Q3 earnings miss, admin error-related one-off hit Nordnet shares

Avanza Bank Holding AB

21/10/2025 08:32

** Shares in Nordnet SAVE.ST fall about 5% after the Swedish online broker reported second-quarter adjusted earnings slightly below market expectations

** J.P.Morgan also points to a SEK 18 mln negative one-off impact in reported revenues due to an admin error

** "We expect that the slight miss and the loss related to the admin mistake might be poorly received today and lead to a negative share price reaction," the brokerage says

** JPM says the 2% miss on Q3 profit of SEK 904 million ($96.01 million) was driven by weaker net commission income

** Nordnet is among the worst performers on STOXX 600 index .STOXX

** Peer Avanza AVANZ.ST is down nearly 2%    ​

($1 = 9.4155 Swedish crowns)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((Agnieszka.gosciak@thomsonreuters.com; +48 58 769 66 00;))