Advertisement
UK markets close in 5 hours 7 minutes
  • FTSE 100

    7,956.56
    +24.58 (+0.31%)
     
  • FTSE 250

    19,863.56
    +52.90 (+0.27%)
     
  • AIM

    743.39
    +1.28 (+0.17%)
     
  • GBP/EUR

    1.1696
    +0.0027 (+0.23%)
     
  • GBP/USD

    1.2624
    -0.0014 (-0.11%)
     
  • Bitcoin GBP

    56,113.76
    +599.59 (+1.08%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CRUDE OIL

    82.39
    +1.04 (+1.28%)
     
  • GOLD FUTURES

    2,232.40
    +19.70 (+0.89%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,505.00
    +27.91 (+0.15%)
     
  • CAC 40

    8,242.66
    +37.85 (+0.46%)
     

Nykredit raises its guidance for 2021

To Nasdaq Copenhagen A/S

12 October 2021

Nykredit raises its guidance for 2021


Financial mutual Nykredit raises its guidance for business profit and profit before tax for 2021 by DKK 1.25 billion to DKK 9.50-10.00 billion from the former DKK 8.25-8.75 billion.

Our earnings upgrade is driven by continued high activity and satisfactory business growth, continued low loan impairment charges as well as a favourable performance in Q3 by the investment and derivatives portfolios.

Michael Rasmussen, Group Chief Executive, says:
– We continued to record satisfactory growth in core business activities and customers in both Nykredit Bank and Totalkredit coupled with sustained tailwinds in financial markets.

ADVERTISEMENT

– So far, this year has brought about positive business and housing market trends, and we anticipate a more normalised operating environment with cautious optimism following a long and uncertain period caused by the pandemic. We maintain provisions of DKK 2 billion for any future corona-related losses.

Nykredit Bank raises its guidance for business profit and profit before tax for 2021 to DKK 2.8-3.3 billion from DKK 2.4-2.9 billion.

Totalkredit raises its guidance for profit before tax for 2021 to DKK 2.4-2.8 billion from DKK 2.3-2.7 billion.

As scheduled, the Nykredit Group will publish its Q1-Q3 Interim Report for 2021 on 4 November 2021. Nykredit's Management will be available for further comments at that time.

Nykredit Press Relations: Tel +45 20 37 28 69.

Attachment