Interim Report January-September 2019

Third quarter 2019 compared to third quarter 2018

• Customer growth was 36,800 (32,200), an increase of 14 per cent
• Net inflow in the quarter was SEK 9,940 million (8,380), an increase of 19 per cent
• Operating income increased by 17 per cent. All revenue lines improved, but mainly net interest income and net brokerage income
• Operating expenses increased by 10 per cent, mainly due to higher personnel cost. The long-term guidance on Avanza’s annual cost increase is 9−12 per cent, with a budget figure for 2019 of 10.5 per cent
• Net profit amounted to SEK 138 million, an increase of 30 per cent
• Biometric logins with fingerprint authentication and facial recognition were introduced in the apps, giving customers simpler and faster access to Avanza
• Further steps were taken to improve Open Banking with the goal to give customers a better overview of their finances
• New “My pages” are being rolled out. The pages have several new functions such as new navigation and a personalised start page
• Swish was added as an alternative for direct deposits, making it easier to start saving
• Camilla Hedenfelt, the new HR Manager and member of Group Management, took on her role on 1 September

Quote from Rikard Josefson, CEO Avanza
“Operating profit was record high and we see that our increased investments in development and innovation are beginning to pay off. For the nine-month period, revenues increased faster than costs. If nothing unexpected happens, I am confident that we will reach this target for the full-year 2019 as well. The engagement among our employees is crucial for us to succeed, and I am pleased therefore that we have achieved our employee target for 2019.”

A webcast presentation will be held by Rikard Josefson, CEO, and Birgitta Hagenfeldt, CFO, on 17 October 2019 at 10.00 (CEST). The presentation will be held in English and there will be opportunities to ask questions. The presentation can be followed at investors.avanza.se. Phone number for participants:

• Sweden: +46 (0)8 566 426 51
• UK: +44 33 330 008 04
• US: +1 63 191 314 22

This Interim Report is published in Swedish and English. In the event of any difference between the English version and the Swedish original, the Swedish version shall prevail.

For further information please contact:
Rikard Josefson, CEO
+46 70 206 69 55
rikard.josefson@avanza.se

Birgitta Hagenfeldt, CFO and Deputy CEO
+46 73 661 80 04
birgitta.hagenfeldt@avanza.se

Sofia Svavar, Head of Investor Relations
+46 8 409 420 17
sofia.svavar@avanza.se

Avanza is a digital platform for savings and investments, founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza’s customer promise is a better return on your savings than with any other bank or pension provider in Sweden. Services include saving in shares, funds, savings accounts, mortgages and a strong pension offering. Avanza has more than 900,000 customers with over SEK 300 billion in total savings capital. This is equivalent to 4.2 per cent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange including First North. During the last nine years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: investors.avanza.se