Sweden's Avanza Q1 operating income rises 9% on higher net interest, brokerage

Avanza Bank Holding AB

21/04/2026 06:54

Overview

Sweden digital savings platform's Q1 operating income rose 9% on higher net interest and brokerage income

Earnings per share before dilution grew 5% year-over-year

Company announced Denmark as first market for international expansion, with launch planned for 2027

Outlook

Company estimates 2026 full-year cost increase at 9% excluding international expansion

Avanza plans SEK 120–150 mln investment for Denmark expansion through 2027, with SEK 50 mln expensed in 2026

Result Drivers

HIGHER NET INTEREST INCOME - Co said increased net interest income was a main driver of operating income growth

BROKERAGE AND CURRENCY INCOME - Higher net brokerage and net currency-related income contributed to operating income growth

INCREASED NET FUND COMMISSIONS - Net fund commissions also increased, supporting operating income

Company press release: ID:nMFN5Vz1lG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
SEK 754 mln
Q1 Operating Expenses
-SEK 377 mln
Q1 Operating Margin
70.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

Wall Street's median 12-month price target for Avanza Bank Holding AB is SEK390.00, about 0.1% above its April 20 closing price of SEK389.80

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)