Danske Bank AS (OCSE:DANSKE)

kr 209.7 -0.2 (-0.1%) Market Cap: 175.71 Bil Enterprise Value: 978.59 Bil PE Ratio: 7.64 PB Ratio: 0.99 GF Score: 68/100

Q1 2019 Danske Bank A/S Earnings Call Transcript

Apr 30, 2019 / 12:30PM GMT

Release Date Price: kr118.05 (-9.57%)

Transcript

Jesper Nielsen;S;Interim CEO

Danske Bank A;Head of Banking DK & Member of Executive Board

/- -

Hello, and welcome to the presentation of Danske Bank's financial results for the first quarter of 2019. Thank you all for taking the time to listen in on this call today. My name is Jesper Nielsen, interim CEO. And with me, I have our CFO, Christian Baltzer; and our Head of Investor Relations, Claus Ingar Jensen.

Slide 1, please. In today's call, we will present Danske Bank's financial results for the first quarter of 2019. We aim to keep this presentation to around 20 minutes. After the presentation, we'll open for a Q&A session as usual. Afterwards, feel free to contact our Investor Relations department if you have any more questions.

Slide 2, please. The first quarter of 2019 posted a weak financial result compared with the result for the same period the year before. Net profit for the period came in at DKK 3 billion against DKK 4.9 billion in the first quarter of 2018. The result was affected by lower net interest income, higher expenses

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