January – December 2013 January 30, 2014

» Report presentation «

financial overview

January – December 2013

• Operating income increased by 5 percent to SEK 989.0 million (938.4)

• Profit after tax increased by 24 percent to SEK 233.8 million (188.9)

• EPS before dilution were up by 24 percent to SEK 1.34 (1.08)

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October – December 2013

• Operating income increased by 16 percent to SEK 263.5 million (227.7)

• Profit after tax increased by 20 percent to SEK 63.7 million (53.0)

• EPS before dilution were up by 20 percent to SEK 0.36 (0.30)

• Strong underlying growth in Denmark and Finland

• Strong market activity and Nordic indices ATH

• The Board of Directors suggests an increased dividend of SEK 0.85

per share (0.70)

events Q4 3

nordnet.dk nordnet.fi

customers and accounts

accounts/customer (Q4 2013): 1.24

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12M: 28,100 / 8% 12M: 43,500 / 10%

0

100,000

200,000

300,000

400,000

500,000

600,000

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Active customers Active accounts

savings capital and net savings (SEK billion)

5

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013

ne

t sa

vin

gs

savin

gs

ca

pita

l Net savings Savings capital

0.0

1.0

2.0

3.0

4.0

5.0

6.0

0

20

40

60

80

100

120

140

160

Q1

12

Q2

12

Q3

12

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

ne

t sa

vin

gs

savin

gs

ca

pita

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Net savings Savings capital

quarter 5 year overview

net savings 12M: SEK 8.7 billion

3,973

3,055

2,841 2,871

3,531

3,075

3,283

3,677

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

trades (thousands)

6

12M: 13,566

lending (SEK billion)

7

3.5

2.9 2.9 2.9 3.2 3.0 3.1 3.3

1.7

1.7 1.7 1.8

1.9 2.0 2.0 2.1

0.0

1.0

2.0

3.0

4.0

5.0

6.0

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Margin lending Private loans

137 132 126 126 119 120 120 124

107

81 79 77 101 91 100

111

20

21 8

25

24 28

23

29

0

50

100

150

200

250

300

Q1 12 Q2 12 Q3 12 Q412 Q113 Q213 Q313 Q4 13

Net interest income Net commission income Other income

revenue development (SEK million)

8

operating income 12M: SEK 989 million

172 181 179 179

174 170 171 180

0

20

40

60

80

100

120

140

160

180

200

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

cost development (SEK million incl. credit losses)

9

12M: SEK 695 million

93

53

33

49

70

68

72

84

0%

5%

10%

15%

20%

25%

30%

35%

40%

0

10

20

30

40

50

60

70

80

90

100

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Operating profit Operating margin

operating profit (SEK million)

10

operating profit 12M: SEK 294 million

income statement (SEK million)

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3 months 3 months 12 months 12 months

Consolidated Income Statement (SEK million) Oct-Dec 2013 Oct-Dec 2012 Jan-Dec 2013 Jan-Dec 2012

Net interest income 124.2 125.5 482.4 520.6

Net commission income 110.6 77.3 403.3 344.2

Other income 28.7 24.8 103.2 73.6

Total operating income 263.5 227.7 989.0 938.4

General administrative expenses -144.0 -140.8 -549.8 -562.3

Depeciation and amortization -17.0 -16.1 -66.5 -63.2

Other operating expenses -10.5 -9.9 -39.9 -41.1

Total operating expenses -171.5 -166.8 -656.2 -666.5

Profit before credit losses 92.0 60.9 332.8 271.9

Net credit losses -8.5 -12.2 -38.8 -44.7

Operating profit 83.6 48.7 294.0 227.2

Tax on profit for the period -19.8 4.3 -60.2 -38.3

Profit for the period 63.7 53.0 233.8 188.9

Earnings per share before dilution 0.36 0.30 1.34 1.08

balance sheet (SEK million)

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Consolidated Statement of Financial Position (SEK million) 31/12/2013 31/12/2012

Loans to credit institutions 967.6 1465.0

Loans to the public 5,455.5 4737.3

Financial assets 7,645.7 5388.0

Financial assets - policy holders bearing the risk 23,764.9 18961.7

Tangible and intangible assets 480.7 507.1

Current tax assets 99.9 7.2

Other assets 1,141.0 213.9

Prepaid expenses and accrued income 138.9 111.8

Total assets 39,694.2 31,391.9

Deposits and borrowing by the public 12,898.6 10,487.7

Liabilit ies to policyholders 23,765.6 18,962.3

Other liabilit ies 1,404.7 427.9

Shareholders' equity 1,621.0 1514.0

Non-controlling interest 4.4 -

Total equtity 1,625.4 1514.0

Total liabilities and equity 39,694.2 31391.9

capital coverage (SEK million)

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Capital requirements for the financial conglomerate (SEK million) 31/12/2013 31/12/2012

Total equity, Group 1,625.4 1,514.0

Plus subordinated liablities 175.7 175.7

Less suggested/assumed div idend for current year -148.8 -122.5

Less intangible fixed assets and deferred tax receivables -447.4 -475.3

Capital base 1,205.0 1,091.9

Capital requirement for regulated units within the banking

and securities sector 549.2 444.2

Theoretical solvency requirement for non-regulated units in

the largest financial sector 0.8 0.8

Capital requirement for regulated units within the insurance

sector 32.6 32.2

Capital requirement 582.6 477.2

Capital surplus 622.4 614.7

Capital coverage ratio 2.07 2.29

looking ahead

• Prioritizing growth on all markets

• Social investing

• Innovation

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