Nordnet AB

SAVE · ST · Financial Services / Capital Markets

359.80SEK+4.00 (+1.12%)

Price History

Full chart

Market Stats

Previous Close355.80

Open355.40

Day Range354.20 – 361.80

52-Week Range250.41 – 384.00

Volume179.57K

Market Cap85.99B

P/E (TTM)26.70

Forward P/E20.66

EPS12.96

Dividend Yield2.51%

Beta0.52

50-Day Avg353.12

200-Day Avg322.67

About

Nordnet AB (publ), together with its subsidiaries, operates a digital platform for savings and investments in Sweden, Norway, Denmark, and Finland. Its platform allows customers to invest in stocks, mutual funds, and other securities through website, app, or other applications; offers margin lending and residential mortgages; and pension savings and occupational pension solutions; endowment insurance, and accounts for private pension savings, as well as digital pension management service. The company also offers Shareville, a social investment network that allows customers share their investments in real time. Nordnet AB (publ) was founded in 1996 and is headquartered in Stockholm, Sweden.

Company Details

SectorFinancial Services
IndustryCapital Markets
CEOMr. Rasmus Jarborg
Employees876
HeadquartersAlströmergatan 39, Stockholm, Sweden, 112 47, Sweden
Websitehttps://nordnetab.com

Leadership

Mr. Rasmus JarborgChief Executive Officer · b. 1976
Mr. Lennart Kran B.Sc. (Econ)Chief Financial Officer · b. 1965
Mr. Marcus LindbergHead of Investor Relations · b. 1987
Mr. Johan Tidestad LL.M.Chief Communications Officer · b. 1968
Ms. Carina Tovi B.Sc. (Econ.)Chief Human Resources Officer · b. 1965
Mr. Jakob BergfeldtChief Credit Officer & Director of Payments · b. 1980
Mr. Quincy CurryChief Brokerage Officer · b. 1981
Mr. Mattias SchybergChief Product Officer · b. 1991
Mr. Alexander FrickChief Wealth Manager Officer · b. 1985
Mr. Michel CupurdijaCo-Chief Technology Officer

Financials

Income Statement

Currency: SEK	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: SEK	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	378.11M	434.15M	728.70M	785.62M	702.73M	920.99M	1.12B	1.08B	938.42M	1.04B	1.14B	1.28B	1.23B	1.28B	1.41B	1.68B	2.83B	3.74B	3.74B	5.19B	5.98B	6.57B
Growth (%)	-	+14.82%	+67.85%	+7.81%	-10.55%	+31.06%	+21.77%	-3.32%	-13.45%	+10.73%	+9.34%	+12.88%	-4.34%	+3.94%	+10.28%	+19.25%	+68.61%	+32.33%	+0.10%	+38.64%	+15.19%	+9.86%
Cost of Revenue	103.71M	-	67.65M	-	-	-	40.98M	-	-	50.13M	50.24M	44.45M	30.77M	45.42M	114.85M	122.51M	183.56M	217.90M	381.90M	609.70M	815.10M	1.64B
Gross Profit	274.40M	434.15M	661.06M	785.62M	702.73M	920.99M	1.08B	1.08B	938.42M	988.99M	1.09B	1.24B	1.20B	1.23B	1.29B	1.55B	2.64B	3.52B	3.36B	4.58B	5.17B	4.93B
Gross Margin	72.57%	100.00%	90.72%	100.00%	100.00%	100.00%	96.35%	100.00%	100.00%	95.18%	95.58%	96.53%	97.49%	96.44%	91.83%	92.69%	93.51%	94.18%	89.80%	88.26%	86.37%	75.08%
Operating Expense	159.98M	232.59M	368.93M	505.86M	520.30M	668.09M	820.43M	691.84M	652.24M	694.99M	748.93M	789.41M	828.29M	1.03B	1.15B	1.18B	1.20B	1.07B	1.33B	1.42B	1.68B	1.20B
Operating Income	114.42M	201.56M	292.13M	279.76M	182.43M	252.90M	260.08M	392.40M	286.18M	294.00M	336.98M	448.65M	367.73M	200.21M	141.17M	377.42M	1.45B	2.45B	2.03B	3.16B	3.48B	3.74B
Operating Margin	30.26%	46.43%	40.09%	35.61%	25.96%	27.46%	23.19%	36.19%	30.50%	28.29%	29.66%	34.98%	29.98%	15.70%	10.04%	22.51%	51.17%	65.51%	54.31%	60.95%	58.23%	56.88%
EBITDA	133.78M	222.82M	328.47M	318.87M	251.30M	262.86M	347.76M	383.39M	252.74M	360.51M	407.96M	528.23M	450.60M	290.67M	238.96M	542.75M	1.60B	2.61B	2.21B	3.34B	3.68B	3.96B
EBITDA Margin	35.38%	51.32%	45.08%	40.59%	35.76%	28.54%	31.01%	35.36%	26.93%	34.69%	35.91%	41.19%	36.73%	22.80%	16.99%	32.37%	56.68%	69.86%	58.92%	64.41%	61.61%	60.32%
Net Income	83.95M	145.70M	206.72M	196.31M	138.06M	203.35M	204.63M	270.15M	188.93M	234.72M	278.02M	358.14M	297.05M	167.33M	118.05M	339.49M	1.17B	1.98B	1.65B	2.58B	2.81B	3.02B
Net Income Margin	22.20%	33.56%	28.37%	24.99%	19.65%	22.08%	18.25%	24.92%	20.13%	22.59%	24.47%	27.93%	24.21%	13.12%	8.40%	20.25%	41.48%	53.05%	44.13%	49.67%	47.05%	45.89%
R&D	-	-	-	-	-	-	-	-	-	-	-	-	0.25	0.13	0.08	66.06M	61.05M	69.70M	78.40M	87.50M	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	0.00%	3.94%	2.16%	1.86%	2.09%	1.69%	-	-
Interest Expense	-	26.12M	67.65M	162.41M	216.17M	44.84M	40.98M	57.30M	64.49M	50.13M	50.24M	44.45M	30.77M	45.42M	114.85M	122.51M	183.56M	217.90M	381.90M	609.70M	815.10M	455.00M
Interest Expense % of Total Revenue	-	6.02%	9.28%	20.67%	30.76%	4.87%	3.65%	5.28%	6.87%	4.82%	4.42%	3.47%	2.51%	3.56%	8.17%	7.31%	6.49%	5.82%	10.20%	11.74%	13.63%	6.93%

Balance Sheet

Currency: SEK	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: SEK	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	2.78B	5.87B	10.08B	14.65B	12.88B	23.75B	28.79B	29.06B	31.39B	39.69B	49.24B	60.21B	70.45B	80.34B	92.12B	115.60B	167.99B	232.54B	206.91B	222.25B	273.22B	309.41B
Total Liabilities	2.44B	5.36B	9.39B	13.84B	12.03B	22.72B	27.55B	27.63B	29.88B	38.07B	47.49B	58.34B	68.47B	78.32B	90.13B	112.55B	163.78B	226.55B	200.86B	214.55B	265.29B	301.93B
Total Equity	341.47M	514.43M	691.41M	812.24M	851.76M	1.04B	1.24B	1.43B	1.51B	1.62B	1.75B	1.87B	1.98B	2.02B	1.99B	3.06B	4.21B	5.99B	6.05B	7.70B	7.94B	7.48B
Cash	1.71B	-	-	-	-	-	-	-	-	2.84B	3.69B	4.33B	436.42M	392.30M	1.34B	409.54M	3.10B	4.25B	3.73B	4.19B	3.78B	4.67B
Total Debt	2.30B	120.47M	113.47M	48.67M	46.67M	22.55M	175.75M	175.75M	175.75M	175.75M	175.74M	-	41.72B	46.57B	51.79B	214.44M	199.63M	195.20M	163.60M	170.80M	217.50M	900.00M
Net Debt	2.30B	120.47M	113.47M	48.67M	46.67M	22.55M	175.75M	175.75M	175.75M	-2.67B	-3.51B	-4.33B	-436.42M	-392.30M	-1.34B	-409.54M	-3.10B	-4.05B	-3.56B	-4.02B	-3.57B	-3.77B

Cash Flow

Currency: SEK	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: SEK	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	116.12M	1.20B	1.17B	681.11M	1.57B	-826.75M	2.38B	-28.39M	1.93B	3.34B	1.73B	3.89B	2.59B	3.51B	2.54B	11.90B	13.61B	6.49B	-12.60B	6.10B	12.55B
Investing Cash Flow	578.78M	-100.59M	-86.24M	-36.30M	-3.33B	1.25B	-3.24B	-230.54M	-2.84B	-3.62B	-2.41B	-3.18B	-4.37B	-2.40B	-4.01B	-9.10B	-12.20B	-5.75B	13.95B	-3.42B	-9.02B
Financing Cash Flow	45.48M	-28.50M	-153.98M	-101.89M	-50.55M	9.15M	-87.51M	-113.77M	-122.52M	-148.77M	-369.96M	-248.41M	1.69B	-100.00M	715.37M	22.17M	-236.80M	-1.43B	-877.50M	-2.61B	-2.52B
Capital Expenditure	41.95M	93.20M	78.40M	33.66M	49.66M	254.17M	25.36M	26.44M	30.10M	55.63M	39.61M	58.89M	117.11M	196.16M	634.28M	102.18M	167.60M	160.60M	36.70M	243.60M	276.00M
Free Cash Flow	74.17M	1.11B	1.09B	647.45M	1.53B	-1.08B	2.36B	-54.83M	1.90B	3.29B	2.51B	3.83B	2.47B	3.32B	1.90B	11.80B	13.44B	6.33B	-12.63B	5.85B	12.27B
Dividends Paid	-	16.50M	82.51M	82.51M	82.17M	83.85M	87.51M	113.77M	122.52M	148.77M	175.03M	226.70M	174.45M	100.00M	820.00M	820.00M	820.00M	1.39B	1.15B	1.81B	2.02B
FCF to OCF	63.87%	92.26%	93.30%	95.06%	96.85%	130.74%	98.94%	193.16%	98.44%	98.34%	144.75%	98.49%	95.47%	94.42%	74.99%	99.14%	98.77%	97.53%	100.29%	96.00%	97.80%
Dividend Paid to FCF	-	1.48%	7.56%	12.74%	5.39%	-7.76%	3.71%	-207.49%	6.45%	4.53%	6.99%	5.92%	7.07%	3.02%	43.12%	6.95%	6.10%	21.92%	-9.09%	30.90%	16.50%

Earnings

Report Date	Oct 23, 2020	Feb 4, 2021	Apr 29, 2021	Jul 23, 2021	Oct 29, 2021	Feb 3, 2022	Apr 28, 2022	Jul 22, 2022	Oct 28, 2022	Jan 31, 2023	Apr 25, 2023	Jul 25, 2023	Oct 24, 2023	Jan 30, 2024	Apr 23, 2024	Jul 23, 2024	Oct 25, 2024	Jan 28, 2025	Apr 24, 2025	Jul 18, 2025	Oct 20, 2025	Jan 27, 2026	Apr 24, 2026	Jul 16, 2026	Oct 22, 2026
EPS Estimate	-	1.33	2.65	1.85	1.57	1.83	1.78	1.48	1.55	1.97	2.52	2.42	2.45	2.59	2.61	2.74	2.76	2.73	3.05	2.84	2.91	2.98	3.42	3.49	3.70
EPS Actual	1.11	1.48	2.65	1.75	1.63	1.85	1.86	1.26	1.57	2.00	2.49	2.25	2.49	2.55	2.74	2.86	2.70	2.56	3.13	2.84	2.86	3.05	3.32	3.80	-
Surprise	-	11.28%	0.00%	-5.41%	3.82%	1.09%	4.49%	-14.86%	1.29%	1.52%	-1.19%	-7.02%	1.63%	-1.54%	4.98%	4.38%	-2.17%	-6.23%	2.62%	0.00%	-1.72%	2.35%	-2.92%	8.88%	-
Timing	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	Pre-market	After-hours	After-hours

Key Statistics & Ratios

Market Cap85.99B

Enterprise Value165.61B

Trailing P/E26.70

Forward P/E20.66

Price / Sales13.03

Price / Book10.22

EPS12.96

Book Value32.43

Revenue (TTM)6.60B

Gross Profit (TTM)5.82B

Profit Margin49.86%

Operating Margin64.66%

Return on Equity42.76%

Return on Assets1.04%

Shares Outstanding248.51M

Shares Float149.61M

Beta0.52

Dividend Yield2.51%

Dividend Rate8.60

Payout Ratio66.00%

Dividends

20261×

8.60Apr 28, 2026

20251×

8.10Apr 29, 2025

20241×

7.20Apr 29, 2024

20231×

4.60Apr 19, 2023

20221×

5.56Apr 29, 2022

20212×

1.77Dec 15, 20211.51Apr 30, 2021