Sydbank A/S provided earnings guidance for the year 2021. For the year, the outlook is revised upwards to a profit after tax in the range of DKK 1,150 million-DKK 1,350 million. In connection with the release of the 2020 Annual Report on 2 March 2021,The company expected a profit after tax in the range of DKK 850 million-DKK 1,150 million for 2021. As a consequence of customers’ improved financial circumstances, a net reversal of impairment charges of DKK 125 million was recorded in Second Quarter 2021. Impairment charges for 2021 as a whole are expected to amount to a net reversal of around DKK 250 million. The management estimates as a result of covid-19 of DKK 325 million in 2020 remained unchanged at end-Q2 2021.