Sydbank A/S Forecasts Higher Profits for 2024

Sydbank A/S (GB:0MGE) has released an update.

Sydbank A/S has raised its earnings expectations for 2024, now anticipating a post-tax profit between 2.8 and 3.1 billion DKK, an increase from the previously projected 2.5 to 2.9 billion DKK range. The adjustment reflects better-than-expected basic earnings and the continued strength of the Danish economy, despite interest rates. The update comes ahead of the semi-annual report due on August 21, 2024, though the bank notes that financial market developments and macroeconomic conditions could introduce uncertainty to these forecasts.

For further insights into GB:0MGE stock, check out TipRanks’ Stock Analysis page.

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