Last kr173.20 DKK
Change Today -0.20 / -0.12%
Volume 177.0K
SYDB On Other Exchanges
Symbol
Exchange
Copenhagen
Stuttgart
OTC US
OTC US
As of 5:01 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

sydbank a/s (SYDB) Snapshot

Open
kr173.40
Previous Close
kr173.40
Day High
kr175.00
Day Low
kr173.20
52 Week High
08/22/14 - kr175.00
52 Week Low
04/14/14 - kr130.10
Market Cap
12.9B
Average Volume 10 Days
357.1K
EPS TTM
kr4.32
Shares Outstanding
74.2M
EX-Date
03/14/14
P/E TM
40.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SYDBANK A/S (SYDB)

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sydbank a/s (SYDB) Details

Sydbank A/S, together with its subsidiaries, provides various banking services to corporate and retail customers in Denmark and internationally. The company operates in Banking, Asset Management, Sydbank Markets, Treasury, and Other segments. It offers various deposits, and loans and advances. The company also provides wealth management, financial advisory, and private banking services; digital information and trading systems for securities and foreign exchange trading; and advisory and management services to instance investment funds, pension pools, foundations, and institutional clients, as well as wealthy clients through individual portfolio management agreements. In addition, it offers commercial banking services; advisory services to corporate clients for instance succession, purchase and sale of businesses, the raising of subordinated loan capital, initial public offerings, and share issues; and leasing services for instance machinery and cars to corporate clients. Further, the company provides online banking services; and advice and settlement services comprising documentary credit, debt collection, and guarantees, as well as export finance. It offers its services through approximately 97 branches in Denmark and 5 in the Germany, as well as through approximately 177 ATMs. Sydbank A/S is based in Aabenraa, Denmark.

2,231 Employees
Last Reported Date: 02/19/14

sydbank a/s (SYDB) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: kr5.3M
Deputy Group Chief Executive
Total Annual Compensation: kr2.2M
Deputy Group Chief Executive and Group Execu...
Total Annual Compensation: kr800.0K
Compensation as of Fiscal Year 2013.

sydbank a/s (SYDB) Key Developments

Sydbank A/S Reports Un-Audited Group and Company Earnings Results for the Second Quarter and Group Earnings Results for the First Half Ended June 30, 2014; Reports Impairment of Loans and Advances Etc. for the Second Quarter of 2014; Provides Earnings and Impairment Charges Guidance for the Year 2014

Sydbank A/S reported un-audited group and company earnings results for the second quarter and group earnings results for the first half ended June 30, 2014. For the first half, the group reported total income of DKK 2,283 million compared to DKK 2,213 million, core earnings before impairment of DKK 918 million compared to DKK 903 million, core earnings of DKK 488 million compared to DKK 229 million, profit before tax of DKK 632 million compared to DKK 502 million, profit of DKK 514 million or DKK 7.0 per diluted share compared to DKK 384 million or DKK 5.2 per diluted share for the last year. Interest income was DKK 1,662 million compared to DKK 1,804 million, net interest income was DKK 1,343 million compared to DKK 1,495 million, cash flows from operating activities was DKK 31 million compared to DKK 680 million for the last year. For the quarter, the group reported total income of DKK 1,142 million compared to DKK 1,091 million, core earnings before impairment of DKK 481 million compared to DKK 442 million, core earnings of DKK 370 million compared to DKK 370 million, profit before tax of DKK 301 million compared to DKK 318 million, profit of DKK 228 million or DKK 3.1 per diluted share compared to DKK 247 million or DKK 3.4 per diluted share for the last year. Book value per share as on June 30, 2014 was DKK 146.7 compared to DKK 142.6 per share as on June 30, 2013. For the first half, interest income was DKK 1,664 million compared to DKK 1,805 million, net interest income was DKK 1,348 million compared to DKK 1,496 million, profit before tax of $632 million compared to $502 million, profit of DKK 514 million or DKK 7.0 per diluted share compared to DKK 384 million or DKK 5.2 per diluted share for the last year. Profit for the period equals a return on average shareholders' equity of 9.8% p.a. against 7.5% p.a. in 2013. Impairment of loans and advances etc. for the second quarter of 2014 was DKK 111 million compared to DKK 325 million in last year. Trading income is projected to increase relative to 2013 due in part to the acquisition of DiBa Bank. Expectations for impairment charges are lowered to DKK 700 million - DKK 800 million where the previously announced expectation was DKK 950 million - DKK 1,100 million.

Sydbank A/S, H1 2014 Earnings Call, Aug 20, 2014

Sydbank A/S, H1 2014 Earnings Call, Aug 20, 2014

Sydbank A/S Reports Group Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for the Fiscal Year 2014; Reports Impairment Charges for the First Quarter of 2014

Sydbank A/S reported group earnings results for the first quarter of 2014. The company reported interest income of DKK 827 million against DKK 903 million a year ago. Net interest income was DKK 660 million against DKK 748 million a year ago. Total income was DKK 1,141 million against DKK 1,122 million a year ago. Core earnings were DKK 118 million against DKK 112 million a year ago. Profit before tax was DKK 331 million against DKK 184 million a year ago. Profit for the period was DKK 286 million against DKK 137 million a year ago. Basic and diluted earnings per share were DKK 3.9 against DKK 1.9 a year ago. Book value per share was DKK 143.5 against DKK 139.3 a year ago. Cash flow from operating activities was DKK 524 million against DKK 2,585 million a year ago. Purchase and sale of property, plant and equipment was DKK 6 million compared to DKK 5 million a year ago. Profit for the period equals a return on average shareholders’ equity of 11.0% against 5.4% in 2013. The bank continues to project a rise in core income in 2014- partly as a result of the acquisition of DIBa Bank, and partly as a consequence of the activities initiated despite continues fierce competition in the sector. The company reported impairment charges for the first quarter of 2014. For the quarter, impairment charges fell to DKK 319 million compared to DKK 349 million, after an extraordinary review of small exposures.

 

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SYDB

Industry Average

Valuation SYDB Industry Range
Price/Earnings 35.9x
Price/Sales 4.0x
Price/Book 1.1x
Price/Cash Flow 35.6x
TEV/Sales NM Not Meaningful
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