Skandinaviska Seb's Third Quarter 2019 Result

Date : 10/23/2019 @ 5:15AM
Source : Dow Jones News

Skandinaviska Seb's Third Quarter 2019 Result

TIDMSEBA 
 
 
   The operating result for the third quarter 2019 amounted to SEK 5.9bn 
and return on equity, excluding items affecting comparability, was 13.2 
per cent. 
 
   "Despite a seasonal slowdown and a softening macroeconomic environment, 
clients remained active in the third quarter. Our diversified business 
model remains favourable and the operating profit increased by 5 per 
cent compared with last year while return on equity reached 13.2 per 
cent", says Johan Torgeby, President and CEO. 
 
   Financial information 
 
 
 
 
                                                                                          Full 
                                    Q3        Q2          Q3            Jan--Sep          year 
                                  ------  ----------  ----------  --------------------- 
SEK m                              2019    2019   %    2018   %    2019     2018     %    2018 
                                  ------  ------      ------      -------  -------  ---  ------- 
Total operating income            11 942  12 197  -2  11 433   4   36 045   34 123    6   45 868 
Total operating expenses          -5 589  -5 708  -2  -5 421   3  -16 918  -16 379    3  -21 940 
Net expected credit losses         - 489   - 386  27   - 424  15   -1 297    - 753   72   -1 166 
Operating profit before 
 items affecting comparability     5 864   6 103  -4   5 587   5   17 831   17 011    5   22 779 
Operating profit                   5 864   6 103  -4   5 587   5   17 831   21 517  -17   27 285 
NET PROFIT                         4 772   4 892  -2   4 539   5   14 346   18 558  -23   23 134 
 
Return on equity, %                 13.2    13.9        12.7         13.1     17.7          16.3 
Return on equity excluding 
 items affecting comparability, 
 %                                  13.2    13.9        13.1         13.2     13.6          13.4 
Basic earnings per share, 
 SEK                                2.21    2.26        2.10         6.64     8.57         10.69 
 
 
   You can download the Interim Report, Results Presentation and Fact Book 
from 
https://www.globenewswire.com/Tracker?data=68fDrBF7a-uTIDbR4wB7iYh3IZptFgDcQqa9xrNrsdbHKu_VSard9hcOoQiCrA00oca2KlLkZ0ikeJdoS26AdecsSoEMnndvgfo8mRnaIB-XEWk78Qqps2FeOliOmWvDTKZnuR15RPRHAN4hRtv238uhw6FIDHA4_yEgWXETiJdpukzHnec2EVQuLLXqL1VOo8N7wfcq8rDjMZTh2qhsiMUY-aLx3CYvw9c9yG9BzI3tJO2jnkrF6cdJOmRGLnxg 
https://sebgroup.com/investor-relations/reports-and-presentations/financial-reports. 
 
 
   For further information, please contact 
 
   Masih Yazdi, Finance Director, +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 6.45 am CET, on 23 October 2019. 
 
 
 
 
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 30 September 2019, the Group's total 
 assets amounted to SEK 3,046bn while its assets under 
 management totalled SEK 1,943bn. The Group has around 
 15,000 employees. Read more about SEB at sebgroup.com 
 
 
   Attachment 
 
 
   -- Interim report Q3 2019 
      https://ml-eu.globenewswire.com/Resource/Download/c2915b77-5860-4e06-8801-ed95e82035ab 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 23, 2019 01:00 ET (05:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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