Internal announcement No. 66
Profit after tax was DKK 1,779 million, return on equity 18.0%
The financial statements for the first nine months of 2024 show very satisfactory results with a net profit of DKK 1,779 million and a return on equity after tax of 18.0%. Overall, core profit was 2% higher than the first nine months of 2023. This was supported by increases in both net interest income and net fee income. Compared to the same period of the previous year, we recorded a very satisfactory increase in assets under management of DKK 11 billion, corresponding to 17%, and a satisfactory increase in loans of DKK 3.5 billion, corresponding to DKK 600 million. We recorded a significant increase in business volume. %.
For six consecutive quarters, we were able to reverse impairment charges as the credit quality of our retail and corporate customers remained strong. As a result, the positive earnings impact of impairment charges for the first nine months of 2024 totaled DKK 38 million. Another consequence of the very strong strength of our retail and corporate customers is that we expect a full-year earnings impact of around DKK 0 million, including from loan impairment charges. Against this background, on October 23, 2024, we have raised our full-year outlook for profit after tax to a range of DKK 2,100-2,300 million,” said CEO Lasse Nyby. .
If you have any questions regarding this release, please contact Chief Executive Officer Lasse Nyby (phone). Please contact us on +45 9634 4011 or Rune Brandt Børglum, Head of Investor Relations. +45 9634 4236.
Rune Brant Borglum
Head of Investor Relations
No. 66 – Financial Results Q1-3 2024 – UK No. 66 – Spar Nord’s Interim Report Q1-3 2024 – UK
