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An update from Nordnet AB ( (SE:SAVE) ) is now available.
Nordnet AB reported a strong first quarter of 2026, with operating profit rising 6% year-on-year to SEK 1,042 million and profit after tax up 5% to SEK 839 million, marking its first-ever pre-tax profit above SEK 1 billion. Total customers grew 12% to about 2.43 million, while savings capital surged 23% to SEK 1,214 billion and average savings per customer ticked up modestly.
Net savings reached SEK 28.8 billion, and new customers, net inflows and trading activity all hit their highest levels for a single quarter since 2020–2021, underscoring strong momentum in brokerage and fund operations. Management highlighted a turnaround in net interest income supported by rising market rates and higher deposits, stable cost control in line with an 8% annual cost-growth target, and increased investment in AI-based tools such as automated news and financial report summaries, coinciding with the appointment of former deputy CEO Rasmus Järborg as the new chief executive from 1 April.
The most recent analyst rating on (SE:SAVE) stock is a Hold with a SEK335.00 price target. To see the full list of analyst forecasts on Nordnet AB stock, see the SE:SAVE Stock Forecast page.
More about Nordnet AB
Nordnet AB is a Nordic digital savings and investments platform offering online brokerage, fund trading and related financial services to retail customers. The company focuses on customer growth and increasing savings capital across its core markets, positioning itself as a leading low-cost, technology-driven player in the region’s investment industry.
Average Trading Volume: 333,975
Technical Sentiment Signal: Buy
Current Market Cap: SEK82.48B
For detailed information about SAVE stock, go to TipRanks’ Stock Analysis page.