Brief: Spar Nord Upgrades Full-Year Guidance

Spar Nord Bank A/S

08/10/2019 07:44

Oct 8 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * REG-SPAR NORD UPGRADES FULL-YEAR GUIDANCE
    * SPAR NORD UPGRADES ITS FULL-YEAR GUIDANCE FOR CORE
EARNINGS
BEFORE IMPAIRMENT TO DKK 1,200-1,300 MILLION, WHILE FORECAST FOR
PROFIT FOR YEAR AFTER TAX IS RAISED TO DKK 925-1,025 MILLION
    * FORECAST FOR PROFIT FOR YEAR AFTER TAX IS RAISED TO DKK
925-1,025 MILLION DUE TO POSITIVE EARNINGS PERFORMANCE COMBINED
WITH LOWER-THAN-EXPECTED IMPAIRMENT CHARGES
    * POSITIVE PERFORMANCE IN INCOME, EXPENSES AND LOAN
IMPAIRMENT
CHARGES IS DRIVEN BY FACTORS WHICH ARE PRIMARILY EXPECTED TO
APPLY IN 2019

Source text for Eikon:  ID:nGNE8nQRtm 
Further company coverage:  SPNO.CO 

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