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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)
Provider: Thomson Reuters StreetEvents

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Danske Bank A/S Lowers FY 2013 Net Profit Guidance and Announces Lay-Offs-Reuters

Thursday, 31 Oct 2013 03:19am EDT 

Reuters reported that Danske Bank A/S has decided to lower its expectations for the fiscal year 2013, and announced that it planned further job cuts after posting lower-than-expected pre-tax profit in the third quarter 2013. The Bank gave no detail on the number of extra lay-offs. Danske Bank lowered its 2013 full-year outlook for net profit (net income) to between DKK 6.0 billion and DKK 8 billion from earlier guidance of between DKK 6.5 billion and DKK 9.0 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report net income of DKK 8.715 billion for the fiscal year 2013. 

Company Quote

-0.6 -0.36%
5:52am EDT