Nordea: Strong year-end results
On Monday, Nordea published Q4 results that fell short of expectations. The company's net interest income and operating expenses developed in line with our expectations, and the shortfall was mainly explained by quarterly fluctuations in fair value. In the end, we had to make only moderate changes to our estimates after the report.
Nordea Bank
Nordea conducts banking operations. The bank offers a wide range of financial services, aimed at both private and corporate customers, including traditional asset management, loan financing, and pension savings. In addition, advice and security insurance are also offered, as well as currency management. Nordea conducts most of its business in the Nordic and Baltic countries. The company was founded in 1997 and the head office is located in Helsinki.
Read more on company pageKey Estimate Figures2024-02-06
2023 | 24e | 25e | |
---|---|---|---|
Operating income | 11,743.0 | 11,991.5 | 11,887.2 |
growth-% | 20.80 % | 2.12 % | -0.87 % |
EBIT (adj.) | 6,515.0 | 6,298.5 | 6,191.5 |
EBIT-% (adj.) | 55.48 % | 52.52 % | 52.09 % |
EPS (adj.) | 1.44 | 1.40 | 1.41 |
Dividend | 0.92 | 0.91 | 0.92 |
Dividend % | 8.20 % | 8.13 % | 8.19 % |
P/E (adj.) | 7.80 | 7.99 | 7.94 |
EV/EBITDA | 7.01 | 6.61 | 6.38 |