• (PLX AI) – Avanza fourth-quarter earnings beat expectations, but costs continuing to increase may take the spotlight, analysts said.
  • • Avanza Q4 beat on both revenue and profits, but operating expenses increased 14% in the quarter
  • • That brought the full-year cost increase to 13%, or 16.7% excluding some accounting effects - that is SEK 10 million more than the company had previously estimated
  • • With management now guiding costs for 2022 to amount to SEK 1,050-1,070 million, the midpoint is cost growth of 22.5% compared to 2021, SEB said
  • • That is higher than Avanza's previous expectations of costs increasing 20% this year

Quelle: PLX AI