Nordnet Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

January 30, 2025

Nordnet (STO:SAVE) Full Year 2024 Results

Key Financial Results

Revenue: kr5.81b (up 15% from FY 2023).
Net income: kr2.73b (up 11% from FY 2023).
Profit margin: 47% (down from 49% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: kr10.84 (up from kr9.83 in FY 2023).

revenue-and-expenses-breakdown — OM:SAVE Revenue and Expenses Breakdown January 30th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nordnet Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 1.5%.

The primary driver behind last 12 months revenue was the Sweden segment contributing a total revenue of kr1.45b (25% of total revenue). The largest operating expense was General & Administrative costs, amounting to kr1.26b (52% of total expenses). Explore how SAVE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Capital Markets industry in Sweden.

Performance of the Swedish Capital Markets industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Nordnet that you need to take into consideration.

Valuation is complex, but we're here to simplify it.

Discover if Nordnet might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.