Aktuellt
SENASTE
Sparekassen Sjælland-Fyn reported Q2 2021 pre-tax profit of DKK 140m, DKK 2m (2%) below our estimate. The result includes a solid underlying performance with both net interest and fee income slightly ahead of our estimate. Total cost, however, came in DKK 4m (2%) above our estimate due to upward pressure on staff costs. Strong asset quality continues to support net profits and the bank reported loan-loss reversals of DKK 19m. On the negative side, market value adjustments came in at DKK -4m, DKK 12m below our estimate. We lower 2021E-23E adjusted EPS by 1-2%. Our new Gordon growth-based fair value range is DKK 131-156 (133-159). Marketing material commissioned by Sparekassen Sjælland-Fyn.
LÄS MER
