Q4/19 EPS came in at NOK 1.76, 10%/2% above ARCe/cons
NII growth of 3% q/q and solid retail growth in the quarter
Frende with a strong Q4 contribution of NOK 42m vs NOK 2m last year
Expect fairly neutral estimate revisions

30 Jan 2020
Solid Q4 earnings, but 4.2% yield is soft

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Solid Q4 earnings, but 4.2% yield is soft
Q4/19 EPS came in at NOK 1.76, 10%/2% above ARCe/cons
NII growth of 3% q/q and solid retail growth in the quarter
Frende with a strong Q4 contribution of NOK 42m vs NOK 2m last year
Expect fairly neutral estimate revisions