Financial results first quarter 2019

7.7%

Return on equity after tax

DKK 3.0 bn

Net profit

"The first three months of the year brought continued growth in lending. This is evidence of good underlying developments across our business. Overall, however, we had a difficult financial start to the year."
Jesper Nielsen

Interim Chief Executive Officer

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Find the most relevant files

  • 30. Apr 2019Interim report - first quarter 2019
  • 30. Apr 2019Conference call presentation - first quarter 2019
  • 30. Apr 2019Fact Book Q1 2019
  • 30. Apr 2019Debt investor update Q1 2019
  • 02. May 2019Speech from conference call - first quarter 2019
  • 30. Apr 2019Audio from conference call - first quarter 2019
  • 30. Apr 2019One-off items Q1 2019
  • 30. Apr 2019Financial statements Q1 2019
  • 30. Apr 2019Additional Pillar 3 disclosures Q1 2019
  • 30. Apr 2019Internal Capital Adequacy Assessment - first quarter 2019
  • 30. Apr 2019Supervisory Diamond - first quarter 2019
  • 01. Feb 2019Risk Management 2018
  • 01. Feb 2019CR Report 2018
  • 01. Feb 2019CR Factbook 2018
View all

Outlook 2019

The outlook for 2019 has been changed from Annual Report 2018.

We still expect net profit for 2019 to be in the range of DKK 14-16 billion. However, this now includes the expected gain on the sale of Danica Pension Sweden of approximately DKK 1.3 billion, subject to closing of the transaction.

We now expect net interest income to be at lower than the level in 2018, as volume growth will be more than offset by higher funding costs and margin pressure. 

Net fee income is still expected to be higher, due mainly to the effect of the acquisition of SEB Pension Danmark and subject to customer activity.

Expenses are still expected to be at around the level in 2018 (including the donation of DKK 1.5 billion) due to higher costs related to AML, SEB Pension Danmark, VAT and a higher activity level. The outlook includes costs of DKK 0.3 billion specifically earmarked for AML digitalisation efforts.

Loan impairments are still expected to be higher.

The outlook is subject to uncertainty and macroeconomic developments.

We maintain our long-term ambition of being in the top three among major Nordic peers in terms of return on shareholders’ equity.

Facts & figures

Our financial Fact Book is updated every quarter. It covers financial statistics, key statistics and macroeconomics.

234

 

number of branches

2.2

 
million

eBanking, Mobile and Tablet Banking customers

One-off items

(DKK millions)Q1 2019Q2 2019Q3 2019Q4 2019YTD 2019
Reported pre-tax profit4,012  4,012
Change in VA add-on to discount curve at Danica-140  -140
Non-core value adjustment-300
 -300
One-off items, in sum-440
  -440
Adjusted pre-tax profit4,452
  4,452
      
 (DKK millions)Q1 2019Q2 2019Q3 2019Q4 2019YTD 2019
Net interest income0  0
Net fee income0  0
Net trading income-140  -140
Other income0  0
Revenues, in sum-140  -140
Costs0  0
Impairments0  0
Profit before tax, Non-core-300  -300
Effect on pre-tax profit00

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Income statement
Balance sheet
Financial highlights
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Income statement
Balance sheet
Financial highlights
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Contact us

If you would like more information about Danske Bank's activities, please contact us at Investor Relations. Direct contact information can be found below, while general inquiries can be directed to investor.relations@danskebank.dk
  • Claus I. Jensen

    Head of Investor Relations

    Mobile: +45 25 42 43 70
    Email: clauj@danskebank.dk
  • John Bäckman

    Chief IR Officer

    Phone: +45 45 14 07 92
    Mobile: +45 30 51 46 85
    Email: jbc@danskebank.dk
  • Heidi Birgitte Nielsen

    Chief IR Officer

    Phone: +45 45 13 92 34
    Mobile: +45 27 20 41 74
    Email: heidn@danskebank.dk
  • Robin Løfgren

    Senior IR Officer

    Phone: +45 45 14 06 04
    Mobile: +45 24 75 15 40
    Email: rlf@danskebank.dk
  • Tulle Louise Præstrud

    IR Coordinator

    Phone: +45 45 14 06 80
    Email: lopr@danskebank.dk