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Avanza Bank Holding |
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Interim Report 1st January - 30th June 2004

Interim Report 1st January - 30th June 2004 -Operating income increased to SEK 115.1 million (SEK 62.6 m). -Profit after tax was SEK 41.3 million (SEK 9.9 m). -Earnings per share amounted to SEK 1.55 (SEK 0.37). -The result before goodwill amortization increased to SEK 62.0 million (SEK18.3 m). -EPS excluding goodwill amortization totalled SEK 1.67 (SEK 0.49). The corresponding result for the past twelve-month period amounted to SEK 2.76 (SEK 1.14). -Net deposits totalled SEK 1,740 million (SEK 530 m), corresponding to 16% (8%) of the total value of the custodian accounts at the start of the year. - Avanza acquired the remaining 49% of the Avanza Vikingen shares. Comments from the Managing Director "Avanza's growth prospects are better than they have been for some years. This is noticeable both with investors who are more active and new investors, and Avanza's growing share of their investments. In order to strengthen this trend further, we will be launching several large new products and services during the autumn. So even though the stock market climate is guiding growth in the short term, new investments will strengthen our position and attract even more private investors. As Sweden's largest online broker, Avanza has also increased its market share during the second quarter." "After a quieter period during the early summer, we now expect private investors and day traders to return, making yet more business before and during the reporting period of the larger listed companies. Despite quiet trade, Avanza's investment in promoting the distribution of IPO´s to retail investors has developed strongly. During the second quarter, Avanza participated in six IPO´s and new issues, and we expect to carry out just as many during the autumn", says Nicklas Storåkers, Managing Director of Avanza. For additional information, please contact Nicklas Storåkers, Managing Director of Avanza, telephone: +46(0)70-861 80 01. ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: The full report