Mittwoch, 29.01.2020 07:00 von GlobeNewswire | Aufrufe: 1765

SEB's fourth quarter 2019 result

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The operating profit for the fourth quarter 2019 amounted to SEK 7.1bn with a return on equity of 15.5 per cent and a Common Equity Tier 1 capital ratio of 17.6 per cent. The Board of Directors proposes a dividend to the shareholders of SEK 6.25 per share.

"This was yet another quarter of high client activity and we continued to grow across our home markets. Our diversified business model continued to serve us well and we benefited from the favourable financial markets. The operating profit rose by 22 per cent compared with the same period last year”, says Johan Torgeby, President and CEO.

Financial information

  Q4   Q3   Q4   Jan–Dec
SEK m 2019   2019 %   2018 %   2019 2018 %
Total operating income 14 089   11 942 18   11 744 20   50 134 45 868 9
Total operating expenses -6 026   -5 589 8   -5 561 8   -22 945 -21 940 5
Net expected credit losses - 997   - 489 104   - 413 142   -2 294 -1 166 97
Operating profit before
items affecting comparability
7 063   5 864 20   5 768 22   24 894 22 779 9
Items affecting comparability                   4 506 -100
Operating profit 7 063   5 864 20   5 768 22   24 894 27 285 -9
NET PROFIT 5 831   4 772 22   4 576 27   20 177 23 134 -13
                       
Return on equity, % 15.5   13.2     12.4     13.7 16.3  
Return on equity excluding items affecting comparability, % 15.5   13.2     12.8     13.8 13.4  
Basic earnings per share, SEK 2.70   2.21     2.12     9.33 10.69  

You can download the Quarterly Report, Results Presentation and Fact Book from https://sebgroup.com/investor-relations/reports-and-presentations/financial-reports.

For further information, please contact
Masih Yazdi, CFO, +46 771 621 000
Christoffer Geijer, Head of Investor Relations,  +46 70 762 10 06
Frank Hojem, Head of Corporate Communication, +46 70 763 99 47

This is information that Skandinaviska Enskilda Banken AB (publ) is obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out
above, at around 7.00 am CET, on 29 January 2020.

SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long-term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. At 31 December 2019, the Group's total assets amounted to SEK 2,857bn while its assets under management totalled SEK 2,041bn. The Group has around 15,000 employees. Read more about SEB at sebgroup.com


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