Advance information on MeritaNordbanken's operating profit for the first quarter:.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--April 11, 2000 Result for the first quarter of the year 26% better than the respective figure in the first quarter of 1999 Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for the first quarter of 2000 improved to 472 million euro (SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 4 billion). The above information was given by Hans Dalborg Hans Folkeson Dalborg (b. 21 May 1941 in Säter, Dalarna) is a Swedish business executive, who since 2002 is chairman of the board of Nordea. Dalborg completed a B.A. , President and Chief Executive Officer, in his address to shareholders at today's Annual General Meeting of Nordic Baltic Holding (NBH NBH Nemzetbiztonsági Hivatal (National Security Office, Hungary; since 1989) NBH National Board of Health (Denmark) NBH Nike Bauer Hockey NBH Network Busy Hour NBH New Business Hold NBH Non-Business Hours ) AB (publ). Return on equity amounted to 23.1 percent in the first quarter of 2000, which exceeded the level of 20.9 percent reached in 1999. Operational profit increased by 26 percent compared to the previous year and with deductions in connection with the sales of Pohjola shares amounting to 114 million euro. Operating profit does not include writedowns of 40 million euro resulting from the sales of Aleksia. Neither does it include compensation from the pension foundation expected to take place during the year. Both net interest income and net commission income increased substantially. Net commission income increased by over 40 percent compared to the corresponding period in 1999 and it was at a good level compared to the excellent result reached in the last quarter of 1999. Cost development is under strict control and credit losses remained at a low level. Profit per share was 0.16 euro calculated for the first quarter of the year. This is equivalent to SEK 1.35. The ordinary quarterly report will be published on the 28 of April 2000. Further information: Arne Liljedahl, Chief Financial Officer, +46 70 566 71 21 Bjorn Westberg, Investor Relations Investor relations The process by which the corporation communicates with its investors. , +46 70 590 55 52 Lars Thalen, Group Identity and Communications, +46 70 920 06 65 Please visit http://www.bit.se for further information. The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/04/11/20000411BIT00820/bit0001.doc http://www.bit.se/bitonline/2000/04/11/20000411BIT00820/bit0002.pdf |
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