Announcement • Dec 10
Sydbank A/S Revises Earnings Guidance for the Year 2025 Sydbank A/S revised earnings guidance for the year 2025. The Board of Directors decided this evening that Bankdata will be the future provider of IT solutions for AL Sydbank A/S. The exit from BEC is subject to payment of an exit fee, which, as a result of the speed of the merger process, is payable already in December 2025 (previously expected in 2026). Consequently profit for the year after tax is now projected to be in the range of DKK 1,700 million - DKK 1,900 million compared to a previously expected range of DKK 2,400 million - DKK 2,600 million. Announcement • Dec 05
Sydbank A/S Approves Board Changes At Sydbank's extraordinary general meeting on 4 December 2025 where the merger of Sydbank A/S, Aktieselskabet Arbejdernes Landsbank and Vestjysk Bank A/S was approved, the following new board members were elected to the Board of Directors: Claus Jensen, Trade Union President, the Danish Metal Workers' Union; Caroline Søeborg Ahlefeldt-Laurvig-Bille, Investment Director; Henning Egon Josefsen Overgaard, Trade Union President, the United Federation of Danish Workers (3F); and Christian Riewe, Attorney-at-Law and Partner, Law Firm Bjørst. After the extraordinary general meeting the Board of Directors elected Ellen Trane Nørby as Chair and Claus Jensen as Vice Chair. Consequently the Board of Directors consists of the following members: Ellen Trane Nørby (Chair), Claus Jensen (Vice Chair), Søren Holm, Janne Moltke-Leth, Jon Stefansson, Susanne Schou, Brian Østergaard Roed, Caroline Søeborg Ahlefeldt-Laurvig-Bille, Henning Egon Josefsen Overgaard, Christian Riewe as well as the following 4 members elected by the employees: Jarl Oxlund, Jørn Krogh Sørensen, Carsten Andersen and Pia Wrang. Announcement • Oct 31
Sydbank A/S Clarifies Earnings Guidance for the Year 2025 Sydbank A/S clarified earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,400 million - DKK 2,600 million compared to a previously expected range of DKK 2,200 million - DKK 2,600 million . Announcement • Aug 28
Sydbank A/S Provides Earnings Guidance for the Year 2025 Sydbank A/S provided earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,200 million -2,600 million. Announcement • Feb 28
Sydbank A/S announces Annual dividend, payable on March 25, 2025 Sydbank A/S announced Annual dividend of DKK 26.8800 per share payable on March 25, 2025, ex-date on March 21, 2025 and record date on March 24, 2025. Announcement • Feb 26
Sydbank A/S (CPSE:SYDB) announces an Equity Buyback for 5,400,000 shares, for DKK 1,350 million. Sydbank A/S (CPSE:SYDB) announces a share repurchase program. Under the program, the company will repurchase up to 5,400,000 shares for DKK 1,350 million. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The purpose of the program is to reduce the share capital of the company, optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2026. Announcement • Feb 20
Sydbank A/S Announces Resignation of Board Chairman Lars Mikkelgaard-Jensen, Effective March 20, 2025 After a decade on Sydbank A/S’s Board of Directors, Chairman Lars Mikkelgaard-Jensen has decided to resign from the Board of Directors. Lars Mikkelgaard-Jensen is not up for re-election for the Board of Directors. Following the successful CEO succession in 2024 as well as the determination of the Bank’s new strategy, Lars Mikkelgaard-Jensen has decided that now is a good time to stop and he will resign in connection with the Annual General Meeting on 20 March 2025. The Board of Directors will elect its new Chairman at the subsequent Shareholders’ Committee meeting which will be held on the same day. Lars Mikkelgaard-Jensen has been a member of Sydbank’s Board of Directors since April 2015 and he was elected Chairman in September 2019. Announcement • Dec 19
Sydbank A/S Revises Earnings Guidance for the Year 2024 Sydbank A/S revised earnings guidance for the year 2024. For the year, the company announced as a result of a major restructuring of Better Energy there is a risk of impairment charges in the region of DKK 450 million. As a consequence of this, profit after tax is expected to be in the range of DKK 2,700 million to DKK 2,900 million compared to DKK 2,800 million to DKK 3,100 million as previously announced. Announcement • Aug 23
Sydbank A/S, Annual General Meeting, Mar 20, 2025 Sydbank A/S, Annual General Meeting, Mar 20, 2025. Announcement • Jun 13
Sydbank A/S Revises Earnings Guidance for 2024 Sydbank A/S revised earnings guidance for 2024. For the period, Expectations are revised upwards to a profit after tax in the range of DKK 2,800 million -3,100 million. When the interim report for First Quarter 2024 was published on 1 May 2024 profit for the year after tax was expected to be in the range of DKK 2,500 million -2,900 million. The upward revision is based on the fact that the development in the core income has been more favourable than anticipated and moreover the robustness of the Danish economy remains impressive considering the interest rate level. Announcement • May 22
Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million. Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million on May 21, 2024. The consideration consists of payment of the value of the equity at the date of acquisition plus DKK 89 million. Following the acquisition, Coop Bank will become a wholly owned subsidiary of Sydbank A/S. The transaction is subject to approval of Danish financial supervisory authority and Danish Competition and Consumer Authority and is expected to be closed on July 31, 2024. Announcement • Mar 27
Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK). Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK) on March 26, 2024. Sydbank has increased its ownership in Fynske Bank to more than 20% of the shares.Sydbank A/S (CPSE:SYDB) completed the acquisition of unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK) on March 26, 2024. Announcement • Jan 25
Sydbank A/S Provides Earnings Guidance for 2024 Sydbank A/S provided earnings guidance for 2024. For the period, the company expects profit after tax in the range of DKK 2,500 to 2,900m. Announcement • Dec 21
Sydbank A/S to Revises Earnings Expectations Upwards as for 2023 Sydbank A/S revise earnings expectations upwards as regards profit for 2023. For the period, the company expects Profit after tax to be in the range of DKK 3,200 million - DKK 3,350 million as compared to be in the range of DKK 3,000 million - DKK 3,200 million expected previously. Announcement • Dec 07
Sydbank A/S Announces Management Changes Sydbank A/S announced change in the composition of Sydbank’s Group Executive Management. The position of Deputy Group Chief Executive with responsibility for Credits and Compliance etc. is handed over to a new member of the Group Executive Management from the Bank’s own ranks. Member of the Group Executive Management and Deputy Group Chief Executive Bjarne Larsen resigns from his position in this connection. Sydbank’s current Group Executive Vice President, Credits, Stig Westergaard, is appointed as Deputy Group Chief Executive with responsibility for Credits and Compliance etc. The Board of Directors has decided to change the composition of the Group Executive Management. The changes are effective immediately. Stig Westergaard is a trained lawyer and has been employed with Sydbank for 20 years. He has been responsible for the Legal Department, Compliance and most recently Credits. Stig Westergaard is 56 years old, married, and the father of three children. The family lives in Kolding. Sydbank’s Group Executive Management thus consists of CEO Karen Frøsig, Deputy Group Chief Executive Jørn Adam Møller and Deputy Group Chief Executive Stig Westergaard. As previously announced by Sydbank, Mark Luscombe will join Sydbank as Deputy Group Chief Executive on 1 April 2024 with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Announcement • Nov 02
Sydbank A/S Provides Earnings Guidance for the Year 2023 Sydbank A/S provided earnings guidance for the year 2023. For the year, the company expects Core income is expected to be higher than in 2022. Impairment charges are forecast to represent a minor expense. Profit after tax is now expected to be in the range of DKK 3,000 million to 3,200 million. Announcement • Oct 05
Sydbank Announces Executive Changes On 29 September 2023, Sydbank announced that Karen Frøsig, its CEO of 13 years, wishes to retire. On 2 October 2023 the company announced that on 1 April 2024 Mark Luscombe will join Sydbank as Deputy Group Chief Executive with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Mark Luscombe comes from a position as Country Manager at SEB in Denmark. Mark Luscombe and his extensive experience from Citibank and SEB, where Mark Luscombe is currently Country Manager, represents all of that and therefore he can continue to work on strengthening Sydbank’s brand as the preferred bank of the corporate sector and on perfecting the Bank's offers to retail clients looking for professional advice. In connection with Sydbank’s appointment of Mark Luscombe, he was considered fit and proper by the Danish Financial Supervisory Authority as CEO. Mark Luscombe is an employee of SEB until 31 March 2024 and consequently further comments will not be provided at this time. Deputy Group Chief Executive Bjarne Larsen and Deputy Group Chief Executive Jørn Adam Møller will continue in their positions in the Group Executive Management. Announcement • Oct 01
Sydbank A/S Announces Retirement of Karen Frøsig, CEO Sydbank A/S announced that Karen Frøsig, CEO, has notified the Board of Directors that she wishes to retire in 2024. Karen Frøsig has been with Sydbank since 1994. First as Chief Legal Adviser and since 2008 as a member of the Group Executive Management. She has held the position of CEO since 2010. The Board of Directors has therefore worked on finding her successor and her replacement has been found. On 1 April 2024 the future CEO will join Sydbank as Deputy Group Chief Executive with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Deputy Group Chief Executive Bjarne Larsen and Deputy Group Chief Executive Jørn Adam Møller will continue in their positions in the Group Executive Management. Announcement • Sep 15
Sydbank A/S Revises Earnings Guidance for the Year 2023 Sydbank A/S revised earnings guidance for the year 2023. For the period, the company's expectations are revised upwards to a profit after tax in the range of DKK 2,900 million - DKK 3,200 million. In Company Announcement 12 on 14 June 2023 the company expected a profit after tax in the range of DKK 2,600 million - DKK 2,900 million for 2023. Announcement • Aug 23
Sydbank A/S Provides Earnings Outlook for the Year 2023 Sydbank A/S provided earnings outlook for the year 2023. For the period, the company expects Core income is expected to be higher than in 2022. Costs (core earnings) are projected to be higher than in 2022. Profit after tax is expected to be in the range of DKK 2,600-2,900 million. Announcement • Jul 18
Sydbank A/S (CPSE:SYDB) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 23, 2023. Sydbank A/S (CPSE:SYDB) commences share repurchases on July 10, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 23, 2023. As per the mandate, the company is authorized to repurchase up to 10% of the company's share capital. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The plan is valid till the next annual general meeting.
On July 6, 2023, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 4,000,000 shares for DKK 600 million. The repurchase will commence on July 10, 2023. The purpose of the program is to optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2024. Announcement • Jun 15
Sydbank A/S Revises Earnings Guidance for the Year 2023 Sydbank A/S revised earnings guidance for the year 2023. The company revised its expectations upwards as regards profit for 2023. Expectations are revised upwards to a profit after tax in the range of DKK 2,600-2,900 million. In Company Announcement 5 on 15 March 2023we announced that it expected a profit after tax in the range of DKK 2,300-2,600 million for 2023. Announcement • Jan 24
Sydbank A/S Provides Earnings Guidance for the Year 2023 Sydbank A/S provided earnings guidance for the year 2023. For the year, the company expects profit after tax in the range of DKK 1,900 million to DKK 2,200 million.