The continued strong growth and the increased interest in savings have resulted in Avanza deciding to invest more in the customer offering and improved user experience. Costs for 2021 are expected to increase by around 15%, which means that Avanza will deviate from its guidance of increased costs of a maximum of 12% next year. The extra costs for 2021 amount to just over
Avanza's growth in 2020 has been the strongest on record. As at 30 November this year, the number of customers grew by more than 270,000, the net inflow was almost
“Avanza is a growth company and operates in a changing industry. We have just finalised our business planning and cost budget for the next year and have several exciting initiatives that we want to be able to offer our customers in the future. We have a significant cost focus in Avanza, but we do not want to risk ending up in a situation where we miss out on good growth opportunities”, says
Costs for 2021 are expected to increase by about 15% compared with 2020. This means a cost increase in 2021 of just over
“As we have always pointed out, Avanza is governed by a long-term vision. We have fantastic tailwinds and see good growth opportunities in the future. We see that previous investments in user experience and our offering create results and are convinced that the additional investments we plan for 2021 and beyond will also pay off in the long-run and further strengthen Avanza”, says
As previously communicated, the non-recurring costs attributable to the move from the office on Vasagatan and the associated rebuilding of the office on Regeringsgatan are not included in the cost guide. In addition to previous write-downs in the fourth quarter of 2019 of
For further information please contact:
+46 70 206 69 55
E-mail: rikard.josefson@avanza.se
Avanza is a digital platform for savings and investments, founded in 1999.
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