Nordnet AB (publ) (SAVE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Welcome to the presentation of Nordnet's second 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 Järboj, and our CFO, Lennart Krän. Rasmus and Lennart will start by presenting the results, and then we'll have a Q&A session. If you want to ask a question, just click the raise hand button in Zoom, or you can submit a question in writing via Zoom, or just send me an email. With that, I'll turn the call over to our CEO, Rasmus Hjelvoin. Thanks, Markus. Hey, good morning, everybody, and thanks for joining us today. The second quarter of 2026 continues to present a dynamic operating environment for Nordnet and our customers. Globally, equity markets showed resilient performance, with major indices pushing towards new highs. However, underlying market volatility remained elevated, driven by persistent deflationary questions, monetary policy shifts, and uncertain geopolitical developments with reignited tensions in the Middle East. Against this backdrop, retail wealth creation has proven to be a highly structural, secular trend. Our customers are not just trading, they are systematically deploying capital for the long term. This behavior, combined with our strong product execution, drove exceptional results this quarter. A standout moment for our platform was the historic IPO of SpaceX. Nordnet acted as a Nordic distributor across Sweden, Denmark, and Norway. This transaction highlights our unique ability to provide institutional-grade deal flow directly to the retail investor community, reinforcing our brand equity and driving significant account acquisition. turning to slide two. The headline for this quarter is that we achieved record quarterly revenue and profit dr...