The online broker Avanza Bank reports higher than expected revenues in the fourth quarter. Operating profit was higher than expected. The Board proposes an increased ordinary dividend.

Total income amounted to SEK 1,062 million (882), which was better than Modular Finance's analyst consensus of SEK 1,017 million.

Operating expenses amounted to SEK 335 million (306), analyst consensus was SEK 338 million.

Operating profit amounted to SEK 728 million (580), expected to be SEK 679 million.

Net profit amounted to SEK 625 million (499), expected to be SEK 583 million.

The company increases the dividend to SEK 11.75 (11.5), expected was 10.61.

The cost increase for 2025 is estimated at 11 percent, mainly attributable to accelerated
cloud migration and investments in Private Banking and occupational pensions
Avanza, SEKmQ4-2024 ConsensusChange from consensusQ4-2023 Change from consensus
Revenues 1 062 1 017 4,4% 882 20,4%
Operating expenses-335 -338 -306
Operating result 728 679 7,2% 580 25,5%
Net result 625 583 7,2% 499 25,3%
Ordinary annual dividend per share, SEK 11,75 10,61 10,7% 11,5 2,2%
Consensus data from Modular Finance