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Sydbank Earnings Release 2018
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Earnings Release
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Sydbank to downgrade its 2018 profit expectations
Sydbank to downgrade its 2018 profit expectations
| Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders Company Announcement No 73/2018 |
Peberlyk 4 6200 Aabenraa Denmark Tel +45 74 37 37 37 Fax +45 74 37 35 36 Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk |
| 18 December 2018 |
Dear Sirs
Sydbank to downgrade its 2018 profit expectations
As a result of financial market developments, negative investment portfolio earnings as well as lower than usual trading income are expected for Q4 2018. Consequently profit after tax is forecast to be in the range of DKK 1,150m-1,225m. In the financial statements for Q1-Q3 2018 profit for the year after tax was expected to be in the range of DKK 1,250m-1,325m.
Yours sincerely
Torben Nielsen Karen Frøsig
Chairman CEO
Board of Directors
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