1,091	380	187


Operating margin, %	69	63	6	52	17	66	44	22

Income to savings capital ratio, %	0.48	0.52	-0.04	0.34	0.14	0.51	0.34	0.17

Costs to savings capital ratio, %	0.15	0.18	-0.03	0.16	-0.01	0.17	0.19	-0.02

ROE, %	55	56	-1	33	23	57	27	30

EPS, SEK	2.15	1.83	18	0.91	137	5.96	2.15	177

Quarterly revenue development

700

600

575

542 526

500

Revenue, SEK m

400
							313	329


300								284
		271	271	267	267	268
244	234	227		244

200

100

Q1-17Q2-17Q3-17Q4-17Q1-18Q2-18Q3-18Q4-18Q1-19Q2-19Q3-19Q4-19Q1-20Q2-20Q3-20

Total income		Net brokerage income		Income from mutual funds		Net interest income		Other commission income

Strong growth in number of commission generating customers

No of customers

000
0

Net brokerage strong correlated with Avanza's turnover on the stock exchange

Turnover, SEK m

000
0

Jan -17Mar-17May-17Jul-17Sep-17Nov-17 Jan -18Mar-18May-18Jul-18Sep-18Nov-18 Jan -19Mar-19May-19	Jul-19Sep-19Nov-19 Jan -20Mar-20May-20Jul-20Sep-20
		Avanza's turnover on Nasdaq & First North	Net brokerage income

140
120
	m
100	SEK
80	income,
brokerage
40
60
	Net
20
0

Quarterly cost development

Operating expenses, SEK m

200
							179	185

180								177
		157			164	166	179

160			152	153
			155		148

140					135

	131	123
124

120

100

Q1-17Q2-17Q3-17Q4-17Q1-18Q2-18Q3-18Q4-18Q1-19Q2-19Q3-19Q4-19Q1-20Q2-20Q3-20

Total expenses	Non-reccuring items		Personnel		Marketing		Depreciation		Other expenses

Capitalisation

SEK m	30 September	30 June	31 December
	2020	2020	2019
Total capital ratio	18.7%	17.1%	17.8%

Regulatory capital requirements*	12.0%	11.9%	13.9%

Capital requirements incl. internal buffers	14.0%	13.9%	15.9%


Liquidity coverage ratio (LCR requirement 1.0)	6.8	9.7	6.8

Leverage ratio (requirement of 3%, as of June 2021)	3.1%	2.8%	3.5%

* Including external buffers and Pillar 2 requirements

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Disclaimer

Avanza Bank Holding AB published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 07:14:02 UTC

Latest news about Avanza Bank Holding AB

Avanza Bank Holding AB Reports Earnings Results for the First Quarter Ended March 31, 2024	01:45am	CI
Avanza Bank Holding AB Approves Dividend, Payable on 18 April 2024	Apr. 11	CI
Avanza Bank Holding AB Approves Board Elections	Apr. 11	CI
U.S. Futures Up, European Stocks Flat as Powell Reiterates Room for Rate Cuts This Year	Apr. 04	DJ
Avanza Bank Holding AB Reports Operating Results for the Month Ended March 2024	Apr. 04	CI
Henrik Tjärnström Withdraws His Candidacy as Board Member of Avanza Bank Holding AB	Apr. 02	CI
Avanza Chief Product/Technology Officer Steps Down	Mar. 11	MT
Anders Karlsson Leaves Position as Chief Product and Technology Officer and Member of Group Management of Avanza	Mar. 11	CI
Avanza Bank Holding AB Announces Board Members Catharina Eklöf, Sofia Sundström and Hans Toll Have Declines Re-Election	Mar. 06	CI
Avanza Bank Holding AB and Avanza Bank AB Announces Chief Executive Officer Changes	Feb. 22	CI
US Futures, European Stocks Fall	Feb. 13	DJ
European shares extend gains led by financials, but remain set for weekly fall	Jan. 19	RE
Transcript : Avanza Bank Holding AB, Q4 2023 Earnings Call, Jan 19, 2024	Jan. 19
Avanza Bank Holding AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 19	CI
Avanza Bank Holding AB Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 19	CI
Avanza Bank Holding AB Proposes Dividend for 2023	Jan. 19	CI
Avanza Bank Holding AB Reports Operating Results for the Month Ended December 2023	Jan. 04	CI
Avanza Bank Holding AB Approves to Distribute an Extra Dividend	Dec. 20	CI
Avanza Broadens its Fund Offering with Avanza Ränta Global	Dec. 07	CI
Transcript : Avanza Bank Holding AB, Nine Months 2023 Earnings Call, Oct 20, 2023	23-10-20
Avanza Bank Holding AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-20	CI
Avanza Bank Holding AB Announces Nomination Committee	23-10-04	CI
Avanza Bank Holding AB Reports Operating Results for the Month Ended September 2023	23-10-04	CI
Avanza Bank Appoints New CEO	23-09-06	MT
Avanza Bank Holding AB Announces Chief Executive Officer Changes	23-09-06	CI

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Company Profile

Avanza Bank Holding AB is a Sweden-based company engaged in the financial services sector. The Company offers a platform for savings and investments. Avanza Bank Holding is the Parent Company of the Avanza Group. The operational activities are conducted by its subsidiaries: Avanza Bank AB (publ), Forsakringsaktiebolaget Placera Media Stockholm AB and Avanza Fonder AB. The Company offers a broad range of savings products, as pension offering and mortgages. Customers are offered to save in Swedish and foreign securities and in savings accounts, with no fixed account charges and a low brokerage fee. The Company primarily targets individual investors, but also offers services for professional investors and corporate customers, such as entrepreneurs, asset managers and those who want occupational pension.

Sector

Investment Banking & Brokerage Services

Calendar

01:45am - Q1 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

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Ratings for Avanza Bank Holding AB

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

229 SEK

Average target price

217.8 SEK

Spread / Average Target

-4.89%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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Investment Banking

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