Brief: Moens Bank Raises Expectations For 2024 Profit Before Tax

Moens Bank A/S

24/10/2024 12:04

Oct 24 (Reuters) - Moens Bank A/S  MNBA.CO :
    * ADJUSTS RESULTS EXPECTATIONS FOR 2024 UPWARDS
    * RAISES EXPECTATIONS FOR PROFIT BEFORE TAX FOR 2024 TO
RANGE DKK
90-115 MILLION
    * REASON FOR REVISION IS BETTER CONDITIONS THAN ORIGINALLY
EXPECTED
    * CONDITIONS INCLUDE LATER AND SLOWER INTEREST RATE CUTS AND
GENERAL EXPECTATION OF "SOFT LANDING" AFTER PERIOD OF
UNCERTAINTY
    * CORE OPERATIONS FOR 2024 ARE ALSO ADJUSTED UPWARDS TO
LEVEL OF
DKK 75-90 MILLION
    * PREV GUIDANCE FOR CORE OPERATIONS WERE EXPECTED TO BE DKK
65-85
MILLION
    * PREVIOUS GUIDANCE: PROFIT BEFORE TAX WAS EXPECTED TO BE IN
RANGE
OF DKK 70-95 MILLION

Source text for Eikon:  ID:nGNE32WRkz 
Further company coverage:  MNBA.CO 

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