Carnegie - Preliminary Results and Dividend Proposal for the Full Year 2006.Preliminary Net Profit 2006 of 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. 999 Million (SEK 667 Million) STOCKHOLM, Sweden -- Carnegie (STO STO Store (calculator function) STO Société de Transport de l'Outaouais (French) STO Strategic Technology Office (DARPA) STO Security Through Obscurity STO Service to Others :CAR) today announces its preliminary results for 2006 due to the announcement of the acquisition of Max Matthiessen, presented in a separate press release. The acquisition is to be financed through a share issue of a maximum of 6,071,427 shares in Carnegie, corresponding to a transaction value of SEK 856 million based on the share price as of 10 January 2007. The full year-end report for Carnegie 2006 will be presented 1 February. Carnegie's preliminary net profit for 2006 was SEK 999 million (SEK 667 million), an increase of 50%. The net profit generated in the fourth quarter was SEK 279 million (SEK 267 million). Earnings per share for 2006 were SEK 14.46 (SEK 9.98), fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. SEK 14.34 (SEK 9.80). Dividend proposal - Carnegie's Board of Directors will propose a dividend of SEK SEK 10.50 per share, corresponding to a total dividend amount of SEK 815 million, based on the total number of shares outstanding of 77,573,027, including new shares issued to Max Matthiessen's shareholders and assuming full utilisation of Carnegie's warrant programme. Total income for 2006 increased by 27% to SEK 4,475 million (SEK 3,514 million). Income in the fourth quarter was SEK 1,219 million (SEK 1,213 million). Total expenses before profit-share for 2006 were SEK 1,659 million (SEK 1,674 million), a decrease of 1% from last year. Capital structure - Carnegie's current business volume, including the proposed acquisition of Max Matthiessen, is estimated to require a risk capital corresponding to a regulatory capital base of approx. SEK 1.9 billion. The acquisition of Max Matthiessen will slightly decrease the capital adequacy ratio Capital adequacy ratio (CAR), also called Capital to Risk (Weighted) Assets Ratio (CRAR)[], is a ratio of a bank's capital to its risk. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss. in the coming years. Assuming the proposed dividend of SEK 815 million, retained earnings Retained Earnings The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. for 2006 would be around SEK 185 million1. The capital adequacy ratio according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations at 31 December 2006 is expected to be well above 12%, the minimum level decided by the Board. Carnegie ar en oberoende nordisk investmentbank med verksamhet inom Securities, Investment Banking, Asset Management och och interj Scot & Irish an expression of surprise, annoyance, or disagreement Private Banking. Carnegie erbjuder finansiella produkter och tjanster till nordiska och internationella kunder fran kontor i atta lander: Sverige, Danmark, Norge, Finland, Luxemburg, Schweiz, Storbritannien och USA. This information was brought to you by Waymaker http://www.waymaker.net |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion