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SEB Q3 Operating Profit Rises - Quick Facts

SEB S.A. (0MGS.L,SEBYF.OB) reported an increase in profit, and operating income for the third quarter of 2021. Return on equity was 14.1 percent and a Common Equity Tier 1 capital ratio was 20.2 percent. The Group said the strong financial position allows capital repatriation, as the capital buffer exceeds both the regulatory requirement and its own target.

Third quarter net profit to shareholders increased to 6.63 billion Swedish kronor from 4.77 billion kronor, prior year. Earnings per share was 3.04 kronor compared to 2.19 kronor. Operating profit before items affecting comparability was 8.00 billion kronor, up 35 percent from last year. Total operating income increased 9 percent to 13.72 billion kronor from 12.56 billion kronor, last year.

SEB's Board has decided to initiate a 2.5 billion kronor share buyback program and to propose a further ordinary dividend of 4.10 kronor per share. The Board will convene an Extraordinary General Meeting on 12 November 2021.

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