Financials Danske Bank A/S

Equities

DANSKE

DK0010274414

Banks

Market Closed - Nasdaq Copenhagen Other stock markets 16:20:00 11/02/2026 GMT			5-day change	1st Jan Change
339.30 ^DKK	-1.19%		+2.11%	+6.50%

02-11	Deutsche Bank Raises Target Price for Danske Bank to 361 Danish Kroner (346), Reiterates Buy	FW
02-10	Sampo Prices SEK1.5 Billion of Restricted Tier 1 Notes	MT

Projected Income Statement: Danske Bank A/S

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	42,584	41,203	52,445	56,400	56,840	58,574	60,006	61,939
Change	-	-3.24%	27.28%	7.54%	0.78%	3.05%	2.44%	3.22%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	16,921	14,725	27,031	30,669	30,992	32,360	33,395	34,857
Change	-	-12.98%	83.57%	13.46%	1.05%	4.42%	3.2%	4.38%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	16,571	-2,284	26,682	31,212	30,699	31,441	32,300	33,759
Change	-	-113.78%	1,268.21%	16.98%	-1.64%	2.42%	2.73%	4.52%
Net income ¹	12,469	-5,153	21,262	23,629	23,037	23,344	24,107	25,026
Change	-	-141.33%	512.61%	11.13%	-2.51%	1.33%	3.27%	3.81%
Announcement Date	03/02/22	02/02/23	02/02/24	07/02/25	05/02/26	-	-	-

¹DKK in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	10,805	10,486	10,218	11,076	10,327	8,746	9,767	12,362	13,411	12,176	13,031	13,827	13,955	14,055	13,826	14,569	13,931	13,985	13,696	15,228	14,354	14,458	14,461	15,691	14,971	14,972	14,959	16,203
Change	-	-2.95%	-2.56%	8.4%	-6.76%	-15.31%	11.67%	26.57%	8.49%	-9.21%	7.02%	6.11%	0.93%	0.72%	-1.63%	5.37%	-4.38%	0.39%	-2.07%	11.19%	-5.74%	0.72%	0.02%	8.5%	-4.59%	0.01%	-0.09%	8.32%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	4,531	3,989	4,114	4,286	3,955	2,325	-12,637	5,454	7,131	5,838	6,827	7,235	7,618	7,574	7,598	7,879	7,641	7,606	7,376	8,370	8,028	7,960	8,114	8,777	-	-	-	-
Change	-	-11.96%	3.13%	4.18%	-7.72%	-41.21%	-643.53%	143.16%	30.75%	-18.13%	16.94%	5.98%	5.29%	-0.58%	0.32%	3.7%	-3.02%	-0.46%	-3.02%	13.48%	-4.09%	-0.85%	1.93%	8.17%	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	4,054	3,747	4,270	4,500	3,707	2,164	-13,033	4,877	6,954	6,018	6,475	7,235	7,517	7,774	7,935	7,985	7,591	7,390	7,384	8,334	7,166	7,172	-	-	-	-	-	-
Change	-	-7.57%	13.96%	5.39%	-17.62%	-41.62%	-702.26%	137.42%	42.59%	-13.46%	7.59%	11.74%	3.9%	3.42%	2.07%	0.63%	-4.93%	-2.65%	-0.08%	12.87%	-14.01%	0.08%	-	-	-	-	-	-
Net income ¹	3,025	2,676	3,217	3,551	2,765	1,835	-13,792	4,174	5,167	5,011	5,319	5,765	5,629	5,839	6,165	5,995	5,757	5,454	5,520	6,307	6,031	5,873	5,989	6,231	6,271	6,099	6,059	6,489
Change	-	-11.54%	20.22%	10.38%	-22.13%	-33.63%	-851.61%	130.26%	23.79%	-3.02%	6.15%	8.39%	-2.36%	3.73%	5.58%	-2.76%	-3.97%	-5.26%	1.21%	14.26%	-4.37%	-2.62%	1.97%	4.04%	0.65%	-2.75%	-0.66%	7.1%
Announcement Date	28/04/21	23/07/21	29/10/21	03/02/22	29/04/22	21/07/22	27/10/22	02/02/23	27/04/23	21/07/23	27/10/23	02/02/24	02/05/24	19/07/24	31/10/24	07/02/25	02/05/25	18/07/25	31/10/25	05/02/26	-	-	-	-	-	-	-	-

¹DKK in Million

Estimates

Forecast Balance Sheet: Danske Bank A/S

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	03/02/22	02/02/23	02/02/24	07/02/25	05/02/26	-	-	-

Estimates

Cash Flow Forecast: Danske Bank A/S

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	408	686	826	841	990	343
Change	-	68.14%	20.41%	1.82%	17.72%	-65.35%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	04/02/21	03/02/22	02/02/23	02/02/24	07/02/25	05/02/26

¹DKK in Million

Estimates

Forecast Financial Ratios: Danske Bank A/S

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	39.74%	35.74%	51.54%	54.38%	54.52%	55.25%	55.65%	56.28%
EBT Margin (%)	-	38.91%	-5.54%	50.88%	55.34%	54.01%	53.68%	53.83%	54.5%
Net margin (%)	-	29.28%	-12.51%	40.54%	41.9%	40.53%	39.85%	40.17%	40.4%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.3%	-0.13%	0.56%	0.6%	0.6%	0.62%	0.54%	0.55%
ROE	-	7.6%	-3.1%	12.7%	13.4%	13.3%	13.05%	13.4%	13.81%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	7.5	-	14.5	28.7	22.72	22.26	21.94	22.48
Change	-	-	-	-	97.93%	-20.84%	-2.01%	-1.45%	2.47%
Book Value Per Share ¹	-	200.6	188.4	204.4	210.7	222.3	226.2	230.7	240
Change	-	-	-6.08%	8.49%	3.08%	5.51%	1.78%	1.95%	4.06%
EPS ¹	-	14.6	-6	24.7	27.8	27.9	29.04	30.58	32.54
Change	-	-	-141.1%	511.67%	12.55%	0.36%	4.08%	5.32%	6.4%
Nbr of stocks (in thousands)	-	853,105	850,681	858,852	833,617	814,367	813,584	813,584	813,584
Announcement Date	-	03/02/22	02/02/23	02/02/24	07/02/25	05/02/26	-	-	-