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MarketScreener Homepage  >  Equities  >  NASDAQ OMX ICELAND  >  Kvika banki hf.    KVIKA   IS0000020469

KVIKA BANKI HF.

(KVIKA)
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Kvika banki hf.: Preliminary results for Q3 2020 and updated earnings estimate for the year

10/29/2020 | 08:59am EST

While preparing the unaudited preliminary financial results for the third quarter it has become clear that Kvika banki hf. (Kvika or the Bank) results for the quarter are higher than were expected. Estimated earnings before tax for the first nine months amount to ISK 1,530 million.

According to the Bank‘s current earnings forecast for the year, revised on 14 May alongside the publication of results for the first quarter, estimated annual earnings before tax were expected to range between ISK 1,700 – 2,300 million. It has now been decided to increase the median for earnings before tax estimate by ISK 150 million and earnings for the year before tax are now expected to range between ISK 2,000 – 2,300 million.

The revision in the earnings forecast can be mainly attributed to improved results from asset management operations, strong project pipeline of the Corporate Finance division and increase in net financial income.

Kvika will publish its financial results for the first nine months of the year in accordance with its financial calendar on 12 November 2020.

© OMX, source OMX

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Financials
Sales 2019 7 080 M 54,9 M 54,9 M
Net income 2019 2 662 M 20,7 M 20,7 M
Net cash 2019 3 191 M 24,8 M 24,8 M
P/E ratio 2019 8,33x
Yield 2019 -
Capitalization 36 076 M 279 M 280 M
EV / Sales 2018 2,02x
EV / Sales 2019 2,46x
Nbr of Employees 148
Free-Float 73,1%
Chart KVIKA BANKI HF.
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Kvika banki hf. Technical Analysis Chart | KVIKA | IS0000020469 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Marinó Örn Tryggvason Chief Executive Officer
Ragnar Páll Dyer Managing Director-Finance & Operations
Baldur Stefansson Managing Director-Finance
Inga Björg Hjaltadóttir Independent Director
Hrönn Sveinsdóttir Independent Director
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