First quarter 2025 compared to first quarter 2024

• Operating income increased by 21 per cent to SEK 1,152 million as a result of higher net brokerage and net currency-related income as well as higher fund commissions and other income. Net interest income decreased
• Operating expenses increased by 10 per cent to SEK 333 million, mainly due to higher other expenses and personnel costs. The cost increase for the full year is estimated at 11 per cent, as previously communicated
• Operating profit amounted to SEK 818 million, an increase of 26 per cent
• Profit for the period was SEK 707 million, an increase of 28 per cent
• Earnings per share before dilution amounted to SEK 4.50, an increase of 28 per cent

Events during the quarter

• Manual currency exchange on endowment insurance was launched for Private Banking and Pro customers, enabling them to trade without a currency exchange fee on each individual transaction
• Autopension was launched as default fund solution for new occupational pension customers
• Olov Eriksson joined as CPO and member of Group Management. Karin Åge was appointed COO and thereby stepped down from her position as CHRO, which will be assumed by Åsa Dammert on 2 June. Chief Communications and Investor Relations Officer Sofia Svavar and CFO Anna Casselblad both announced that they will be leaving Avanza. The recruitment for replacements is ongoing
  

Quote from Gustaf Unger, CEO Avanza
“It was an eventful quarter in the world, for Avanza and for our customers. High trading activity in combination with a continued strong net interest income means that we are today reporting the best quarterly results in Avanza’s history. Despite the recent stock market turmoil and trade policy announcements, I am optimistic about the future. Our customers have sound savings habits and are aware of the importance of saving also in challenging times.”

A webcast presentation will be held in English by Gustaf Unger, CEO, and Anna Casselblad, CFO, on 15 April 2025 at 10.00 (CEST). There will be an opportunity to ask questions. Further information and registration for participation is available at https://investors.avanza.se/en/ir/calendar/upcoming-events/interim-report-january-march-2025/

This Interim report is published in Swedish and English. In the event of any difference between the English version and the Swedish original, the Swedish version shall prevail.

For further information please contact:
Gustaf Unger, CEO
+46 (0)72 142 96 53
gustaf.unger@avanza.se

Anna Casselblad, CFO
+46 (0)8 409 420 11
anna.casselblad@avanza.se

Karolina Johansson, IR Manager
+46 (0)8 409 422 08
karolina.johansson@avanza.se

Avanza is a digital platform for savings and investments, founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza’s customer promise is that you as a customer will have more left in your own pockets than with any other bank or pension company. Services include saving in shares, funds, savings accounts, mortgages, and a strong pension offering. Avanza has over 2 million customers with more than SEK 900 billion in total savings capital. This is equivalent to 7.8 per cent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange. During the last 15 years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir