Carnegie: Interim Report January-March 2008.Challenging Market Environment Yet Positive Development in Asset Management STOCKHOLM, Sweden -- Regulatory News: Carnegie (STO:CAR) January - March 2008 * Total income increased by 12 per cent and amounted to 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. 918m (819). Adjusted for Max Matthiessen income decreased by 6 per cent. * Total expenses before profit share amounted to SEK 591m (455). Adjusted for Max Matthiessen and non-recurring items expenses amounted to SEK 469m (455). * 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. amounted to SEK 181m (192), corresponding to an operating profit margin Operating profit margin The ratio of operating profit to net sales. of 20 per cent (23). * Net profit decreased by 4 per cent and amounted to SEK 127m (132), corresponding to profit per share of SEK 1.63 (1.84). Important events during the first quarter * Strong profits in Asset Management, operating profit up 29 per cent. * Net inflow of SEK 4 billion to Asset Management. * Industry leader in equity research and brokerage, according to analytics company StarMine and magazine Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . Important events after the closing date * Mikael Ericson will begin as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. on 26 April. * Kristina Schauman will begin as CFO See Chief Financial Officer. on 1 August. Carnegie is a leading independent investment bank with Nordic focus. Carnegie provides value-added services in securities brokering, investment banking, asset management, and private banking, as well as pension advisory services to institutions, corporations and private clients. Carnegie has approximately 1,100 employees in eight countries and is listed on the Nordic Exchange. Further information is available at www.carnegie.se/ir. This information was brought to you by Cision http://newsroom.cision.com |
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