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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