23 January 2023
Expectations for profit in 2023
Sydbank expects profit after tax in the range of DKK 1,900-2,200m.
The expectations for profit in 2023 are based on the following:
Negative growth is projected for the Danish economy
Core income is expected to be higher than in 2022
Costs (core earnings) are projected to be higher than in 2022
Impairment charges are forecast to represent a minor expense
Non-recurring costs are expected to be in the range of DKK 50-60m
The outlook is subject to uncertainty and depends on financial market developments and macroeconomic factors which can affect the level of impairment charges.
Sydbank’s Annual Report for 2022 will be released on 1 March 2023 as planned.
Karen Frøsig Jørn Adam Møller
CEO Group Executive Vice President
Jørn Adam Møller, Deputy Group Chief Executive, tel +45 74 37 20 30 Susanne Ingemann Faber, Press Manager, tel +45 26 29 11 29