Restructuring of Better Energy leads to additional impairment charges in 2024 and revised expectations for profit for the year

AL Sydbank A/S

19/12/2024 09:47

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 Company Announcement No 60/2024  Peberlyk 4 6200 Aabenraa Denmark Tel +45 74 37 37 37   Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk  
 19. December 2024                                                                                                                            

Dear Sirs

Restructuring of Better Energy leads to additional impairment charges in 2024
and revised expectations for profit for the year

As a result of a major restructuring of Better Energy there is a risk of
impairment charges in the region of DKK 450m. As a consequence of this, profit
after tax is expected to be in the range of DKK 2,700-2,900m compared to DKK
2,800-3,100m as previously announced.

Sydbank’s annual report for 2024 will be released as scheduled on 26
February 2025.

Yours sincerely
                
Mark Luscombe        Jørn Adam Møller
CEO        Deputy Group Chief Executive

Additional information 
Lars Grubak Lohff, Press Manager, tel +45 20 31 54 65

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