Avanza Bank Holding AB (FRA:1JJA)
€ 20.49 0.52 (2.6%) Market Cap: 3.30 Bil Enterprise Value: 2.55 Bil PE Ratio: 16.38 PB Ratio: 6.11 GF Score: 82/100
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Q1 2020 Avanza Bank Holding AB Earnings Call Transcript

Apr 21, 2020 / 08:00AM GMT
Release Date Price: €9.54 (+2.69%)
Operator

Hello, everyone, and welcome to the Avanza Interim Report January to March 2020. (Operator Instructions) Today, I'm pleased to present Rikard Josefson, CEO; and Birgitta Hagenfeldt, CFO. Please go ahead.

Rikard Josefson;publ;CEO
Avanza Bank Holding AB

()-

Okay. Good morning to you all, and thank you for listening in. I expect that some of you are working from your homes as is 85% of the staff at Avanza at the moment. And I hope that in this testing times, you all and your families are doing well despite the crisis that we are living in the COVID-19.

If we get going on a business update, on Page #2, where you saw the strong customer growth throughout the quarter. We had a fantastic quarter when it came to new customers. We started the quarter quite well in January, February. And I'd like to emphasize the fact that the growth in number of customers -- of course, March was exceptional, but we had a good start of the year in January, February. And the corona crisis hit Sweden, I would say, in week 9, so pre the crisis, the

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