Skandinaviska Seb's Third Quarter 2019 Result
October 23 2019 - 1:15AM
Dow Jones News
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)
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