Interim report January-March 2007

Our best quarterly figures so far

Financial development

•Revenues increased by 18% to SEK 205.6 (174.1) million
•Profit increased by 4% to SEK 69.5 (66.6) million
•Profit per share increased by 4% to SEK 0.42 (0.40)
•Profit before tax increased by 5% to SEK 97.8 (93.2) million


Business development

•Number of accounts increased by 25% to 159,600 (127,700)*
•Assets in deposits increased by 26% to SEK 54.0 (42.8)* billion
•Number of trades per day increased by 19% to 40,200 (33,700)*
•Assets in deposits invested in mutual funds increased by 17% to SEK 5.6 (4.8)* billion
•Assets in deposits for Nordnet Pension increased by 114% to
SEK 4.5 (2.1)* billion
•Cash deposits increased by 38% to SEK 7.3 (5.3)* billion
•Margin lending increased by 21% to SEK 3.4 (2.8)* billion
•Voted No 2 Broker in Germany by the magazine “Euro Finanzen”


* In comparison with the same period 2006

CEO’s comment

Our best quarter so far, but we have only seen the beginning!

This quarter was our best ever with regards to revenues and profit, our best in terms of trading with over 2.5 million trades and our second best in terms of growth with over 10,000 new accounts. We expect our strong growth to continue for a foreseeable time. We now cover the whole savings spectra in Sweden and we are expanding our offering on more markets. By saving with us, our clients have more money left over for themselves with complete control and absolute freedom of choice.

I believe that we have only seen the beginning of our development. With SEK 54.0 billion in assets on deposits we are very successful, but still small in comparison to the enormous European savings market. There is a great demand for a savings market that offers freedom of choice, simplicity and low fees. A savings market that, due to further EU development, has become more international with fewer limits in regards to investors’ actions and the possibilities for savings institutions. Our award-winning investment services and websites will become even better following new version launches during 2007. In Sweden we will expand our offering further by introducing banking services with the possibility to pay bills, transfer funds and receive salaries via Nordnet. With these additional services we believe that our customers will move even more of their savings to Nordnet.

I love when it is growing like mad. Therefore, I think it is especially exciting right now with our two latest markets - Finland and Germany. These markets had the best growth in the last quarter in comparison to previous quarters. Finland especially is showing very strong development. Now in April we got voted No 2 Broker in Germany in competition with 30 other brokers, by the magazine “Euro Finanzen”. Fantastic, and such a recognition makes us even more determined to become even better. I am also looking forward to continuing our geographical expansion, hopefully in Eastern Europe.


Like I said, we have only seen the beginning!



Set your money free!


Klas Danielsson


For further information please contact:
Klas Danielsson, CEO, +46-8-506 330 30, +46-708-74 45 74, klas.danielsson@nordnet.se