Profit slide no surprise for Nordnet: "We've never seen a Q1 like last year"

That the Nordic investment platform and broker shaves a third off its first-quarter bottom line year-over-year comes as little surprise for Danish country manager Anne Buchardt, who stays optimistic about the long term, especially due to customer growth.

Photo: Brian Karmark/ERH

Nordnet’s profit fell by 35 percent to SEK 153m (EUR 14.86m) in this year’s first quarter, but Danish country head Anne Buchardt is nevertheless content. She didn’t count on a repeat of the same bottom-line result of SEK 237m (EUR 23.03m) from Q1 last year.

”We know that 2021 was in many ways an exceptional year purely in terms of investment, We have never seen a quarter like Q1 of last year, nor do I expect us to ever see anything like it again,” Buchardt tells AMWatch’s Danish sister media, FinansWatch, in an interview.

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