Nordea announce 2003 results

Net profit was up 68% to E1.49bn (E887m in 2002). Operating profit was up 17% to E1.812bn (E1.547bn in 2002). Total income was largely unchanged at E5.639bn (E5.67bn in 2002). Total costs were down by 2%. Earnings per share were E0.51 (E0.3 in 2002). Return on equity (excluding goodwill) was 16.7% (11.3% in 2002). Proposed dividend was E0.25 per share, an increase of 9% on 2002.

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