Danske Bank A/S revises 2024 net profit upwards. Now expects a net profit in the range of DKK 22.5-23.5 billion

31 Oct 2024 07:29 CET

Company announcement no 48 2024



Group Communications
Bernstorffsgade 40
DK-1577 København V
Tel. +45 45 14 00 00





31 October 2024


Danske Bank A/S revises 2024 net profit upwards. Now expects a net profit in the
range of DKK 22.5-23.5 billion

The outlook for 2024 is revised upwards to a net profit in the range of DKK
22.5-23.5 billion. At the release of our upward adjustment on 26 June 2024, we
guided for a full-year 2024 net profit in the range of DKK 21-23 billion.

The profit upgrade follows two changes. Firstly, we now expect operating
expenses for the full year to be around 25.8 billion, reflecting lower than
expected non-recurring items, effect from an insurance reimbursement and
continued focus on cost management. The outlook now includes non-recurring items
of approximately DKK 0.3 billion related to the relocation to the new domicile
and minor costs for the divestment of our personal customer business in Norway.
Previously we expected operating expenses between DKK 26 and DKK 26.5 billion
including non-recurring items of approximately DKK 0.6 billion.

Secondly, we now expect full-year loan impairment charges to be around zero from
previously up to 0.6 billion, reflecting our continually strong credit quality
and reversals of impairment charges for the third quarter of 2024.

Today's change will not have any impact on our financial targets for 2026.


Danske Bank

Contact: Stefan Singh Kailay, Head of Media Relations, tel. +45 45 14 14 00

More information:
Access the news on Oslo Bors NewsWeb site

630823_Company announcement no 48 2024.pdf