Nordnet AB (publ) (SAVE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, good morning, everyone. Welcome to the presentation of Nordnet's first quarter of 2026. My name is Marcus Lindberg, and I'm the head of investor relations at Nordnet. Joining me today is our CEO, Rasmus Hjelborg, and our CFO, Lennart Krän. Rasmus and Lennart will present the results, and then we'll have the Q&A session. And if you want to ask a question, just click the right hand button in Zoom. Or if you want, you can submit a question in writing, either via Zoom or you can just send me an email. With that, I'll turn the call over to our CEO, Rasmus Jarboe. Please go ahead. Thank you, Markus. And good morning, everybody. Thanks for joining us. In the first quarter, we delivered a very strong performance. But before I get into the results, I want to take a moment for an important recognition. As this is my first quarter as CEO, I want to extend my sincere thanks to my predecessor, Lars-Åke Noling. Over his nearly seven-year tenure and our close partnership, we built a solid foundation here at Nordnet. And in most regards, the results we're reporting here today belong to him. And I'm honored to carry this momentum forward. Turning to the quarter in itself, 2026 began with a high degree of optimism. Markets hit record highs and confidence across the Nordic region continued to build. However, as we've often said, things rarely move in a straight line. As the quarter progressed, the macro environment started to weigh on sentiment. Volatility increased meaningfully, driven by concerns of AI-driven disruption in global tech sectors, and more acutely, of course, the conflict in the Middle East. Against this backdrop, Nordic's performance underscores the importance of a scaled, digital-first franchise. While our customers are retail investors, they are increasingly sop...