Sweden's Avanza Q3 profit rises on higher net interest, commissions

Avanza Bank Holding AB (publ)

16/10/2026 06:56

Overview
Sweden digital savings platform's Q3 operating income grew 12% yr/yr, driven by all income streams
Q3 net income and EPS both rose 13% and 12% yr/yr, respectively
Company launched Avanza Sigma, expanding product offering to include asset management

Outlook
Company expects full-year cost increase of 9% excluding international expansion
Company lowers 2026 international expansion cost estimate to SEK 40 mln from SEK 50 mln
Avanza maintains SEK 120–150 mln total cost estimate for Danish launch period

Result Drivers
INCOME STREAMS - Co said Q3 operating income growth was mainly driven by net interest income, net fund commissions, and net currency-related income
PRODUCT EXPANSION - Launch of Avanza Sigma expanded product offering to asset management, contributing to operational performance
CUSTOMER ACTIVITY - Co said increased customer willingness to invest led to strong net purchases and record-high inflow to mutual funds

Company press release: ID:nMFN6z8yHb

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
SEK 790 mln
 
Q3 Operating Expenses
 
-SEK 362 mln
 
Q3 Operating Margin
 
72.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "hold" and 3 "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 (publ) is SEK430.00, about 14.3% above its October 15 closing price of SEK376.30
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Oct 14 - Sweden's Avarda Bank Q3 loans climb 20%, profit up 29%
Oct 14 - Sweden's SEB must hold more capital, shares fall 4%
Oct 15 - Nordea Bank meets Q3 profit estimates on growth in savings and investments

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.)