SYDB Sydbank A/S

Company Announcement No 46/2022

Company Announcement No 46/2022

        





























Company Announcement No 46/2022



Peberlyk 4

6200 Aabenraa, Denmark







Tel

Fax







Sydbank A/S

CVR No DK 12626509, Aabenraa

sydbank.dk







19 September 2022 

Dear Sirs

Sydbank A/S raises guidance for 2022

Profit after tax in the range of DKK 1,500-1,700m now expected

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, we announced that we expected profit after tax to be in the range of DKK 1,350-1,550m for 2022.

Developments in Q3 2022 have been characterised by:

  • a significant increase in core income
  • continued tight cost control

Impairment charges for loans and advances etc are expected to have a limited impact on profit for Q3 2022. The management estimates are expected to be unchanged at end-Q3 2022.

The outlook for 2022 is subject to uncertainty and depends on financial market developments and macroeconomic factors.

Sydbank’s Interim Report – Q1-Q3 2022 will be released on 2 November 2022 as planned.

Yours sincerely

        

Karen Frøsig        Jørn Adam Møller

CEO                    Deputy Group Chief Executive

Additional information

Jørn Adam Møller, Deputy Group Chief Executive, tel

Susanne Ingemann Faber, Press Manager, tel

Attachment



EN
19/09/2022

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