Sweden's Avanza Q2 profit rises on higher income

Avanza Bank Holding AB (publ)

14/07/2026 06:55

Overview
Sweden digital savings platform's Q2 operating income rose 26% yr/yr, driven by higher fee income
Profit for the period climbed 33% yr/yr; EPS before dilution up 30%
Company announced expansion into Denmark and launched new broad index fund

Outlook
Company estimates full-year cost increase at 9% excluding international expansion costs
Avanza expects SEK 50 mln in international expansion costs to affect 2026 cost base
Company says improved risk appetite and indications of Swedish economy picking up speed

Result Drivers
INCOME SOURCES - Higher net currency-related income, net interest income, net brokerage income and net fund commissions drove operating income growth
FUND INFLOWS - Co reported sharp increase in fund market inflows and record-high net fund purchases among customers
COST INCREASES - Operating expenses rose 15% yr/yr, mainly due to higher personnel costs and costs related to international expansion

Company press release: ID:nMFN5GsJRc

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
SEK 795 mln
 
Q2 Operating Expenses
 
-SEK 406 mln
 
Q2 Operating Margin
 
70.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and 2 "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 SEK420.00, about 10.9% above its July 13 closing price of SEK378.70
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

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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.)