Earnings call transcript: Nordnet posts record Q2 2026 results as shares slip
{
"summary": "Nordnet AB reported record Q2 2026 results, with adjusted revenue of SEK 1.6 billion, up 26% from a year earlier, and adjusted profit before tax of SEK 1.2 billion, up 33%. The company's stock fell 1.46% to $364.2 in premarket trading. Nordnet's CEO, Rasmus Järborg, highlighted the company's strong operating leverage, with revenue rising faster than costs, and the efficiency ratio reaching 27%. The company also reported a 13% year-over-year growth rate in customer acquisition, with 74,000 new active customers added in the quarter. Nordnet's medium-term goal is 13% to 15% annual customer growth, and the company remains confident in this target. The company's long-term revenue margin target is around 45 basis points, which is a through-the-cycle midpoint, not a floor. Nordnet's capital position is strong, with a CET1 ratio of 22.2% and a leverage ratio of 5.0%, well above the regulatory requirement. The company has submitted an application to the Swedish FSA to authorize a new buyback program for shares. Nordnet's strategic priorities for the year include the commercial launch in Germany, platform and trading investments, AI adoption, wealth management, and cost discipline. The company's stock remains near the top of its 52-week range, trading about 4.6% below the high and about 41.3% above the low."
}
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