Brief: Danske Andelskassers Bank Raises Guidance For 2023

Danske Andelskassers Bank A/S

31/03/2023 14:04

March 31 (Reuters) - Danske Andelskassers Bank A/S
 DABA.CO :
    * UPWARD REVISION OF CORE EARNINGS AND PROFIT BEFORE TAX
GUIDANCE
FOR 2023
    * REVISES ITS EXPECTATIONS FOR CORE EARNINGS UPWARDS TO DKK
200-240 MILLION FROM PREVIOUSLY SEEN RANGE OF DKK 170-200
MILLION
    * EXPECTATIONS FOR PROFIT BEFORE TAX ARE REVISED UPWARDS TO
DKK
205-265 MILLION FROM PREVIOUSLY SEEN RANGE OF DKK 175-225
MILLION
    * EXPECTATIONS FOR 2023 ARE ALSO AFFECTED BY INCREASED
UNCERTAINTY
ABOUT FUTURE INTEREST RATE DEVELOPMENTS AND THE ECONOMIC
SITUATION
    * INCREASED UNCERTAINTY IS EXPECTED TO PARTICULARLY AFFECT
NET
INTEREST INCOME, EXCHANGE RATE ADJUSTMENTS AND WRITE-DOWNS

Source text for Eikon:  ID:nGNEq268V 
Further company coverage:  DABA.CO 

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