Anuncio • Dec 10
Sydbank A/S Revises Earnings Guidance for the Year 2025 Sydbank A/S revised earnings guidance for the year 2025. The Board of Directors decided this evening that Bankdata will be the future provider of IT solutions for AL Sydbank A/S. The exit from BEC is subject to payment of an exit fee, which, as a result of the speed of the merger process, is payable already in December 2025 (previously expected in 2026). Consequently profit for the year after tax is now projected to be in the range of DKK 1,700 million - DKK 1,900 million compared to a previously expected range of DKK 2,400 million - DKK 2,600 million. Anuncio • Dec 05
Sydbank A/S Approves Board Changes At Sydbank's extraordinary general meeting on 4 December 2025 where the merger of Sydbank A/S, Aktieselskabet Arbejdernes Landsbank and Vestjysk Bank A/S was approved, the following new board members were elected to the Board of Directors: Claus Jensen, Trade Union President, the Danish Metal Workers' Union; Caroline Søeborg Ahlefeldt-Laurvig-Bille, Investment Director; Henning Egon Josefsen Overgaard, Trade Union President, the United Federation of Danish Workers (3F); and Christian Riewe, Attorney-at-Law and Partner, Law Firm Bjørst. After the extraordinary general meeting the Board of Directors elected Ellen Trane Nørby as Chair and Claus Jensen as Vice Chair. Consequently the Board of Directors consists of the following members: Ellen Trane Nørby (Chair), Claus Jensen (Vice Chair), Søren Holm, Janne Moltke-Leth, Jon Stefansson, Susanne Schou, Brian Østergaard Roed, Caroline Søeborg Ahlefeldt-Laurvig-Bille, Henning Egon Josefsen Overgaard, Christian Riewe as well as the following 4 members elected by the employees: Jarl Oxlund, Jørn Krogh Sørensen, Carsten Andersen and Pia Wrang. Anuncio • Oct 31
Sydbank A/S Clarifies Earnings Guidance for the Year 2025 Sydbank A/S clarified earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,400 million - DKK 2,600 million compared to a previously expected range of DKK 2,200 million - DKK 2,600 million . Anuncio • Aug 28
Sydbank A/S Provides Earnings Guidance for the Year 2025 Sydbank A/S provided earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,200 million -2,600 million. Anuncio • Feb 28
Sydbank A/S announces Annual dividend, payable on March 25, 2025 Sydbank A/S announced Annual dividend of DKK 26.8800 per share payable on March 25, 2025, ex-date on March 21, 2025 and record date on March 24, 2025. Anuncio • Feb 26
Sydbank A/S (CPSE:SYDB) announces an Equity Buyback for 5,400,000 shares, for DKK 1,350 million. Sydbank A/S (CPSE:SYDB) announces a share repurchase program. Under the program, the company will repurchase up to 5,400,000 shares for DKK 1,350 million. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The purpose of the program is to reduce the share capital of the company, optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2026. Anuncio • Feb 20
Sydbank A/S Announces Resignation of Board Chairman Lars Mikkelgaard-Jensen, Effective March 20, 2025 After a decade on Sydbank A/S’s Board of Directors, Chairman Lars Mikkelgaard-Jensen has decided to resign from the Board of Directors. Lars Mikkelgaard-Jensen is not up for re-election for the Board of Directors. Following the successful CEO succession in 2024 as well as the determination of the Bank’s new strategy, Lars Mikkelgaard-Jensen has decided that now is a good time to stop and he will resign in connection with the Annual General Meeting on 20 March 2025. The Board of Directors will elect its new Chairman at the subsequent Shareholders’ Committee meeting which will be held on the same day. Lars Mikkelgaard-Jensen has been a member of Sydbank’s Board of Directors since April 2015 and he was elected Chairman in September 2019. Anuncio • Dec 19
Sydbank A/S Revises Earnings Guidance for the Year 2024 Sydbank A/S revised earnings guidance for the year 2024. For the year, the company announced as a result of a major restructuring of Better Energy there is a risk of impairment charges in the region of DKK 450 million. As a consequence of this, profit after tax is expected to be in the range of DKK 2,700 million to DKK 2,900 million compared to DKK 2,800 million to DKK 3,100 million as previously announced. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: kr.14.30 (vs kr.16.11 in 3Q 2023) Third quarter 2024 results: EPS: kr.14.30 (down from kr.16.11 in 3Q 2023). Revenue: kr.1.84b (down 4.7% from 3Q 2023). Net income: kr.767.0m (down 15% from 3Q 2023). Profit margin: 42% (down from 47% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Anuncio • Aug 23
Sydbank A/S, Annual General Meeting, Mar 20, 2025 Sydbank A/S, Annual General Meeting, Mar 20, 2025. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: kr.13.98 (vs kr.13.24 in 2Q 2023) Second quarter 2024 results: EPS: kr.13.98 (up from kr.13.24 in 2Q 2023). Revenue: kr.1.88b (up 3.0% from 2Q 2023). Net income: kr.753.0m (flat on 2Q 2023). Profit margin: 40% (in line with 2Q 2023). Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: kr.13.98 (vs kr.13.24 in 2Q 2023) Second quarter 2024 results: EPS: kr.13.98 (up from kr.13.24 in 2Q 2023). Revenue: kr.1.88b (up 3.0% from 2Q 2023). Net income: kr.753.0m (flat on 2Q 2023). Profit margin: 40% (in line with 2Q 2023). Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Anuncio • Jun 13
Sydbank A/S Revises Earnings Guidance for 2024 Sydbank A/S revised earnings guidance for 2024. For the period, Expectations are revised upwards to a profit after tax in the range of DKK 2,800 million -3,100 million. When the interim report for First Quarter 2024 was published on 1 May 2024 profit for the year after tax was expected to be in the range of DKK 2,500 million -2,900 million. The upward revision is based on the fact that the development in the core income has been more favourable than anticipated and moreover the robustness of the Danish economy remains impressive considering the interest rate level. Anuncio • May 22
Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million. Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million on May 21, 2024. The consideration consists of payment of the value of the equity at the date of acquisition plus DKK 89 million. Following the acquisition, Coop Bank will become a wholly owned subsidiary of Sydbank A/S. The transaction is subject to approval of Danish financial supervisory authority and Danish Competition and Consumer Authority and is expected to be closed on July 31, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: kr.15.50 (vs kr.12.75 in 1Q 2023) First quarter 2024 results: EPS: kr.15.50 (up from kr.12.75 in 1Q 2023). Revenue: kr.1.96b (up 9.2% from 1Q 2023). Net income: kr.858.0m (up 19% from 1Q 2023). Profit margin: 44% (up from 40% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Anuncio • Mar 27
Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK). Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK) on March 26, 2024. Sydbank has increased its ownership in Fynske Bank to more than 20% of the shares.Sydbank A/S (CPSE:SYDB) completed the acquisition of unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK) on March 26, 2024. Upcoming Dividend • Mar 15
Upcoming dividend of kr.30.56 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 26 March 2024. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 7.8%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (6.8%). Declared Dividend • Mar 06
Dividend of kr.30.56 announced Shareholders will receive a dividend of kr.30.56. Ex-date: 22nd March 2024 Payment date: 26th March 2024 Dividend yield will be 60%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €50.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €86.76 per share. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: kr.58.80 (vs kr.32.35 in FY 2022) Full year 2023 results: EPS: kr.58.80 (up from kr.32.35 in FY 2022). Revenue: kr.7.46b (up 34% from FY 2022). Net income: kr.3.34b (up 80% from FY 2022). Profit margin: 45% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Anuncio • Jan 25
Sydbank A/S Provides Earnings Guidance for 2024 Sydbank A/S provided earnings guidance for 2024. For the period, the company expects profit after tax in the range of DKK 2,500 to 2,900m. Anuncio • Dec 21
Sydbank A/S to Revises Earnings Expectations Upwards as for 2023 Sydbank A/S revise earnings expectations upwards as regards profit for 2023. For the period, the company expects Profit after tax to be in the range of DKK 3,200 million - DKK 3,350 million as compared to be in the range of DKK 3,000 million - DKK 3,200 million expected previously. Anuncio • Dec 07
Sydbank A/S Announces Management Changes Sydbank A/S announced change in the composition of Sydbank’s Group Executive Management. The position of Deputy Group Chief Executive with responsibility for Credits and Compliance etc. is handed over to a new member of the Group Executive Management from the Bank’s own ranks. Member of the Group Executive Management and Deputy Group Chief Executive Bjarne Larsen resigns from his position in this connection. Sydbank’s current Group Executive Vice President, Credits, Stig Westergaard, is appointed as Deputy Group Chief Executive with responsibility for Credits and Compliance etc. The Board of Directors has decided to change the composition of the Group Executive Management. The changes are effective immediately. Stig Westergaard is a trained lawyer and has been employed with Sydbank for 20 years. He has been responsible for the Legal Department, Compliance and most recently Credits. Stig Westergaard is 56 years old, married, and the father of three children. The family lives in Kolding. Sydbank’s Group Executive Management thus consists of CEO Karen Frøsig, Deputy Group Chief Executive Jørn Adam Møller and Deputy Group Chief Executive Stig Westergaard. As previously announced by Sydbank, Mark Luscombe will join Sydbank as Deputy Group Chief Executive on 1 April 2024 with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: kr.16.10 (vs kr.7.45 in 3Q 2022) Third quarter 2023 results: EPS: kr.16.10 (up from kr.7.45 in 3Q 2022). Revenue: kr.1.93b (up 50% from 3Q 2022). Net income: kr.914.0m (up 114% from 3Q 2022). Profit margin: 48% (up from 33% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Anuncio • Nov 02
Sydbank A/S Provides Earnings Guidance for the Year 2023 Sydbank A/S provided earnings guidance for the year 2023. For the year, the company expects Core income is expected to be higher than in 2022. Impairment charges are forecast to represent a minor expense. Profit after tax is now expected to be in the range of DKK 3,000 million to 3,200 million. Anuncio • Oct 05
Sydbank Announces Executive Changes On 29 September 2023, Sydbank announced that Karen Frøsig, its CEO of 13 years, wishes to retire. On 2 October 2023 the company announced that on 1 April 2024 Mark Luscombe will join Sydbank as Deputy Group Chief Executive with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Mark Luscombe comes from a position as Country Manager at SEB in Denmark. Mark Luscombe and his extensive experience from Citibank and SEB, where Mark Luscombe is currently Country Manager, represents all of that and therefore he can continue to work on strengthening Sydbank’s brand as the preferred bank of the corporate sector and on perfecting the Bank's offers to retail clients looking for professional advice. In connection with Sydbank’s appointment of Mark Luscombe, he was considered fit and proper by the Danish Financial Supervisory Authority as CEO. Mark Luscombe is an employee of SEB until 31 March 2024 and consequently further comments will not be provided at this time. Deputy Group Chief Executive Bjarne Larsen and Deputy Group Chief Executive Jørn Adam Møller will continue in their positions in the Group Executive Management. Anuncio • Oct 01
Sydbank A/S Announces Retirement of Karen Frøsig, CEO Sydbank A/S announced that Karen Frøsig, CEO, has notified the Board of Directors that she wishes to retire in 2024. Karen Frøsig has been with Sydbank since 1994. First as Chief Legal Adviser and since 2008 as a member of the Group Executive Management. She has held the position of CEO since 2010. The Board of Directors has therefore worked on finding her successor and her replacement has been found. On 1 April 2024 the future CEO will join Sydbank as Deputy Group Chief Executive with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Deputy Group Chief Executive Bjarne Larsen and Deputy Group Chief Executive Jørn Adam Møller will continue in their positions in the Group Executive Management. Anuncio • Sep 15
Sydbank A/S Revises Earnings Guidance for the Year 2023 Sydbank A/S revised earnings guidance for the year 2023. For the period, the company's expectations are revised upwards to a profit after tax in the range of DKK 2,900 million - DKK 3,200 million. In Company Announcement 12 on 14 June 2023 the company expected a profit after tax in the range of DKK 2,600 million - DKK 2,900 million for 2023. Anuncio • Aug 23
Sydbank A/S Provides Earnings Outlook for the Year 2023 Sydbank A/S provided earnings outlook for the year 2023. For the period, the company expects Core income is expected to be higher than in 2022. Costs (core earnings) are projected to be higher than in 2022. Profit after tax is expected to be in the range of DKK 2,600-2,900 million. New Risk • Aug 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: kr.13.25 (vs kr.5.09 in 2Q 2022) Second quarter 2023 results: EPS: kr.13.25 (up from kr.5.09 in 2Q 2022). Revenue: kr.1.83b (up 53% from 2Q 2022). Net income: kr.769.0m (up 161% from 2Q 2022). Profit margin: 42% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 44% per year. Anuncio • Jul 18
Sydbank A/S (CPSE:SYDB) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 23, 2023. Sydbank A/S (CPSE:SYDB) commences share repurchases on July 10, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 23, 2023. As per the mandate, the company is authorized to repurchase up to 10% of the company's share capital. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The plan is valid till the next annual general meeting.
On July 6, 2023, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 4,000,000 shares for DKK 600 million. The repurchase will commence on July 10, 2023. The purpose of the program is to optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2024. Anuncio • Jun 15
Sydbank A/S Revises Earnings Guidance for the Year 2023 Sydbank A/S revised earnings guidance for the year 2023. The company revised its expectations upwards as regards profit for 2023. Expectations are revised upwards to a profit after tax in the range of DKK 2,600-2,900 million. In Company Announcement 5 on 15 March 2023we announced that it expected a profit after tax in the range of DKK 2,300-2,600 million for 2023. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: kr.12.80 (vs kr.7.35 in 1Q 2022) First quarter 2023 results: EPS: kr.12.80 (up from kr.7.35 in 1Q 2022). Revenue: kr.1.79b (up 28% from 1Q 2022). Net income: kr.732.0m (up 71% from 1Q 2022). Profit margin: 41% (up from 31% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 42% per year. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: kr.32.20 (vs kr.23.18 in FY 2021) Full year 2022 results: EPS: kr.32.20 (up from kr.23.18 in FY 2021). Revenue: kr.5.49b (up 1.8% from FY 2021). Net income: kr.1.90b (up 39% from FY 2021). Profit margin: 35% (up from 25% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Director Soren Holm was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • Jan 24
Sydbank A/S Provides Earnings Guidance for the Year 2023 Sydbank A/S provided earnings guidance for the year 2023. For the year, the company expects profit after tax in the range of DKK 1,900 million to DKK 2,200 million. Anuncio • Dec 23
Sydbank A/S Revises Earnings Guidance for the Year 2022 Sydbank A/S revised earnings guidance for the year 2022. For the year, the company expected profit after tax in the range of DKK 1,850 million - DKK 1,950 million as compared to prior expected a profit after tax in the range of DKK 1,700 million - DKK 1,850 million for 2022. Anuncio • Nov 23
Sydbank A/S Revises Earnings Guidance for the Year 2022 Sydbank A/S revised earnings guidance for the year 2022. For the period, the company Expectations for profit after tax to be in the range of DKK 1,700 million to DKK 1,850 million. In connection with the release of the Interim Report for first quarter-third quarter 2022 on 2 November, the company announced that the expected a profit after tax in the range of DKK 1,500 million to DKK 1,700 million for 2022. Anuncio • Nov 08
Sydbank A/S Announces Executive Changes Sydbank A/S appointed Mads Kjølsen Olsen as its new head of asset management. Michael Andersen, left in October after 14 years in the role and 25 years at the company. Kjølsen Olsen has spent nearly 20 years at Sydbank, starting as a fixed income analyst in 2003, and has held key leadership roles in the firm’s asset management department since 2008. In his most recent position as managing director and senior vice president, he managed 15 employees and was responsible for asset allocation, including fund selection, as well as clients, pension funds and the sale of asset management agreements to institutional and larger private banking customers. Kjølsen Olsen assumed his new position as asset management head in November. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: kr.7.40 (vs kr.5.99 in 3Q 2021) Third quarter 2022 results: EPS: kr.7.40 (up from kr.5.99 in 3Q 2021). Revenue: kr.1.29b (up 4.3% from 3Q 2021). Net income: kr.436.0m (up 23% from 3Q 2021). Profit margin: 34% (up from 29% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Anuncio • Nov 03
Sydbank A/S Provides Earnings Guidance for the Year 2022 Sydbank A/S provided earnings guidance for the year 2022. For the period, Core income is expected to be higher than in 2021. Profit after tax is expected to be in the range of DKK 1,500 million to DKK 1,700 million. Anuncio • Sep 20
Sydbank A/S Revises Earnings Guidance for the Year 2022 Sydbank A/S revised earnings guidance for the year 2022. For the period, the company 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, it announced that it expected profit after tax to be in the range of DKK 1,350-1,550m for 2022. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: kr.5.08 (vs kr.5.77 in 2Q 2021) Second quarter 2022 results: EPS: kr.5.08 (down from kr.5.77 in 2Q 2021). Revenue: kr.1.16b (down 20% from 2Q 2021). Net income: kr.292.0m (down 15% from 2Q 2021). Profit margin: 25% (up from 24% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the Banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • May 05
Sydbank A/S Provides Earnings Guidance for the Full Year of 2022 Sydbank A/S provided earnings guidance for the full year of 2022. For the year, the company expects Growth is projected in the Danish economy in 2022; Core income is expected to be higher than in 2021; Costs (core earnings) are projected to be lower than in 2021; Profit after tax is expected to be in the range of DKK 1,350 million - DKK 1,550 million; and The outlook for 2022 is subject to uncertainty and depends on financial market developments and macroeconomic factors. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: kr.7.62 (vs kr.4.67 in 1Q 2021) First quarter 2022 results: EPS: kr.7.62 (up from kr.4.67 in 1Q 2021). Revenue: kr.562.0m (down 55% from 1Q 2021). Net income: kr.445.0m (up 61% from 1Q 2021). Profit margin: 79% (up from 22% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 8.1% compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Anuncio • Apr 26
Sydbank A/S Revises Upwards Its Expectations for Profit for the Year for 2022 Sydbank A/S provided expectation for profit for the year is revised upwards to be in the range of DKK 1,350 million -1,550 million. In connection with the release of the 2021 Annual Report on 2 March 2022, announced that expected a profit after tax in the range of DKK 1,150 million -1,450 million for 2022. Upcoming Dividend • Mar 18
Upcoming dividend of kr.12.00 per share Eligible shareholders must have bought the stock before 25 March 2022. Payment date: 29 March 2022. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (3.6%). In line with average of industry peers (5.8%). Buying Opportunity • Mar 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be kr.33.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% per annum over the last 3 years. Earnings per share has grown by 13% per annum over the last 3 years. Anuncio • Mar 07
Sydbank Announces Staff Elected to its Board of Directors Sydbank A/S announced staff elected to Sydbank’s Board of Directors. Jarl Oxlund (re-elected), Chairman of Sydbank Kreds; Jørn Krogh Sørensen (re-elected), Credit Consultant; Carsten Andersen (re-elected), Account Manager, Corporate Clients; Pia Wrang (new member), Vice President, Private Banking. Tina Haurvig, member of Sydbank Kreds was elected a substitute. The terms of office of the newly elected employee representatives will take effect following Sydbank’s AGM on 24 March 2022. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr.23.00 (up from kr.13.53 in FY 2020). Revenue: kr.5.17b (up 34% from FY 2020). Net income: kr.1.41b (up 77% from FY 2020). Profit margin: 27% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 3.9% compared to a 9.3% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Anuncio • Mar 03
Sydbank A/S Provides Earnings Guidance for the Year 2022 Sydbank A/S provided earnings guidance for the year 2022. Core income is expected to be higher than in 2021. Profit after tax is expected to be in the range of DKK 1,150 million to DKK 1,450 million. Anuncio • Jan 16
Sydbank A/S Provides Earnings Guidance for 2022 Sydbank A/S provided earnings guidance for 2022. Profit after tax is expected to be in the range of DKK 1,150-1,450 million. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS kr.6.00 (vs kr.4.08 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.1.24b (up 28% from 3Q 2020). Net income: kr.368.0m (up 54% from 3Q 2020). Profit margin: 30% (up from 25% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Oct 20
Upcoming dividend of kr.5.70 per share Eligible shareholders must have bought the stock before 27 October 2021. Payment date: 29 October 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS kr.5.68 (vs kr.4.44 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: kr.1.26b (flat on 2Q 2020). Net income: kr.368.0m (up 41% from 2Q 2020). Profit margin: 29% (up from 21% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Anuncio • Aug 25
Sydbank A/S Provides Earnings Guidance for Full Year 2021 Sydbank A/S provides earnings guidance for full year 2021. For the year, Growth is projected in the Danish economy in 2021 and is expected to exceed the negative growth in 2020. Total income is expected to rise sharply as a result of the acquisition of Alm. Brand Bank and measures implemented as regards deposits and fees. Profit after tax is expected to be in the range of DKK 1,150 million-DKK 1,350 million. Reported Earnings • May 03
First quarter 2021 earnings released: EPS kr.4.67 (vs kr.0.73 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr.1.26b (up 57% from 1Q 2020). Net income: kr.277.0m (up kr.234.0m from 1Q 2020). Profit margin: 22% (up from 5.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 19
Upcoming Dividend of kr.4.00 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 26th of March. The trailing yield of 2.4% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (3.8%). Analyst Estimate Surprise Post Earnings • Mar 03
Revenue beats expectations Revenue exceeded analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 16%, compared to a 28% growth forecast for the Banks industry in Germany. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS kr.12.80 (vs kr.14.12 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: kr.3.87b (down 2.0% from FY 2019). Net income: kr.799.0m (down 6.3% from FY 2019). Profit margin: 21% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Anuncio • Feb 24
Opendo A/S acquired Alm.Brand Leasing A/S from Sydbank A/S (CPSE:SYDB). Opendo A/S acquired Alm.Brand Leasing A/S from Sydbank A/S (CPSE:SYDB) on February 22, 2021. The purchase price will be paid in cash. In related transaction Sydbank A/S (CPSE:SYDB) agreed to acquire 10.4% stake in Opendo A/S.
Opendo A/S completed the acquisition of Alm.Brand Leasing A/S from Sydbank A/S (CPSE:SYDB) on February 22, 2021. Anuncio • Feb 23
Sydbank A/S (CPSE:SYDB) agreed to acquire 10.4% stake in Opendo A/S. Sydbank A/S (CPSE:SYDB) agreed to acquire 10.4% stake in Opendo A/S on February 22, 2021. In a related transaction, Opendo A/S acquired Alm.Brand Leasing A/S from Sydbank A/S. Is New 90 Day High Low • Feb 18
New 90-day high: €19.04 The company is up 10.0% from its price of €17.31 on 19 November 2020. The German market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Banks industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.79 per share. Is New 90 Day High Low • Dec 30
New 90-day high: €17.70 The company is up 35% from its price of €13.15 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.83 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €16.61 The company is up 5.0% from its price of €15.89 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.39 per share.