Result supported by lowest cost level since 1999
-- Operating result(a) SEK 1,792 M, 5 per cent lower than Q1 2002 on
comparable basis
-- Total income SEK 6,579 M, a decrease of 5 per cent on comparable
basis
-- Total costs SEK 4,551 M, down by 5 per cent on comparable basis
-- Annualised costs further reduced to SEK 19.5 billion
-- Credit losses remained at low level
-- Return on equity 10.9 per cent (12.4) and earnings per share SEK
1.81 (1.98)
-- Strong sales in the Group's retail divisions.
(a) Includes pension compensation of SEK 161 M (294). Statutory operating profit (excluding pension compensation) amounted to SEK 1,631 M (1,722).
More detailed information is presented on www.seb.net. The "Additional information" includes: Appendix 1 SEB Trygg Liv Appendix 2 Credit exposure Appendix 3 Capital base for the SEB financial group of undertakings Appendix 4 Market risk Operational Profit & Loss Account quarterly performance nine quarters -- The SEB Group -- Bridge between present and previous accounting principles -- The Divisions and business areas -- Revenue split -- One-off items Statutory Profit & Loss Account etc -- The SEB Group -- Skandinaviska Enskilda Banken Further information is available from: Gunilla Wikman, Head of Group Communications +46 8 763 81 25 mobile +46 70 763 81 25 Per Anders Fasth, Head of Group Investor Relations +46 8 763 95 66 Financial information during 2003: 13 February 2003 Annual Accounts 2002 9 April 2003 Annual General Meeting 8 May 2003 Interim Report January-March 14 August 2003 Interim Report January-June 22 October 2003 Interim Report January-September
This interim report has not been reviewed by the Auditors of the Bank.
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/05/08/20030508BIT00040/wkr0001.pdf
Interim report Jan-March 2003
http://www.waymaker.net/bitonline/2003/05/08/20030508BIT00040/wkr0002.pdf
Additional Information