Company announcement
Announcement no. 3/2019
BankNordik narrows financial guidance for 2018
BankNordik is narrowing the range of its guidance figures for the full year of 2018. Guidance on operating profit before impairment charges is narrowed from previously guided DKK 160-200m to DKK 170-190m and net profit guidance is narrowed from previously guided DKK 240-280m to DKK 250-270m, corresponding to DKK 25-27 per share.
“The fourth quarter of 2018 passed without any significant adverse impact on insurance activities, although we did incur somewhat higher expenditures related to marketing and IT. As a result, I’m pleased to be able to narrow the Group’s guidance figures around the previously guided mid-points.” said BankNordik CEO, Árni Ellefsen.
This guidance is subject to general economic and financial uncertainty.
Further details will be published in the 2018 Annual Report on 28 February 2019.
Further information:
Árni Ellefsen, CEO, tel. (+298) 230 348
BankNordik has banking activities in Denmark, Greenland and the Faroe Islands and insurance activities in the Faroe Islands. Founded in the Faroe Islands more than a century ago, the Group has total assets of DKK 16.7bn and 385 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on Nasdaq Copenhagen.