Sweden's Nordnet posts higher Q4 operating profit, plans Germany launch in H2

Nordnet AB (publ)

28/01/2026 07:13

Overview

Sweden's digital investment platform's Q4 adjusted operating profit rose to SEK 966 mln

Adjusted EPS for Q4 increased to SEK 3.06

Company finalized notification for German market entry, launch expected in H2 2026

Outlook

Company expects net interest income decline to abate during 2026 as rates stabilize

Nordnet plans to launch operations in Germany in H2 2026

Company introduces new Private Banking concept across all markets

Result Drivers

CORE BUSINESS GROWTH - Strong growth in equities and funds offset decline in net interest income

CROSS-BORDER TRADING - Record-high cross-border trading contributed to strong growth in transaction-related revenue

PRIVATE BANKING CONCEPT - Introduction of new Private Banking concept across all markets supported results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
SEK 3.06
Q4 Adjusted operating profit
SEK 966 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Nordnet AB (publ) is SEK288.00, about 6.1% above its January 27 closing price of SEK271.40

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nWkr9xHyZC

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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.)