SEB — Earnings Release 2019

Apr 30, 2019

National Storage Mechanism | Additional information

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Press release

Stockholm, 30 April 2019

The operating result for the first quarter 2019 amounted to SEK 5.9bn and return on equity, excluding items affecting comparability, was 12.8 per cent.

"Being a universal bank, we continued to benefit from our diversified business exposure. Client activity levels remained sound in the first quarter, despite the seasonal slowdown. The operating profit of SEK 5.9bn was 12 per cent higher than the first quarter last year. Our strong capital position combined with high liquidity provide the financial strength needed to support our customers going forward", says Johan Torgeby, President and CEO.

Financial information

	Q1		Q4			Q1
SEK m	2019		2018	%		2018	%
Total operating income	11 907		11 744	1		10 787	10
Total operating expenses	-5 622		-5 561	1		-5 430	4
Net expected credit losses	- 422		- 413	2		- 109
Operating profit before items affecting comparability	5 864		5 768	2		5 256	12
Operating profit	5 864		5 768	2		5 256	12
NET PROFIT	4 681		4 576	2		3 995	17
Return on equity, %	12.7		12.4			11.6
Return on equity excluding items affecting comparability, %	12.8		12.8			11.5
Basic earnings per share, SEK	2.16		2.12			1.84
Common Equity Tier 1 capital ratio, %	17.1		17.6			19.0

You can download the Interim Report, Results Presentation and Fact Book from https://sebgroup.com/investor-relations/reports-and-presentations/financial-reports.

For further information, please contact

Masih Yazdi, Finance Director, +46 771 621 000

Christoffer Geijer, Head of Investor Relations,  +46 70 762 10 06

Frank Hojem, Head of Media Relations, +46 70 763 99 47

This is information that Skandinaviska Enskilda Banken AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 7 am CET, on 30 April 2019.

SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long-term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. At 31 March 2019, the Group's total assets amounted to SEK 2,886bn while its assets under management totalled SEK 1,790bn. The Group has around 15,000 employees. Read more about SEB at sebgroup.com

Interim Report January - March 2019

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*This announcement is distributed by West Corporation on behalf of West Corporation clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Skandinaviska Enskilda Banken AB via Globenewswire*