Avanza Bank Holding reported improved earnings for the January-March quarter, with net profit up 7% to 754 million Swedish crowns from 707 million a year earlier. The Swedish online broker said operating income increased 9% to 1.26 billion crowns, boosted by higher net interest income, increased brokerage and currency-related revenue, and rising fund commission receipts.
Customer engagement contributed to the results. Avanza said its customer base grew by roughly 8% to about 2.3 million during the quarter, and total savings capital rose 15% to just over 1.07 trillion crowns. Net inflows into the platform were 16.5 billion crowns, a decline versus the prior-year period.
The company highlighted that elevated trading activity and stronger interest margins helped offset the impact of rising costs. Avanza's management described the quarter as its "best quarter ever" despite market volatility, citing strong trading volumes as a key driver.
On the strategic front, Avanza revealed plans to expand beyond Sweden for the first time, naming Denmark as its initial international market. The firm outlined an initial investment range of 120 to 150 million crowns for the initiative and set a target launch in the second half of 2027.
While net inflows moderated compared with the year-earlier period, the bank's balance of higher customer numbers and growth in total savings capital underpinned the revenue gains for the quarter. Operating income gains were attributed specifically to increased interest income, brokerage and currency-related activities, and fund commissions.
The expansion into Denmark represents a material step in Avanza's growth plans, with a defined initial capital commitment and a multi-year timeline to market entry. The company did not provide further detail here on product mix, distribution strategy, or expected returns for the Danish operation in the announcement.
Overall, the quarter combined stronger top-line performance with continuing cost pressure, while management emphasized resilient customer activity as central to the results.