Brief: Spar Nord Upgrades Its Financial Guidance

Spar Nord Bank A/S

13/10/2021 07:42

Oct 13 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * REG-SPAR NORD UPGRADES ITS FINANCIAL GUIDANCE
    * RAISES ITS GUIDANCE FOR CORE EARNINGS BEFORE IMPAIRMENT
FOR 2021
TO DKK 1,475-1,575 MILLION
    * RAISES GUIDANCE FOR PROFIT AFTER TAX FOR YEAR TO DKK
1,250-1,350
MILLION.
    * UPGRADE WAS DRIVEN BY CONTINUED HIGH CUSTOMER ACTIVITY,
POSITIVE
DEVELOPMENTS IN FINANCIAL MARKETS AND REVERSAL OF IMPAIRMENTS
BACKED BY CONTINUED IMPROVEMENTS IN FINANCIAL SITUATION OF BOTH
PRIVATE AND CORPORATE CUSTOMERS
    * RAISES ITS EXPECTATION FOR YEAR'S CORE EARNINGS BEFORE
IMPAIRMENT TO DKK 1,475-1,575 MILLION
    * COSTS CAME OUT SLIGHTLY LOWER IN Q3 THAN PREVIOUSLY
ANTICIPATED,
INCLUDING FEWER ONE-OFF COSTS FROM IT-INTEGRATION OF
BANKNORDIK'S DANISH ACTIVITIES
    * GUIDANCE FOR PROFIT AFTER TAX FOR YEAR IS RAISED TO DKK
1,250-1,350 MILLION
    * SPAR NORD NOW EXPECTS AN INCOME FROM IMPAIRMENTS OF AROUND
DKK
100 MILLION FOR FULL YEAR

Source text for Eikon:  ID:nGNE273VBp 
Further company coverage:  SPNO.CO 

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