Nordnet AB (publ) (CHIX:SAVEs)

kr 266.2 (0%) Market Cap: 66.75 Bil Enterprise Value: 65.16 Bil PE Ratio: 23.76 PB Ratio: 9.04 GF Score: 81/100

Q1 2025 Nordnet AB (publ) Earnings Call Transcript

Apr 24, 2025 / 08:00 AM GMT

Release Date Price: kr255.7

Transcript

Key Points

Positve

Nordnet AB (publ) (STU:9JL) reported record revenue and profit levels in Q1 2025, driven by strong growth in its core fund and brokerage business.
The company experienced the highest customer growth in savings in four years, indicating strong market demand.
Nordnet AB (publ) (STU:9JL) successfully launched new features for high-end traders, enhancing its service offerings.
The Danish pension product launch led to record net savings and pensions in Denmark, significantly outperforming the previous year.
The company concluded its first buyback program of 500 million and applied for another, demonstrating strong capital management.

Negative

Market turbulence has led to a slowdown in net buying, particularly in March, with large outflows from funds.
A reduction in savings capital was noted due to a stronger currency and negative market performance.
Operating expenses increased by 15% year-over-year, with a significant portion attributed to marketing spend.
There was a slowdown in mortgage lending volumes, partly due to currency consolidation impacts.
The company experienced a platform outage in mid-February, though no feedback from authorities has been received yet.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SAVE.ST - Nordnet AB (publ)
Q1 2025 Nordnet AB (publ) Earnings Call
Apr 24, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to the presentation of Nunes's first quarter of 2025.

My name is Mark Lindberg. I'm the head of investor relations at None. With me today, I have our CEO Laurel Golling and our CFO Leonard Krann.

Lake and Lenat will start off by presenting the results and then we'll have a Q&A session.

During the presentation, all participants will be on mute.

Then when we come to the Q&A session, you have two alternatives to ask questions. You can click the erase hand button, I'll then unmute you and call your name, or you can submit a question in writing through the Q&A button.

The presentation itself is available on our corporate website, nonetAB.com.

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