Jyske Bank Raises Guidance After Q1 Profit Beats Expectations

• (PLX AI) - Jyske Bank Q1 pretax profit DKK 1,100 million vs. estimate DKK 912 million.
• • Jyske Bank upgrades FY outlook for earnings per share to DKK 44-50 from DKK 40-46
• • Outlook FY profit after tax DKK 3,000-3,400 million, up from DKK 2,700-3,100 million
• • Says saw increasing lending growth, particularly to corporate clients, as well as a generally high level of activity
• • Value adjustments had a marginally positive contribution in addition to moderate reversals of impairment charges