News
Nordea announced 2004 first quarter results
2004-04-29
Strong results in Q1, 2004
- Operating profit up 52% to EUR 584m (EUR 383m in Q4 2003).
- Net profit more than doubled to EUR 418m (EUR 202m).
- Total income up 2% to EUR 1,421m (EUR 1,399m).
- Total expenses down 10% to EUR 873m (EUR 973m).
- Loan losses down 50% to EUR 42m (EUR 84m).
- Earnings per share EUR 0.15 (EUR 0.07).
- Return on equity (excl. goodwill) 18.2% (9.7%).