Nordnet AB
SAVE
ISIN SE0015192067 / Valor 58372832
Nordnet AB
UMushroom community rating:
About company
Nordnet AB is a pan-Nordic digital platform for savings and investments that aims to democratize access to financial markets for private savers. Established in 1996, the company provides innovative, transparent, and user-friendly services that challenge traditional structures in the industry. With a focus on simplicity, transparency, and cutting-edge financial products, Nordnet offers private investors access to the same tools and information as professionals, creating an inclusive and empowering platform for savings and investments.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (26.12.2024):
Operating Profit Growth
Nordnet AB reported an operating profit of SEK 852 million for the third quarter of 2024, marking a 6 percent increase compared to the same period in the previous year. This growth reflects the company's strong performance in its core operations, particularly in share trading and fund savings.
Revenue Increase
For the third quarter of 2024, Nordnet AB achieved an operating income of SEK 1,226 million, up from SEK 1,155 million in the third quarter of 2023. This increase in revenue is attributed to heightened trading activity and robust net savings, especially in Nordnet's own funds.
Earnings Per Share
Nordnet AB's earnings per share after dilution for the third quarter of 2024 stood at SEK 2.70, compared to SEK 2.49 in the same quarter of the previous year. This improvement in earnings per share underscores the company's effective cost management and profitability.
Customer Milestone
During the third quarter of 2024, Nordnet AB reached a significant milestone by surpassing 2 million customers. This achievement represents the highest level of customer growth the company has experienced in two years, driven by enhanced app functionality and user engagement.
Outlook and Innovations
Looking ahead, Nordnet AB plans to launch algorithmic trading and a Danish pension product, livrente, marking its entry into the Danish pensions market. These initiatives are expected to further strengthen Nordnet's position in the Nordic region and provide private investors with advanced trading tools.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5309 M
Market cap (USD)
86,420
Daily traded volume (Shares)
234.2 / 230
1 day high/low (USD)
52 weeks high/low (USD)
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EPS (USD)
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Ratings & reviews
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