Avanza Bank Holding AB (OTCPK:AVVZF)

$ 22.62 0 (0%) Market Cap: 3.46 Bil Enterprise Value: 2.65 Bil PE Ratio: 16.38 PB Ratio: 6.11 GF Score: 83/100

Q2 2019 Avanza Bank Holding AB Earnings Call Transcript

Jul 11, 2019 / 08:00AM GMT

Transcript

Operator

Ladies and gentlemen, welcome to the Avanza interim report for January to June 2019. Today, I am pleased to present Rikard Josefson, CEO; and Birgitta Hagenfeldt, CFO. (Operator Instructions) Rikard, please begin.

Rikard Josefson;publ;CEO

Avanza Bank Holding AB

()-

Okay. Thank you very much. This is Rikard. As previously said, I'm the CEO of Avanza. And I'm here with Birgitta Hagenfeldt, who will take you through the financials. After that, I will give an update on the business side of Avanza at the moment.

So if we move to Slide #2, I think we can see a quarter where strong innovation, we had good customer growth and very nice outcome in external surveys. Some pieces, what we have done during the quarter, is that we have launched a new fund site, better overview, better user experience. We have better comparison with different funds. We also launched Trackers together with Morgan Stanley, which is a substitute for our U.S. ETFs that we no longer can offer due to MiFID II reasons. And we also have offered more European

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