Swedbank Past Earnings Performance

Past criteria checks 2/6

Swedbank has been growing earnings at an average annual rate of 19%, while the Banks industry saw earnings growing at 17.6% annually. Revenues have been growing at an average rate of 13.3% per year. Swedbank's return on equity is 16.6%, and it has net margins of 46.9%.

Key information

19.0%

Earnings growth rate

18.9%

EPS growth rate

Banks Industry Growth	10.6%
Revenue growth rate	13.3%
Return on equity	16.6%
Net Margin	46.9%
Next Earnings Update	23 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Swedbank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:FRY Revenue, expenses and earnings (SEK Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	74,011	34,721	24,910
30 Jun 24	73,256	34,468	24,484
31 Mar 24	72,715	34,996	23,737
31 Dec 23	71,384	34,128	23,962
30 Sep 23	67,984	32,597	23,171
30 Jun 23	62,983	29,059	22,796
31 Mar 23	56,176	24,441	22,172
31 Dec 22	50,549	21,365	20,698
30 Sep 22	47,289	19,411	20,932
30 Jun 22	46,219	19,322	20,788
31 Mar 22	47,111	20,380	20,684
31 Dec 21	47,511	20,871	20,721
30 Sep 21	46,744	20,546	20,497
30 Jun 21	45,874	20,309	20,216
31 Mar 21	44,646	19,591	20,070
31 Dec 20	41,342	12,929	20,466
30 Sep 20	41,068	12,847	20,446
30 Jun 20	40,961	12,249	20,849
31 Mar 20	41,427	12,740	20,759
31 Dec 19	44,490	19,697	19,907
30 Sep 19	43,843	19,859	21,924
30 Jun 19	43,731	20,721	19,732
31 Mar 19	44,287	21,399	18,111
31 Dec 18	43,701	21,162	16,745
30 Sep 18	43,811	21,309	16,541
30 Jun 18	43,034	20,527	16,464
31 Mar 18	41,164	19,259	16,212
31 Dec 17	40,918	19,350	16,000
30 Sep 17	39,842	18,755	15,807
30 Jun 17	39,498	18,828	15,738
31 Mar 17	40,657	20,352	15,665
31 Dec 16	39,454	19,539	15,516
30 Sep 16	39,158	19,222	16,000
30 Jun 16	38,423	18,345	15,915
31 Mar 16	36,580	15,773	15,993
31 Dec 15	37,030	15,733	16,218
30 Sep 15	37,062	15,706	16,440
30 Jun 15	37,873	16,329	16,721
31 Mar 15	38,528	17,000	17,435
31 Dec 14	38,389	16,709	17,472
30 Sep 14	38,983	16,571	17,455
30 Jun 14	38,349	16,196	17,304
31 Mar 14	37,276	15,306	16,655
31 Dec 13	36,878	13,519	16,490

Quality Earnings: FRY has high quality earnings.

Growing Profit Margin: FRY's current net profit margins (46.9%) are lower than last year (47.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FRY's earnings have grown by 19% per year over the past 5 years.

Accelerating Growth: FRY's earnings growth over the past year (6.5%) is below its 5-year average (19% per year).

Earnings vs Industry: FRY earnings growth over the past year (6.5%) did not outperform the Banks industry 12.9%.

Return on Equity

High ROE: FRY's Return on Equity (16.6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 13:41
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Swedbank AB (publ) is covered by 46 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Magnus Andersson	ABG Sundal Collier
Pierre-Yves Gauthier	AlphaValue
Fridtjof Berents	Arctic Securities ASA