Nordnet year-end report January-December 2017

Nordnet today publishes its year-end report for 2017. The full report is available at nordnetab.com.

-   The fourth quarter continued to be an intensive period in the process of building the new Nordnet. Our higher pace in product development and increased visibility in the market has had a positive impact on our customer growth, and we welcomed 29,100 new customers to Nordnet during the quarter, which is the highest figure ever. Both trading activity and fund savings have increased, and during the period, our customers made 6.9 million trades – most in Nordnet’s history. Our loan products are popular in the market, and mortgage loans account for the largest increase. Growth in the fourth quarter is 35 percent, and over the past twelve months our mortgage portfolio has grown by over 150 percent, says Peter Dahlgren, CEO of Nordnet.

Highlights during the quarter 

  • Nordnet appointed as the Bank of the Year by Privata Affärer
  • Parnership with the personal finance app Tink
  • The first phase of Nordnet’s new website was launched to Nordnet’s customers in the Nordics
  • Nordnet expands – opens office in Malmö and invests in Private Banking
  • Nordnet’s podcast #rahapodi voted best podcast in Finland
  • Nordnet was selected as one of Sweden’s top 100 most successful employers in employer branding

Financial results in brief, September – December 2017 

  • Operating income increased by 6 percent, amounting to SEK 333.1 million (314.0)
  • Operating profit decreased by 50 percent to SEK 54.1 million (107.7)
  • Profit after tax for the period decreased by 42 percent and amounted to SEK 51.1 million (87.4)
  • The number of new customers increased by 29,100 during the quarter
  • Net savings amounted to SEK 4,0 billion (4,1)

Financial results in brief, January – December 2017 

  • Operating income increased by 4 percent and amounted to SEK 1,244.1 million (1,196.0)
  • Operating profit decreased by 33 percent to SEK 247.3 million (367.7)
  • Profit after tax for the period decreased by 28 percent to SEK 212.8 million (297.0)
  • The number of new customers increased by 18 percent, to 669,300 customers (566,800)
  • Net savings amounted to SEK 17.3 billion (14.3)

For more information, please contact:
Johan Tidestad, Head of Communications
+46 708 875 775, johan.tidestad@nordnet.se

Nordnet is a bank for investments and savings with business in Sweden, Denmark, Finland and Norway. The idea behind Nordnet is to give customers control of their money, and the goal is to become the no. 1 choice for investments and savings in the Nordics. Visit us at www.nordnetab.comwww.nordnet.sewww.nordnet.nowww.nordnet.dk or www.nordnet.fi.

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Nordnet is a bank for investments and savings with business in the Nordics. Nordnet Bank AB, registered in Stockholm, no. 516406-0021 www.nordnetab.com

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The fourth quarter continued to be an intensive period in the process of building the new Nordnet. Our higher pace in product development and increased visibility in the market has had a positive impact on our customer growth, and we welcomed 29,100 new customers to Nordnet during the quarter, which is the highest figure ever. Both trading activity and fund savings have increased, and during the period, our customers made 6.9 million trades – most in Nordnet’s history. Our loan products are popular in the market, and mortgage loans account for the largest increase. Growth in the fourth quarter is 35 percent, and over the past twelve months our mortgage portfolio has grown by over 150 percent
Peter Dahlgren, CEO of Nordnet