Interim report January-June 2008

2008-07-18 08:00

January - June 2008

• Total income decreased by 3 percent and amounted to SEK 1,841m (1,891).
• Total expenses before profit share amounted to SEK 1,305m (979). The first half of 2008 included provisions to credit reserves of SEK 130m (0) as described on page 7.
• Operating profit before profit share amounted to SEK 537m (912).
• Net profit amounted to SEK 211m (115), corresponding to a profit per share of SEK 2.72 (1.54).
• Net inflow of SEK 6 billion to Asset Management since year-end.

Second quarter of 2008

• Total income decreased by 14 percent and amounted to SEK 923m (1,072).
• Total expenses before profit share amounted to SEK 713m (524). The quarter included a provision to credit reserves of SEK 100m (0) as described on page 7. Adjusted for this item expenses amounted to SEK 613m (524).
• Net profit amounted to 85m (-18), corresponding to a profit per share of SEK 1.09 (-0,23).

Important events

• Streamlining of the business into three independent business areas and five product segments.
• A programme is being developed to reduce the cost base, as described on page 7.
• Carnegie appointed best Swedish brokerage firm by Financial Hearings, and best equity house in Norway by business magazine Euromoney.