Month: May 2024

Press release  Bernstorffsgade 40DK – 1577 København VTel. +45 45 14 00 00 3 May 2024Good start to the year driven by robust customer activity across the business and strong credit quality in uncertain environmentNet profit of DKK 5.6 billion for the first quarter of 2024 Carsten Egeriis, Chief Executive Officer, comments on the financial results: “In the first three months of the year, we saw macroeconomic uncertainty remaining high, not least because of the geopolitical landscape. It is still very much a mixed picture with many areas of the Nordic economies performing well, but we also see businesses facing headwinds, for example within construction. Unemployment remains low, and households are in the process of regaining their real income. For Danske Bank, the first quarter of 2024 was a continuation of our stable and satisfactory...

Q1 2024 RESULTS Leasing contract and Services margins at EUR 706.6 million, up 30.6% vs. Q1 2023, driven by the consolidation of LeasePlan and up 16.0% vs. Q4 20231, on the back of stabilizing underlying margins2, materialization in P&L of synergies with LeasePlan and limited non-recurring items Used car sales (UCS) result per unit at EUR 1,6613 in Q1 2024 excluding the impacts of reduction in depreciation costs and Purchase Price Allocation (PPA), stable vs. Q4 2023 (EUR 1,706). UCS result per unit at EUR 626 including the impacts of reduction in depreciation costs and PPA Cost to income ratio4 at 67.7%, improving from 68.4% in Q4 2023Cost of risk5 at 25 bps vs. 19 bps in Q4 2023Net income (group share) at EUR 187.8 million, up from EUR 28.2m in Q4 2023, which was impacted by various non-recurring itemsReturn on Tangible Equity...

Novonesis realized 4% organic sales growth in line with expectations and maintains 2024 outlook. Ester Baiget, President & CEO: “I am pleased with the first quarter organic sales growth of 4% with growth in both Food & Health and Planetary Health. We are off to a good start in line with expectations and very well on track to deliver 5-7% organic sales growth for the full year with an adjusted EBITDA margin of around 35%. It’s highly comforting to see our new organization’s focus on both short and long-term deliverables and developments.” Pro forma sales performance¹ (organic sales growth calculation capped for hyperinflation countries)Against a strong comparable Novonesis realized 4% pro forma organic sales growth in Q1 2024. Volumes increased by around 2% and pricing also contributed around 2%. Pro forma sales in EUR amounted...

Company announcement for the first quarter of 2024 Kamilla Hammerich Skytte, CEO, comments on the first quarter of 2024: “In the first quarter of 2024, Realkredit Danmark recorded a stable result of DKK 1,005 million. The positive development in the top line was attributable to the rise in interest rate levels. Net profit for the period was down DKK 58 million because of an increase in model-based loan impairment charges. As expected, housing market activity was low early in the year as a consequence of the property tax reform, which meant that many housing trades had been brought forward to late 2023. Towards the end of the first quarter of 2024, however, we saw an increase in the number of housing trades. We expect to see moderate rises in general house prices across Denmark in 2024. A fair increase in salaries and the consequent recovery...

P R E S S  R E L E A S EStockholm, May 3, 2024 Improved growth and margins, despite challenging market January 1 – March 31, 2024Net sales MSEK 619 (579). Currency adjusted growth +7%. EBITA +23%, MSEK 58 (47). EBITA margin 9.5 (8.2) %. Profit after tax +135%, MSEK 53 (23), excluding the reversed provision of earn-out +11%, MSEK 25 (23).1) Earnings per share +135%, SEK 2.75 (1.17), excluding the reversed provision of earn-out +11%, SEK 1.30 (1.17).1)”BTS’s growth and profitability improved during the first quarter due to increasing sales volumes and the efficiency measures implemented during 2023.”Jessica Skon, CEO of BTS Group AB Outlook 2024The 2024 full-year outlook is unchanged; the result (EBITA) is expected to be better than in 2023. For more information, please contact: Michael WallinHead of investor relationsBTS Group AB (publ)michael.wallin@bts.com...

THE GROUP CONTINUES TO GROW  CASA AND CAG STATED AND UNDERLYING DATA Q1-2024             CRÉDIT AGRICOLE S.A.   CRÉDIT AGRICOLE GROUP    Stated   Underlying     Stated   UnderlyingRevenues   €6,806m+11.2% Q1/Q1   €6,797m+10.5% Q1/Q1     €9,525m+6.7% Q1/Q1   €9,475m+5.8% Q1/Q1Expenses   -€3,669m-4.5% Q1/Q1   -€3,649m-5.0% Q1/Q1     -€5,589m-5.4% Q1/Q1   -€5,569m-5.8% Q1/Q1Gross Operating Income   €3,137m+37.6% Q1/Q1   €3,148m+36.1% Q1/Q1     €3,936m+30.4% Q1/Q1   €3,906m+28.1% Q1/Q1Cost of risk   -€400m+6.9% Q1/Q1   -€380m+1.6% Q1/Q1     -€651m-18.9% Q1/Q1   -€631m+15.2% Q1/Q1Net income group share   €1,903m+55.2% Q1/Q1   €1,933m+54.7% Q1/Q1     €2,384m ...

RESULTS AT 31 MARCH 2024Press release                                                        Paris, 3 May 2024 QUARTERLY RESULTS Quarterly revenues of EUR 6.6 billion, stable vs. Q1 23 (-0.4%), driven by very good performances of Global Banking and Investor Solutions, Private Banking and International Retail Banking, an increase in revenues and net interest income in France compared with Q4 23, despite a shift from sight deposits to remunerated savings, and a stabilisation of margins as well as the normalisation of used car sales’ results at Ayvens Cost-to-income ratio at 74.9% in Q1 24, operating expenses down -1.5% vs. Q1 23, transformation charges of around EUR 350 million Cost of risk at 27 basis points in Q1 24, provision outstanding on performing loans of EUR 3.31 billion Group net income of EUR 680 million Reported ROTE at 4.1% SOLID...