Skandinaviska Seb's Fourth Quarter 2019 Result

Date : 01/29/2020 @ 6:30AM
Source : Dow Jones News

Skandinaviska Seb's Fourth Quarter 2019 Result

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.


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