First quarter 2017 compared to first quarter 2016
Quote from Johan Prom, CEO Avanza
“We have had a record start to 2017 despite more intense competition in terms of price pressure and new challengers. The transformation of the financial services industry has just begun, and as consumers have more providers to choose from, they will need a better overview of their finances. We continue to improve our offering and user experience to satisfy customer needs. Avanza’s platform, customer focus and innovation capabilities are well suited to the new market climate.”
|Operating income, SEK m||247||247||–||226||9|
|Operating expenses, SEK m||–126||–130||–3||–112||13|
|Operating profit, SEK m||121||117||3||115||5|
|Net profit, SEK m||103||101||2||98||5|
|Earnings per share, SEK||3.46||3.39||2||3.35||3|
|Operating margin, %||49||47||2||51||–2|
|Net inflow, SEK m||8,620||6,210||39||4,960||74|
|No. new customers (net)||38,400||29,300||31||26,100||47|
|Savings capital at the end of the period, SEK m||246,300||231,000||7||188,900||30|
This information is information that Avanza Bank Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.15 (CEST) on 20 April 2017.
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.