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Sydbank Revises 2024 Profit Forecast Amid Better Energy Restructuring
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Sydbank Revises 2024 Profit Forecast Amid Better Energy Restructuring

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The latest update is out from Sydbank A/S ( (GB:0MGE) ).

Sydbank A/S has announced potential impairments amounting to DKK 450 million due to a major restructuring of Better Energy. Consequently, the bank has revised its post-tax profit expectations for 2024 to be within the range of DKK 2,700 to 2,900 million, down from the previously announced range of DKK 2,800 to 3,100 million. The restructuring is poised to impact the bank’s financial outcomes for the year, reflecting adjustments made to accommodate the changes in Better Energy’s structure.

More about Sydbank A/S

Sydbank A/S is a prominent financial institution based in Denmark, offering a wide range of banking services and products. The company is focused on delivering comprehensive financial solutions to both individual and corporate clients within and beyond the Danish market.

YTD Price Performance: 42.72%

Average Trading Volume: 19,996

Technical Sentiment Consensus Rating: Sell

Current Market Cap: DKK20.26B

For a thorough assessment of 0MGE stock, go to TipRanks’ Stock Analysis page.

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