Nordnet AB

Overview

Nordnet AB is a pan-Nordic financial services company headquartered in Stockholm, Sweden. Founded in 1996, it operates a digital platform for savings and investments, providing services such as stock brokerage, electronic trading, loans, and pension funds across Sweden, Denmark, Finland, and Norway. The company offers a range of financial products, including stocks, mutual funds, and other securities, as well as margin lending and residential mortgages. Additionally, Nordnet provides pension savings solutions and a social investment network called Shareville, allowing customers to share their investments in real time. Nordnet's business benefits from a long-term trend of customer migration from incumbent banks to digital savings platforms. As the only independent pan-Nordic digital savings and investments platform operating at scale, Nordnet is well-positioned to capitalize on the migration to digital platforms across the Nordic region. The company has a long-term track record of significant growth in customers and savings capital, with an acceleration in its growth trajectory in recent years. In 2021, Nordnet reported revenues of SEK 3.63 billion and operating income of SEK 2.45 billion, with assets totaling SEK 232.54 billion. The company employs approximately 798 people. In April 2020, Nordnet reached a milestone of 1,000,000 customers. In November 2020, Nordnet was relisted on the Nasdaq Stockholm, with the Öhman group remaining the largest shareholder with 21.64% of total shares. The company's stock is listed on Nasdaq Stockholm in the Large Cap segment. Nordnet's financial performance has shown positive trends, with increased revenues and operating income in recent years. For instance, in the first quarter of 2026, the company reported revenues of SEK 1,485 million, a 6.4% increase compared to the same period the previous year, and an operating income of SEK 1,042 million, a 5.8% increase. Despite these positive results, both figures were slightly below market expectations. The company's CEO, Rasmus Järborg, commented on the strong quarter, stating that Nordnet is strengthened by this record quarter but remains humble in the face of the external environment. The net savings also approached record levels, amounting to SEK 28.8 billion. Looking ahead, Nordnet remains optimistic about its growth prospects, citing factors such as lower inflation and increased purchasing power as support for continued growth in 2026. The company continues to focus on expanding its customer base and enhancing its digital platform to meet the evolving needs of investors in the Nordic region.

Investment Focus

• Focus on Nordic markets
• Preference for digital platforms and online services
• Interest in a wide range of asset classes, including equities, fixed income, funds, ETFs, derivatives, commodities, cryptocurrencies, real estate, private equity, hedge funds, infrastructure, and ESG and impact investing

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