Avanza, the leading online broker in Sweden, has recently released its second quarter interim report, showcasing impressive results despite a challenging quarter marked by trade disputes and geopolitical uncertainty. The company’s CEO, Gustaf Unger, expressed satisfaction with the performance, highlighting a 21% increase in operating profit compared to the same period last year, reaching 709 million SEK – slightly below the 712 million SEK expectation.
One of the key drivers of Avanza’s success has been its focus on long-term savings, with Unger emphasizing the positive outlook for increased savings in the future. He pointed to factors such as improved household finances, lower taxes, interest rates, and housing costs as contributors to this trend. The company’s customer base has grown by 9% to nearly 2.2 million, with total assets under management increasing by 11% year-on-year to 993 billion SEK.
Looking ahead, Unger highlighted the integration of Sigmastocks, a robo-advisory service recently acquired by Avanza, as a priority. This move aims to cater to a significant segment of customers who prefer automated investment decisions, expanding the company’s offerings to a broader audience.
In a competitive market environment for online brokers in Sweden, Unger acknowledged the transient nature of players in the industry, noting the recent acquisition of SAVR by Länsförsäkringar as an example of consolidation. He emphasized Avanza’s commitment to maintaining a competitive edge and delivering the best value proposition to customers, remaining agile in response to market dynamics.
Addressing recent rumors of a potential delisting of Avanza from the stock exchange, Unger refuted the speculation, citing the company’s chairman, Sven Hagströmer, who affirmed Avanza’s place on the public market. Despite delivering results in line with expectations, Avanza’s stock experienced a 5% decline in early trading, reflecting market sentiment.
The financial results of Avanza for the second quarter of 2025 are summarized below:
– Revenue: 1,062 million SEK
– Net interest income: 402 million SEK
– Operating expenses: -353 million SEK
– Credit losses: 1 million SEK
– Operating profit: 709 million SEK
– Net profit: 600 million SEK
– Earnings per share: 3.8 SEK
These figures, compiled by Modular Finance, underscore Avanza’s solid performance and strategic positioning in the evolving landscape of online brokerage services. As the company navigates market challenges and pursues growth opportunities, its commitment to innovation and customer-centric approach is poised to drive continued success in the future.