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Investing.com -- Shares of Nordnet AB (STO:NNB) dropped 4% following the release of its updated medium-term guidance.
The company's new revenue margin guidance of approximately 45 basis points (bps) aligns with market expectations but falls short of its previous estimate of 55 bps. The adjustment in guidance is a key factor influencing investor sentiment.
Despite the downward revision in revenue margin guidance, Nordnet reported a fourth-quarter operating profit, adjusted for certain items, that was roughly 10% higher than consensus estimates, attributed mainly to better brokerage income and net interest income (NII), which included a one-off SEK 24 million.
However, costs were slightly higher than anticipated. For fiscal year 2025, the company's NII guidance of approximately SEK 2,050 million was in line with consensus estimates.
Adding to the mix of financial forecasts, Nordnet has announced its ambition to expand its operations to Germany, with a launch expected in the second half of 2026.
The company anticipates associated costs of around SEK 60 million in 2025, which are expected to increase to approximately SEK 100 million per annum starting in 2028.
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