Sweden's Avanza Q4 operating income rises 7%

Avanza Bank Holding AB

21/01/2026 06:54

Overview

Sweden's digital savings platform's preliminary Q4 operating income rose 7% yr/yr

Operating expenses increased by 20%, impacting profit growth

Earnings per share decreased by 2%, with a proposed dividend increase

Outlook

Company estimates 2026 cost increase at 9% due to cloud migration and investments

CEO optimistic about 2026, expecting more disposable income for households

Result Drivers

HIGHER BROKERAGE AND CURRENCY INCOME - Operating income increased by 7% due to higher net brokerage and currency-related income

COST INCREASES - Operating expenses rose 20% due to higher personnel, marketing, and other expenses

CLOUD MIGRATION AND INVESTMENTS - 2026 cost increases linked to cloud migration and investments in Private Banking and occupational pensions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
SEK 626 mln
Q4 Operating Expenses
-SEK 402 mln
Q4 Operating Margin
64.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 SEK375.50, about 13.6% above its January 20 closing price of SEK330.60

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nMFN17m70z

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(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.)