• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Is November’s Net Savings Surge and Customer Growth Altering The Investment Case For Nordnet (OM:SAVE)?

    Simply Wall St·12/10/2025 06:25:11
    Listen to the news
    • In early December 2025, Nordnet AB (publ) reported its November operating statistics, highlighting 5,054,900 trades, 16,200 new customers, SEK 5.5 billion in net savings, and total savings capital of SEK 1,168 billion with lending of SEK 29.3 billion.
    • An interesting takeaway is that Nordnet’s customer base reached 2,333,400 by the end of November, supported by a double‑digit annual customer growth rate of 12.6%, underscoring ongoing engagement with its savings and investment platform.
    • We’ll now examine how November’s SEK 5.5 billion in net savings and continued customer growth affect Nordnet’s existing investment narrative.

    The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.

    Nordnet Investment Narrative Recap

    To own Nordnet, you need to believe in its ability to keep converting strong customer growth into durable savings inflows and profitable activity on its platform. November’s SEK 5.5 billion in net savings and 16,200 new customers support that story, but they do not materially change the near term balance between the key catalyst of higher customer engagement and the ongoing risk that trading activity or market volatility could soften and weigh on revenues.

    The November operating update sits alongside Nordnet’s Q3 2025 results, which put net income for the first nine months at SEK 2,241 million. Together, the earnings delivery and monthly statistics give a clearer view of how higher savings capital and trading volumes may influence margins at a time when cost growth and competitive pricing pressures remain important watchpoints for the current investment case.

    Yet even with healthy customer growth, investors should be aware that Nordnet’s heavy reliance on trading activity and volatility...

    Read the full narrative on Nordnet (it's free!)

    Nordnet's narrative projects SEK6.6 billion revenue and SEK3.7 billion earnings by 2028. This requires 3.6% yearly revenue growth and about SEK0.9 billion earnings increase from SEK2.8 billion today.

    Uncover how Nordnet's forecasts yield a SEK275.30 fair value, a 5% upside to its current price.

    Exploring Other Perspectives

    OM:SAVE 1-Year Stock Price Chart
    OM:SAVE 1-Year Stock Price Chart

    Simply Wall St Community members have only two fair value estimates for Nordnet, ranging from SEK 182.11 to SEK 275.30, underscoring how far opinions can diverge. When you set those views against the current reliance on trading volumes and volatility for near term revenue, it becomes even more important to weigh several different scenarios for how the business might perform.

    Explore 2 other fair value estimates on Nordnet - why the stock might be worth 30% less than the current price!

    Build Your Own Nordnet Narrative

    Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

    Seeking Other Investments?

    Opportunities like this don't last. These are today's most promising picks. Check them out now:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.