Brief: Spar Nord Upgrades Financial Guidance

Spar Nord Bank A/S

07/07/2021 07:47

July 7 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * UPGRADES ITS FINANCIAL GUIDANCE
    * RAISES ITS GUIDANCE FOR CORE EARNINGS BEFORE IMPAIRMENT FOR 2021 TO DKK 1,350-1,500
MILLION
    * RAISES GUIDANCE FOR PROFIT AFTER TAX FOR YEAR TO DKK 1,100-1,300 MILLION.
    * BASED ON UPGRADED GUIDANCE FOR CORE EARNINGS BEFORE IMPAIRMENT COMBINED WITH EXPECTED
SMALLER
INCOME FROM IMPAIRMENTS, EXPECTATION FOR PROFIT AFTER TAX FOR YEAR IS RAISED TO DKK 1,100-1,300
MILLION.
    * Q2 OF 2021 HAS SHOWN BOTH A CONTINUED HIGH CUSTOMER ACITIVITY AND POSITIVE DEVELOPMENTS IN
FINANCIAL MARKETS
    * Q2 OF 2021 SHOWED A REVERSAL OF IMPAIRMENTS, JUST AS A SMALLER INCOME FROM IMPAIRMENTS IS
NOW
EXPECTED FOR FULL YEAR

Source text for Eikon:  ID:nGNE1z8yXm 
Further company coverage:  SPNO.CO 

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