Skandinaviska Seb's Fourth Quarter 2019 Result
January 29 2020 - 1:30AM
Dow Jones News
TIDMSEBA
The operating profit for the fourth quarter 2019 amounted to SEK 7.1bn
with a return on equity of 15.5 per cent and a Common Equity Tier 1
capital ratio of 17.6 per cent. The Board of Directors proposes a
dividend to the shareholders of SEK 6.25 per share.
"This was yet another quarter of high client activity and we continued
to grow across our home markets. Our diversified business model
continued to serve us well and we benefited from the favourable
financial markets. The operating profit rose by 22 per cent compared
with the same period last year", says Johan Torgeby, President and CEO.
Financial information
Q4 Q3 Q4 Jan--Dec
------ ----------- ----------- ----------------------
SEK m 2019 2019 % 2018 % 2019 2018 %
-------------------------------- ------ ------ --- ------ --- ------- ------- ----
Total operating income 14 089 11 942 18 11 744 20 50 134 45 868 9
Total operating expenses -6 026 -5 589 8 -5 561 8 -22 945 -21 940 5
Net expected credit losses - 997 - 489 104 - 413 142 -2 294 -1 166 97
Operating profit before
items affecting comparability 7 063 5 864 20 5 768 22 24 894 22 779 9
Items affecting comparability 4 506 -100
Operating profit 7 063 5 864 20 5 768 22 24 894 27 285 -9
NET PROFIT 5 831 4 772 22 4 576 27 20 177 23 134 -13
Return on equity, % 15.5 13.2 12.4 13.7 16.3
Return on equity excluding
items affecting comparability,
% 15.5 13.2 12.8 13.8 13.4
Basic earnings per share,
SEK 2.70 2.21 2.12 9.33 10.69
You can download the Quarterly Report, Results Presentation and Fact
Book from
https://www.globenewswire.com/Tracker?data=fT5ZYzgBjav2emM-kJVvND7qLFM3f0yWfB5_8MVg5nhJgrYAOso4gnAIMhEzezYlhe89Jgah8hka3QMAdMGyWj1i2xU4U52ZcKeszU9It5NfPQ1ztGc28alOTyQhFK3VsvnmvoSMqyDz8y5Wu_Jtb_-LCowOqUEJbzcoH6gRHKgZv6xlp3wMeuEGP-caSS_mSC73_hkC87AYIJSNSfQDp1IwvadZiM374dM8518uuch451cqdvkPk2k9esEyhsHx
https://sebgroup.com/investor-relations/reports-and-presentations/financial-reports.
For further information, please contact
Masih Yazdi, CFO, +46 771 621 000
Christoffer Geijer, Head of Investor Relations, +46 70 762 10 06
Frank Hojem, Head of Corporate Communication, +46 70 763 99 47
This is information that Skandinaviska Enskilda Banken AB (publ) is
obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for publication, through
the agency of the contact persons set out
above, at around 7.00 am CET, on 29 January 2020.
SEB is a leading Nordic financial services group with a strong belief
that entrepreneurial minds and innovative companies are key in creating
a better world. SEB takes a long-term perspective and supports its
customers in good times and bad. In Sweden and the Baltic countries, SEB
offers financial advice and a wide range of financial services. In
Denmark, Finland, Norway, Germany and the United Kingdom, the bank's
operations have a strong focus on corporate and investment banking based
on a full-service offering to corporate and institutional clients. The
international nature of SEB's business is reflected in its presence in
some 20 countries worldwide. At 31 December 2019, the Group's total
assets amounted to SEK 2,857bn while its assets under management
totalled SEK 2,041bn. The Group has around 15,000 employees. Read more
about SEB at sebgroup.com
Attachments
-- Interim report Q4 2019
https://ml-eu.globenewswire.com/Resource/Download/9fec3422-874e-40a8-a115-49093150571c
-- Press_release_SEB_Q4_2019
https://ml-eu.globenewswire.com/Resource/Download/e032eec3-38b9-4983-a471-cba4052b6f3a
(END) Dow Jones Newswires
January 29, 2020 01:15 ET (06:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.