Inside information Spar Nord upgrades its guidance for 2019
Company Announcement no. 1
Spar Nord upgrades its guidance for 2019
On the basis of preliminary accounting figures for the fourth quarter of 2019, Spar Nord upgrades its full-year guidance for core earnings before impairment from DKK 1,200-1,300 million to DKK 1,320-1,330 million, while the forecast for the profit after tax is raised from DKK 925-1,025 million to DKK 1,050-1,060 million.
The upgrade is based on a number of aspects primarily expected to concern 2019, including a large number of remortgaged loans and lower-than-expected loan impairment charges.
Spar Nord's financial statements for 2019 and guidance for 2020 will be released as scheduled on 6 February 2020.
Should you have any questions in connection with this announcement, please contact Lasse Nyby, Chief Executive Officer, at tel. +45 2527 0001, or Ole Madsen, Head of IR, at tel. + 45 9634 4010.
Kind Regards,
Ole Madsen
Head of IR
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- Nr. 1 - Opjustering - UK
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Nr. 1 - Opjustering - UK.pdf
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NASDAQ OMX Nordic - NASDAQ OMX Stockholm AB published this content on 10 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2020 07:22:09 UTC
