S-Bank Plc
Inside information
17 Dec 2024 at 10.30 EET
Inside information, positive profit warning: S-Bank raises its outlook for 2024
S-Bank Plc is raising its outlook for 2024. The company now estimates that its full-year operating profit will exceed the previous year’s level (EUR 147.4 million in 2023). Previously, the company expected its full-year operating profit to be almost at the same level as in the previous year.
The raised outlook is based on S-Bank’s strong financial performance throughout the year. S-Bank’s financial performance is also supported by the successful transaction with Handelsbanken. The transaction was successfully completed at the turn of November and December and is expected to have a more positive impact on the result than previously estimated.
S-Bank will further comment on its financial performance in connection with the publication of its financial statement bulletin on 6 February 2025.
Contact persons:
Riikka Laine-Tolonen, CEO
Mika Heikkilä, CFO
Disclosure regulation
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This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This communication does not constitute an offer of notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the notes. Consequently, this communication is directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000, as amended, do not apply and are solely directed at persons in the United Kingdom who, (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order and (iii) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.
Contacts
- S-Pankin viestintä, S-Bank Communications, +358 10 767 9300, viestinta@s-pankki.fi
About S-Bank Plc
S-Bank is a Finnish bank and part of S Group. We exist to give everyone the possibility of a little more wealth. We have more than three million customers and we know their day-to-day life. We bring convenience and value to our customers through our easy-to-use digital services, for example. Being a full-service bank, we offer support to our customers every day and at the turning points in their lives. s-pankki.fi