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BankNordik just upgraded its net profit guidance for 2022 from DKK 140-170m to DKK 160-190m. We currently estimate 2022E net profit of DKK 157m. The upgrade is driven by the impact that the current development on the financial markets has on BankNordik’s market value adjustments and by better-than-expected operating profit up until now. We are likely to make positive EPS revisions of 10-15% for 2022E and positive EPS revisions of 3-7% for 2023E-24E.
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