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Sydbank Earnings Release 2022
3387_iss_2022-09-19_37cae703-b378-45cd-b990-1f4a9b30b353.html
Earnings Release
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Company Announcement No 46/2022
Company Announcement No 46/2022
| Company Announcement No 46/2022 | Peberlyk 4 6200 Aabenraa, Denmark Tel +45 70 10 78 79 Fax +45 74 37 35 36 Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk |
| 19 September 2022 |
Dear Sirs
Sydbank A/S raises guidance for 2022
Profit after tax in the range of DKK 1,500-1,700m now expected
Expectations for profit after tax are adjusted upwards to be in the range of DKK 1,500-1,700m. In connection with the release of the Interim Report – First Half 2022 on 24 August 2022, we announced that we expected profit after tax to be in the range of DKK 1,350-1,550m for 2022.
Developments in Q3 2022 have been characterised by:
- a significant increase in core income
- continued tight cost control
Impairment charges for loans and advances etc are expected to have a limited impact on profit for Q3 2022. The management estimates are expected to be unchanged at end-Q3 2022.
The outlook for 2022 is subject to uncertainty and depends on financial market developments and macroeconomic factors.
Sydbank’s Interim Report – Q1-Q3 2022 will be released on 2 November 2022 as planned.
Yours sincerely
Karen Frøsig Jørn Adam Møller
CEO Deputy Group Chief Executive
Additional information
Jørn Adam Møller, Deputy Group Chief Executive, tel +45 74 37 20 30
Susanne Ingemann Faber, Press Manager, tel +45 26 29 11 29
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