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    SPNO   DK0060036564

SPAR NORD BANK A/S

(SPNO)
  Report
Real-time Estimate Cboe Europe  -  03:38 2022-08-08 am EDT
86.05 DKK   -0.75%
08/02Share buybacks in Spar Nord Bank – transactions in week 30
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07/26Share buybacks in Spar Nord Bank – transactions in week 29
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07/19Share buybacks in Spar Nord Bank – transactions in week 28
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Financial results for Q1 2022

05/05/2022 | 02:46am EDT

Company announcement no. 7


Net profit of DKK 276 million and return on equity of 9.9%

Spar Nord had a fairly good start to the year in Q1 2022, recording a continuing increase in the volume of loans arranged, a profit of DKK 276 million after tax and a return on equity of 9.9%.

Having said that, the overriding theme in Q1 was Russia’s invasion of Ukraine and the resulting uncertainty with respect to economic developments. Coupled with rising inflation and lower expectations of economic growth, this resulted in losses on the Bank’s bond and share portfolios. However, in spite of an increase in total management estimates relating to COVID-19 and the uncertainty attaching to the war in Ukraine, impairment charges represented a small income in Q1.

We remain confident about the outlook for 2022, and we especially look forward to the opening of our branch in Hørsholm and the geographical banking areas on Lolland-Falster and in Allerød, said Spar Nord’s CEO Lasse Nyby.


Please direct any questions regarding this release to Rune Brandt Børglum, Head of Investor Relations, on tel. + 45 9634 4236, or by e-mail at rsn@sparnord.dk.

Rune Brandt Børglum
Head of Investor Relations


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All news about SPAR NORD BANK A/S
08/02Share buybacks in Spar Nord Bank – transactions in week 30
GL
07/26Share buybacks in Spar Nord Bank – transactions in week 29
GL
07/19Share buybacks in Spar Nord Bank – transactions in week 28
GL
07/12Share buybacks in Spar Nord Bank – transactions in week 27
GL
07/05Share buybacks in Spar Nord Bank – transactions in week 26
GL
07/05Share buybacks in Spar Nord Bank – transactions in week 26
GL
06/30Spar Nord issues Tier 2 capital
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06/30Spar Nord issues Tier 2 capital
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06/27Spar Nord explores the potential for issuing Tier 2 capital
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06/27Spar Nord explores the potential for issuing Tier 2 capital
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More news
Financials
Sales 2022 3 807 M 519 M 519 M
Net income 2022 1 214 M 166 M 166 M
Net Debt 2022 - - -
P/E ratio 2022 8,78x
Yield 2022 6,22%
Capitalization 10 594 M 1 446 M 1 446 M
Capi. / Sales 2022 2,78x
Capi. / Sales 2023 2,65x
Nbr of Employees 1 622
Free-Float 65,3%
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Technical analysis trends SPAR NORD BANK A/S
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 3
Last Close Price 86,70 DKK
Average target price 102,50 DKK
Spread / Average Target 18,2%
EPS Revisions
Managers and Directors
Lasse Nyby Member-Executive Board
Thorkild Høllsberg Mathiasen Chief Financial Officer
Kjeld Johannesen Chairman
Camilla Kolling Christensen Compliance Officer
Per Nikolaj Bukh Deputy Chairman
Sector and Competitors