Nordea announced 2004 first quarter results

2004-04-29

Strong results in Q1, 2004

Operating profit up 52% to EUR 584m (EUR 383m in Q4 2003).
Net profit more than doubled to EUR 418m (EUR 202m).
Total income up 2% to EUR 1,421m (EUR 1,399m).
Total expenses down 10% to EUR 873m (EUR 973m).
Loan losses down 50% to EUR 42m (EUR 84m).
Earnings per share EUR 0.15 (EUR 0.07).
Return on equity (excl. goodwill) 18.2% (9.7%).

Making banking delightfully easy