View ValuationAL Sydbank 将来の成長Future 基準チェック /36AL Sydbank利益と収益がそれぞれ年間18.1%と9.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に14.4% 21.8%なると予測されています。主要情報18.1%収益成長率21.78%EPS成長率Banks 収益成長8.2%収益成長率9.3%将来の株主資本利益率14.36%アナリストカバレッジLow最終更新日12 May 2026今後の成長に関する最新情報お知らせ • Dec 10Sydbank A/S Revises Earnings Guidance for the Year 2025Sydbank 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.お知らせ • Oct 31Sydbank A/S Clarifies Earnings Guidance for the Year 2025Sydbank 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 .お知らせ • Aug 28Sydbank A/S Provides Earnings Guidance for the Year 2025Sydbank 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.お知らせ • Dec 19Sydbank A/S Revises Earnings Guidance for the Year 2024Sydbank 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.お知らせ • Jun 13Sydbank A/S Revises Earnings Guidance for 2024Sydbank 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.お知らせ • Jan 25Sydbank A/S Provides Earnings Guidance for 2024Sydbank 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.すべての更新を表示Recent updatesお知らせ • Mar 20+ 1 more updateAL Sydbank A/S Announces Board AppointmentsAL Sydbank A/S at its AGM held on March 19, 2026 announced that Karsten Dybvad and Aksel Bjørn Møller were elected as new board members.お知らせ • Feb 25+ 1 more updateAL Sydbank A/S (CPSE:ALSYDB) announces an Equity Buyback for DKK 1,100 million worth of its shares.Sydbank A/S (CPSE:SYDB) announces a share repurchase program. Under the program, the company will repurchase up to DKK 1,100 million worth of its shares. 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, 2027.お知らせ • Dec 10Sydbank A/S Revises Earnings Guidance for the Year 2025Sydbank 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.お知らせ • Dec 05Sydbank A/S Approves Board ChangesAt 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.お知らせ • Oct 31Sydbank A/S Clarifies Earnings Guidance for the Year 2025Sydbank 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 .お知らせ • Oct 27+ 1 more updateSydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion.Sydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion on October 27, 2025. The consideration consists of 3.3 million common equity of Sydbank A/S at a ratio of 100.52 per common equity of Vestjysk Bank A/S. A cash consideration of DKK 590 million valued at DKK 1.78 per share will be paid by Sydbank A/S. In a related transaction Sydbank A/S entered into an agreement to acquire A/S Arbejdernes Landsbank. The merger will be completed by three banks merge with Sydbank as the continuing legal entity under the brand “AL Sydbank A/S”. After completion of transaction Arbejdernes Landsbank shareholders will hold 39% stake, Sydbank's current shareholders will hold 57.15% stake and Vestjysk Bank's minority shareholders will hold 3.85% stake in AL Sydbank. In connection with this, Vestjysk Bank's shares will be delisted from Nasdaq Copenhagen, while the newly issued shares in AL Sydbank will be admitted to trading and official listing immediately after registration. At the time of the merger, the Executive Management of AL Sydbank will consist of Mark Luscombe (CEO), Frank Mortensen (Deputy CEO), Jørn Adam Møller, Stig Westergaard, Peter Hupfeld, Svend Randers and Gry Bandholm. After the merger and until the next annual general meeting and meeting of the General Assembly, the Board of Directors of AL Sydbank will consist of Ellen Trane Nørby (Chair), Claus Jensen (Vice-Chair), Søren Holm, Jon Stefansson, Susanne Schou, Brian Østergaard Roed, Janne Burkard Moltke-Leth, Henning Overgaard, Caroline Søeborg Ahlefeldt and Christian Riewe. In addition, there will be 4 employee-elected members from Sydbank. Completion of the merger is conditional upon: adoption of shareholders at the general meetings of Sydbank and Vestjysk Bank, approval by the Danish Financial Supervisory Authority pursuant to section 204 of the Danish Financial Business Act, and approval by the Danish competition authorities on terms satisfactory to the Boards of Directors of the merging banks. The Boards of Sydbank and Vestjysk Bank unanimously recommend the shareholders to vote in favor of the merger. Upon completion of the merger, registration with the Danish Business Authority is expected in December 2025. The merger is expected to be finalized in December 2025. SEB Corporate Finance, Denmark, filial af Skandinaviska Enskilda Banken acted as financial advisor for Sydbank A/S. Gorrissen Federspiel Advokatpartnerselskab acted as legal advisor for Sydbank A/S. Deloitte Corporate Finance Denmark acted as financial advisor for the minority shareholders of Vestjysk Bank A/S. Accura Advokataktieselskab acted as legal advisor for the minority shareholders of Vestjysk Bank A/S.お知らせ • Aug 28Sydbank A/S Provides Earnings Guidance for the Year 2025Sydbank 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.お知らせ • Aug 27+ 4 more updatesSydbank A/S, Annual General Meeting, Mar 19, 2026Sydbank A/S, Annual General Meeting, Mar 19, 2026.お知らせ • Feb 28Sydbank A/S announces Annual dividend, payable on March 25, 2025Sydbank 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.お知らせ • Feb 26Sydbank 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.お知らせ • Feb 20Sydbank A/S Announces Resignation of Board Chairman Lars Mikkelgaard-Jensen, Effective March 20, 2025After 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.お知らせ • Dec 19Sydbank A/S Revises Earnings Guidance for the Year 2024Sydbank 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 01Third 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.お知らせ • Aug 23Sydbank A/S, Annual General Meeting, Mar 20, 2025Sydbank A/S, Annual General Meeting, Mar 20, 2025.Reported Earnings • Aug 22Second 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 22Second 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.お知らせ • Aug 21+ 3 more updatesSydbank A/S to Report Fiscal Year 2024 Results on Feb 26, 2025Sydbank A/S announced that they will report fiscal year 2024 results at 8:30 AM, Central European Standard Time on Feb 26, 2025お知らせ • Jun 13Sydbank A/S Revises Earnings Guidance for 2024Sydbank 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.お知らせ • May 22Sydbank 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 02First 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.お知らせ • Mar 27Sydbank 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.お知らせ • Mar 22+ 1 more updateSydbank A/S to Distribute Dividend for the Year 2023Sydbank A/S announced that at its AGM held on March 21, 2024, the company will distribute DKK 30.56 per share as dividend to the shareholders.Upcoming Dividend • Mar 15Upcoming dividend of kr.30.56 per shareEligible 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 06Dividend of kr.30.56 announcedShareholders 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 02Investor 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 29Full 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.お知らせ • Jan 25Sydbank A/S Provides Earnings Guidance for 2024Sydbank 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.お知らせ • Dec 21Sydbank A/S to Revises Earnings Expectations Upwards as for 2023Sydbank 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.お知らせ • Dec 07Sydbank A/S Announces Management ChangesSydbank 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 03Third 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.お知らせ • Nov 02Sydbank A/S Provides Earnings Guidance for the Year 2023Sydbank 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.お知らせ • Oct 05Sydbank Announces Executive ChangesOn 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.お知らせ • Oct 01Sydbank A/S Announces Retirement of Karen Frøsig, CEOSydbank 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.お知らせ • Sep 15Sydbank A/S Revises Earnings Guidance for the Year 2023Sydbank 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.お知らせ • Aug 24+ 4 more updatesSydbank A/S to Report Nine Months, 2024 Results on Oct 30, 2024Sydbank A/S announced that they will report nine months, 2024 results on Oct 30, 2024お知らせ • Aug 23Sydbank A/S Provides Earnings Outlook for the Year 2023Sydbank 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 23New major risk - Revenue and earnings growthEarnings 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 23Second 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.お知らせ • Jul 18Sydbank 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.お知らせ • Jun 15Sydbank A/S Revises Earnings Guidance for the Year 2023Sydbank 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 03First 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 02Full 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 01Insufficient new directorsNo 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.お知らせ • Jan 24Sydbank A/S Provides Earnings Guidance for the Year 2023Sydbank 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.お知らせ • Dec 23Sydbank A/S Revises Earnings Guidance for the Year 2022Sydbank 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.お知らせ • Nov 23Sydbank A/S Revises Earnings Guidance for the Year 2022Sydbank 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.お知らせ • Nov 08Sydbank A/S Announces Executive ChangesSydbank 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 04Third 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.お知らせ • Nov 03Sydbank A/S Provides Earnings Guidance for the Year 2022Sydbank 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.お知らせ • Sep 20Sydbank A/S Revises Earnings Guidance for the Year 2022Sydbank 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.お知らせ • Aug 25+ 3 more updatesSydbank A/S to Report Nine Months, 2023 Results on Nov 01, 2023Sydbank A/S announced that they will report nine months, 2023 results on Nov 01, 2023Reported Earnings • Aug 25Second 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.お知らせ • Aug 24+ 1 more updateSydbank A/S, Annual General Meeting, Mar 23, 2023Sydbank A/S, Annual General Meeting, Mar 23, 2023.お知らせ • May 05Sydbank A/S Provides Earnings Guidance for the Full Year of 2022Sydbank 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 27First 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.お知らせ • Apr 26Sydbank A/S Revises Upwards Its Expectations for Profit for the Year for 2022Sydbank 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 18Upcoming dividend of kr.12.00 per shareEligible 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 09Now 24% undervalued after recent price dropOver 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.お知らせ • Mar 07Sydbank Announces Staff Elected to its Board of DirectorsSydbank 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 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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.お知らせ • Mar 04+ 1 more updateSydbank A/S Provides Impairment Charges Guidance for the Year 2022Sydbank A/S provided Impairment charges guidance for the year 2022. Impairment charges for 2022 are forecast to be at a low level.お知らせ • Mar 03Sydbank A/S Provides Earnings Guidance for the Year 2022Sydbank 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.お知らせ • Jan 16Sydbank A/S Provides Earnings Guidance for 2022Sydbank 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 28Third 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 20Upcoming dividend of kr.5.70 per shareEligible 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 26Second 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.お知らせ • Aug 25Sydbank A/S Provides Earnings Guidance for Full Year 2021Sydbank 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 03First 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.お知らせ • Apr 29+ 1 more updateSydbank Announces Impairment Charges for the First Quarter of 2021; Provides Impairment Charges Guidance for the Full Year of 2021Sydbank announced impairment charges for the first quarter of 2021. For the quarter, Impairment charges for loans and advances represent an income of DKK 81 million compared with an expense of DKK 84 million in the same period in 2020. Sydbank A/S provided impairment charges guidance for the full year of 2021. For the year, impairment charges are forecast to be at a low level. In addition most of the amounts owed to the Group by the mink industry are expected to be repaid in full, which could result in a reversal of impairment charges of up to DKK 150 million.Upcoming Dividend • Mar 19Upcoming Dividend of kr.4.00 Per ShareWill 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 03Revenue beats expectationsRevenue 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 03Full 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.お知らせ • Feb 24Opendo 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.お知らせ • Feb 23Sydbank 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 18New 90-day high: €19.04The 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 30New 90-day high: €17.70The 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 11New 90-day high: €16.61The 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.業績と収益の成長予測DB:TM2 - アナリストの将来予測と過去の財務データ ( )DKK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202813,4995,454N/AN/A412/31/202713,1074,871N/AN/A412/31/202612,5103,836N/AN/A43/31/20269,5061,975-1,935-1,838N/A12/31/20258,3641,8321,7761,860N/A9/30/20256,7722,234-2,895-2,803N/A6/30/20256,8642,3041,0541,140N/A3/31/20257,0502,507340434N/A12/31/20247,2322,723-2,920-2,826N/A9/30/20247,6333,287-10,176-10,083N/A6/30/20247,7233,434-16,225-16,128N/A3/31/20247,6783,429-8,339-8,250N/A12/31/20237,5393,303-2,371-2,279N/A9/30/20237,2113,085-758-678N/A6/30/20236,5742,608-4,298-4,220N/A3/31/20235,9232,152-7,379-7,304N/A12/31/20225,5151,862-9,325-9,253N/A9/30/20225,4861,549-2,687-2,570N/A6/30/20225,4321,4771,5921,712N/A3/31/20225,5371,5311,3941,546N/A12/31/20215,3921,372-1,403-1,250N/A9/30/20215,2301,195-2,698-2,558N/A6/30/20214,9591,077-6,499-6,357N/A3/31/20214,742990-4,106-3,989N/A12/31/20204,309760-1,797-1,687N/A9/30/20203,8347667,0877,073N/A6/30/20203,8707855,3945,376N/A3/31/20203,7557016,3296,300N/A12/31/20193,946853N/A-3,042N/A9/30/20193,884834N/A-16,661N/A6/30/20193,912866N/A-11,591N/A3/31/20193,971925N/A-7,960N/A12/31/20184,1931,161N/A-2,400N/A9/30/20184,3431,280N/A3,813N/A6/30/20184,4461,380N/A-1,010N/A3/31/20184,5941,515N/A-1,496N/A12/31/20174,6471,531N/A1,675N/A9/30/20174,7681,648N/A4,123N/A6/30/20174,7491,645N/A10,827N/A3/31/20174,7161,636N/A3,791N/A12/31/20164,4881,472N/A3,091N/A9/30/20164,3341,344N/A-9,554N/A6/30/20164,2531,261N/A-15,004N/A3/31/20164,1081,127N/A-5,665N/A12/31/20154,1511,148N/A-3,464N/A9/30/20154,0321,056N/A1,710N/A6/30/20154,0631,068N/A6,476N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TM2の予測収益成長率 (年間18.1% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: TM2の収益 ( 18.1% ) はGerman市場 ( 17.3% ) よりも速いペースで成長すると予測されています。高成長収益: TM2の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: TM2の収益 ( 9.3% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: TM2の収益 ( 9.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TM2の 自己資本利益率 は、3年後には低くなると予測されています ( 14.4 %)。成長企業の発掘7D1Y7D1Y7D1YBanks 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/28 19:08終値2026/05/28 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋AL Sydbank A/S 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関null nullABG Sundal CollierKristofer Liljeberg-SvenssonCarnegie Investment Bank ABMaria SemikhatovaCitigroup Inc4 その他のアナリストを表示
お知らせ • Dec 10Sydbank A/S Revises Earnings Guidance for the Year 2025Sydbank 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.
お知らせ • Oct 31Sydbank A/S Clarifies Earnings Guidance for the Year 2025Sydbank 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 .
お知らせ • Aug 28Sydbank A/S Provides Earnings Guidance for the Year 2025Sydbank 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.
お知らせ • Dec 19Sydbank A/S Revises Earnings Guidance for the Year 2024Sydbank 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.
お知らせ • Jun 13Sydbank A/S Revises Earnings Guidance for 2024Sydbank 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.
お知らせ • Jan 25Sydbank A/S Provides Earnings Guidance for 2024Sydbank 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.
お知らせ • Mar 20+ 1 more updateAL Sydbank A/S Announces Board AppointmentsAL Sydbank A/S at its AGM held on March 19, 2026 announced that Karsten Dybvad and Aksel Bjørn Møller were elected as new board members.
お知らせ • Feb 25+ 1 more updateAL Sydbank A/S (CPSE:ALSYDB) announces an Equity Buyback for DKK 1,100 million worth of its shares.Sydbank A/S (CPSE:SYDB) announces a share repurchase program. Under the program, the company will repurchase up to DKK 1,100 million worth of its shares. 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, 2027.
お知らせ • Dec 10Sydbank A/S Revises Earnings Guidance for the Year 2025Sydbank 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.
お知らせ • Dec 05Sydbank A/S Approves Board ChangesAt 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.
お知らせ • Oct 31Sydbank A/S Clarifies Earnings Guidance for the Year 2025Sydbank 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 .
お知らせ • Oct 27+ 1 more updateSydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion.Sydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion on October 27, 2025. The consideration consists of 3.3 million common equity of Sydbank A/S at a ratio of 100.52 per common equity of Vestjysk Bank A/S. A cash consideration of DKK 590 million valued at DKK 1.78 per share will be paid by Sydbank A/S. In a related transaction Sydbank A/S entered into an agreement to acquire A/S Arbejdernes Landsbank. The merger will be completed by three banks merge with Sydbank as the continuing legal entity under the brand “AL Sydbank A/S”. After completion of transaction Arbejdernes Landsbank shareholders will hold 39% stake, Sydbank's current shareholders will hold 57.15% stake and Vestjysk Bank's minority shareholders will hold 3.85% stake in AL Sydbank. In connection with this, Vestjysk Bank's shares will be delisted from Nasdaq Copenhagen, while the newly issued shares in AL Sydbank will be admitted to trading and official listing immediately after registration. At the time of the merger, the Executive Management of AL Sydbank will consist of Mark Luscombe (CEO), Frank Mortensen (Deputy CEO), Jørn Adam Møller, Stig Westergaard, Peter Hupfeld, Svend Randers and Gry Bandholm. After the merger and until the next annual general meeting and meeting of the General Assembly, the Board of Directors of AL Sydbank will consist of Ellen Trane Nørby (Chair), Claus Jensen (Vice-Chair), Søren Holm, Jon Stefansson, Susanne Schou, Brian Østergaard Roed, Janne Burkard Moltke-Leth, Henning Overgaard, Caroline Søeborg Ahlefeldt and Christian Riewe. In addition, there will be 4 employee-elected members from Sydbank. Completion of the merger is conditional upon: adoption of shareholders at the general meetings of Sydbank and Vestjysk Bank, approval by the Danish Financial Supervisory Authority pursuant to section 204 of the Danish Financial Business Act, and approval by the Danish competition authorities on terms satisfactory to the Boards of Directors of the merging banks. The Boards of Sydbank and Vestjysk Bank unanimously recommend the shareholders to vote in favor of the merger. Upon completion of the merger, registration with the Danish Business Authority is expected in December 2025. The merger is expected to be finalized in December 2025. SEB Corporate Finance, Denmark, filial af Skandinaviska Enskilda Banken acted as financial advisor for Sydbank A/S. Gorrissen Federspiel Advokatpartnerselskab acted as legal advisor for Sydbank A/S. Deloitte Corporate Finance Denmark acted as financial advisor for the minority shareholders of Vestjysk Bank A/S. Accura Advokataktieselskab acted as legal advisor for the minority shareholders of Vestjysk Bank A/S.
お知らせ • Aug 28Sydbank A/S Provides Earnings Guidance for the Year 2025Sydbank 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.
お知らせ • Aug 27+ 4 more updatesSydbank A/S, Annual General Meeting, Mar 19, 2026Sydbank A/S, Annual General Meeting, Mar 19, 2026.
お知らせ • Feb 28Sydbank A/S announces Annual dividend, payable on March 25, 2025Sydbank 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.
お知らせ • Feb 26Sydbank 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.
お知らせ • Feb 20Sydbank A/S Announces Resignation of Board Chairman Lars Mikkelgaard-Jensen, Effective March 20, 2025After 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.
お知らせ • Dec 19Sydbank A/S Revises Earnings Guidance for the Year 2024Sydbank 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 01Third 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.
お知らせ • Aug 23Sydbank A/S, Annual General Meeting, Mar 20, 2025Sydbank A/S, Annual General Meeting, Mar 20, 2025.
Reported Earnings • Aug 22Second 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 22Second 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.
お知らせ • Aug 21+ 3 more updatesSydbank A/S to Report Fiscal Year 2024 Results on Feb 26, 2025Sydbank A/S announced that they will report fiscal year 2024 results at 8:30 AM, Central European Standard Time on Feb 26, 2025
お知らせ • Jun 13Sydbank A/S Revises Earnings Guidance for 2024Sydbank 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.
お知らせ • May 22Sydbank 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 02First 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.
お知らせ • Mar 27Sydbank 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.
お知らせ • Mar 22+ 1 more updateSydbank A/S to Distribute Dividend for the Year 2023Sydbank A/S announced that at its AGM held on March 21, 2024, the company will distribute DKK 30.56 per share as dividend to the shareholders.
Upcoming Dividend • Mar 15Upcoming dividend of kr.30.56 per shareEligible 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 06Dividend of kr.30.56 announcedShareholders 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 02Investor 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 29Full 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.
お知らせ • Jan 25Sydbank A/S Provides Earnings Guidance for 2024Sydbank 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.
お知らせ • Dec 21Sydbank A/S to Revises Earnings Expectations Upwards as for 2023Sydbank 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.
お知らせ • Dec 07Sydbank A/S Announces Management ChangesSydbank 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 03Third 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.
お知らせ • Nov 02Sydbank A/S Provides Earnings Guidance for the Year 2023Sydbank 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.
お知らせ • Oct 05Sydbank Announces Executive ChangesOn 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.
お知らせ • Oct 01Sydbank A/S Announces Retirement of Karen Frøsig, CEOSydbank 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.
お知らせ • Sep 15Sydbank A/S Revises Earnings Guidance for the Year 2023Sydbank 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.
お知らせ • Aug 24+ 4 more updatesSydbank A/S to Report Nine Months, 2024 Results on Oct 30, 2024Sydbank A/S announced that they will report nine months, 2024 results on Oct 30, 2024
お知らせ • Aug 23Sydbank A/S Provides Earnings Outlook for the Year 2023Sydbank 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 23New major risk - Revenue and earnings growthEarnings 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 23Second 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.
お知らせ • Jul 18Sydbank 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.
お知らせ • Jun 15Sydbank A/S Revises Earnings Guidance for the Year 2023Sydbank 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 03First 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 02Full 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 01Insufficient new directorsNo 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.
お知らせ • Jan 24Sydbank A/S Provides Earnings Guidance for the Year 2023Sydbank 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.
お知らせ • Dec 23Sydbank A/S Revises Earnings Guidance for the Year 2022Sydbank 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.
お知らせ • Nov 23Sydbank A/S Revises Earnings Guidance for the Year 2022Sydbank 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.
お知らせ • Nov 08Sydbank A/S Announces Executive ChangesSydbank 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 04Third 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.
お知らせ • Nov 03Sydbank A/S Provides Earnings Guidance for the Year 2022Sydbank 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.
お知らせ • Sep 20Sydbank A/S Revises Earnings Guidance for the Year 2022Sydbank 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.
お知らせ • Aug 25+ 3 more updatesSydbank A/S to Report Nine Months, 2023 Results on Nov 01, 2023Sydbank A/S announced that they will report nine months, 2023 results on Nov 01, 2023
Reported Earnings • Aug 25Second 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.
お知らせ • Aug 24+ 1 more updateSydbank A/S, Annual General Meeting, Mar 23, 2023Sydbank A/S, Annual General Meeting, Mar 23, 2023.
お知らせ • May 05Sydbank A/S Provides Earnings Guidance for the Full Year of 2022Sydbank 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 27First 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.
お知らせ • Apr 26Sydbank A/S Revises Upwards Its Expectations for Profit for the Year for 2022Sydbank 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 18Upcoming dividend of kr.12.00 per shareEligible 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 09Now 24% undervalued after recent price dropOver 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.
お知らせ • Mar 07Sydbank Announces Staff Elected to its Board of DirectorsSydbank 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 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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.
お知らせ • Mar 04+ 1 more updateSydbank A/S Provides Impairment Charges Guidance for the Year 2022Sydbank A/S provided Impairment charges guidance for the year 2022. Impairment charges for 2022 are forecast to be at a low level.
お知らせ • Mar 03Sydbank A/S Provides Earnings Guidance for the Year 2022Sydbank 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.
お知らせ • Jan 16Sydbank A/S Provides Earnings Guidance for 2022Sydbank 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 28Third 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 20Upcoming dividend of kr.5.70 per shareEligible 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 26Second 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.
お知らせ • Aug 25Sydbank A/S Provides Earnings Guidance for Full Year 2021Sydbank 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 03First 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.
お知らせ • Apr 29+ 1 more updateSydbank Announces Impairment Charges for the First Quarter of 2021; Provides Impairment Charges Guidance for the Full Year of 2021Sydbank announced impairment charges for the first quarter of 2021. For the quarter, Impairment charges for loans and advances represent an income of DKK 81 million compared with an expense of DKK 84 million in the same period in 2020. Sydbank A/S provided impairment charges guidance for the full year of 2021. For the year, impairment charges are forecast to be at a low level. In addition most of the amounts owed to the Group by the mink industry are expected to be repaid in full, which could result in a reversal of impairment charges of up to DKK 150 million.
Upcoming Dividend • Mar 19Upcoming Dividend of kr.4.00 Per ShareWill 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 03Revenue beats expectationsRevenue 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 03Full 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.
お知らせ • Feb 24Opendo 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.
お知らせ • Feb 23Sydbank 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 18New 90-day high: €19.04The 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 30New 90-day high: €17.70The 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 11New 90-day high: €16.61The 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.