Second quarter 2019 compared to second quarter 2018 · Customer growth was 31,500 (23,300), an increase of 35 per cent · Net inflow in the quarter was SEK 8,270 million (4,840), an increase of 71 per cent · Operating income increased by 17 per cent, mainly due to improved net interest income but also higher brokerage income and fund commissions · Operating expenses increased by 8 per cent, mainly due to higher personnel cost. The long-term guidance on Avanza’s annual cost increase is 9−12 per cent, with a current budget figure for 2019 of 10.5 per cent · Net profit amounted to SEK 101 million, an increase of 28 per cent · Avanza expanded its range of trackers, which can be seen as an alternative to last year’s reduced selection of ETF’s · A great deal of work has spent on the fund offering, resulting in a number of improvements, including a completely new fund page · Share data on foreign shares was introduced · In the area of sustainability, Avanza launched a separate section on sustainable savings, more extensive sustainability data in the fund marketplace and a Green Mortgage loan in collaboration with Stabelo · Avanza received several awards during the quarter, including from Lipper Fund Awards, ServiceScore and in Kantar Sifo’s reputation index · Camilla Hedenfelt has been named the new Head of Human Resources and a member of Group Management. She will take on her new role on 1 September Quote from Rikard Josefson, CEO Avanza “In the quarter we reached over SEK 100 billion in fund capital. We saw a strong net inflow, received several fine awards and passed 900,000 customers. We also had a record number of active equity investors and reached our highest eNPS ever, which shows the strong commitment among our employees.” +-----------+-------+-------+------+-------+------+-------+-------+------+ | | Q2| Q1|Change| Q2|Change|Jan-Jun|Jan-Jun|Change| +-----------+-------+-------+------+-------+------+-------+-------+------+ | | 2019| 2019| %| 2018| %| 2019| 2018| %| +-----------+-------+-------+------+-------+------+-------+-------+------+ |Operating | 284| 268| 6| 244| 17| 552| 515| 7| |income, SEK| | | | | | | | | |m | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ |Operating | –166| –164| 1| –153| 8| –330| –305| 8| |expenses, | | | | | | | | | |SEK | | | | | | | | | |m | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ |Operating | 117| 100| 18| 90| 31| 217| 209| 4| |profit, SEK| | | | | | | | | |m | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ |Net profit,| 101| 87| 16| 79| 28| 188| 183| 3| |SEK m | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ |Earnings | 0.67| 0.57| 16| 0.53| 26| 1.24| 1.22| 2| |per share | | | | | | | | | |before | | | | | | | | | |dilution, | | | | | | | | | |SEK | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ |Operating | 41| 37| 4| 37| 4| 39| 41| –1| |margin, % | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ | | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ |Net inflow,| 8,270| 7,570| 9| 4,840| 71| 15,800| 12,800| 24| |SEK m | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ |No. of new | 31,500| 33,600| –6| 23,300| 35| 65,200| 65,700| –1| |customers | | | | | | | | | |(net) | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ |Savings |359,300|335,700| 7|307,100| 17|359,300|307,100| 17| |capital at | | | | | | | | | |the | | | | | | | | | |end of the | | | | | | | | | |period, SEK| | | | | | | | | |m | | | | | | | | | +-----------+-------+-------+------+-------+------+-------+-------+------+ A webcast presentation will be held by Rikard Josefson, CEO, and Birgitta Hagenfeldt, CFO, on 11 July 2019 at 10.00 (CEST). The presentation will be held in English and there will be opportunities to ask questions. The presentation can be followed at investors.avanza.se/en. Phone number for participants: · Sweden: +46 (0)8 566 426 51 · UK: +44 33 330 008 04 · US: +1 63 191 314 22 This information is information that Avanza Bank Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.15 (CEST) on 11 July 2019. This Interim Report is published in Swedish and English. In the event of any difference between the English version and the Swedish original, the Swedish version shall prevail.