Northmill Group AB (publ) publishes its Year-end Report 2018
Stockholm, Sweden 28 February – Northmill Group AB (publ), org. no. 556786-5257.
JANUARY–DECEMBER 2018 (COMPARED WITH JANUARY–DECEMBER 2017)
Revenue increased by 42% to SEK 435.8 million (307.5)
Net interest income increased by 46% to SEK 357.1 million (243.8)
Adjusted Earnings before tax increased by 27% to SEK 152.2 million (119.5)
Cost/income ratio decreased to 0.31 (0.32)
The return on equity was 44%
THE FOURTH QUARTER (COMPARED WITH THE FOURTH QUARTER OF 2017)
Revenue increased by 6% to SEK 103.0 million (97.0)
Net interest income increased by 10% to SEK 85.3 million (77.8)
Earnings before tax decreased by 49% to SEK 20.7 million (39.7)
“2018 has been an eventful year and Northmill has taken giant leaps as a company. We continue to deliver strong results and finished the last quarter according to our plan. The earnings growth is expected to continue through strong loan book growth, stable margins, cost control and good credit quality. We will continue to invest in key strategic areas to prepare for an ambitious expansion plan as well as our goal of becoming a licensed bank,” says Hikmet Ego, CEO at Northmill.
The full year-end 2018 report is available here.
For more information, please contact:
Tobias Ritzén, CFO
+46 72-534 97 61