Avanza Bank Holding AB (publ) (AZA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the presentation of Avanza's Q1 report. With me in the room in Stockholm today, I have CFO Jonas Sverling and Carolina Johansson from Investor Relations. I will start by quickly summarizing some highlights from the quarter and then hand over to Jonas who will take you through the financials. After that, I will talk about the other exciting news announced this morning that we are now entering the next phase in our international expansion. establishing Avanza in Denmark by the second half of 2027. But first some key highlights from Q1. It's safe to say that a changing world has now become the rule rather than the exception. Rapidly shifting macro factors set the agenda throughout last year and the first quarter of 2026. Despite the thermal and geopolitical concerns, we are again reporting a fantastic quarter, the strongest in the history of Avanza. Our customers have once again had to navigate rapid turns and high market volatility. For us at Avanza, this means an environment with high trading activity, which boosted trading income. Foreign trading also held up well, and in absolute terms, it was higher than the previous quarter, although it decreased slightly as a share of total trading, where our customers, especially at the beginning of the year, choose to shift their exposure towards Sweden. I believe this is a natural result of our large Swedish companies being seen as a safe haven when it storms on the stock exchange. but potentially also a sign that savers were positioning themselves for hopes that the Swedish economy will finally gain momentum. We have welcomed a total of 55,400 new customers and had net inflows of 16.5 billion Swedish krona, although the phase-out of external savings accounts continued to have a negative ...