Interim Report, 1st January – 31st March 2005
• Operating income fell by 6.7% (+126%) to SEK 61.1 million (SEK 65.5 m). • The profit after tax was SEK 19.8 million (SEK 27.2 m). • Earnings per share totalled SEK 0.73 (SEK 1.02). • Net deposits totalled SEK 1,540 million (SEK 1,190 m), corresponding to 9.5% (10.8%) of the total value of custodian accounts at the beginning of the year.Comments from the Managing Director “The trend that has seen more and more private investors using the Internet to manage their savings is continuing. Avanza’s underlying growth is hence very good - the net value of custodian accounts increased by 17%