2018: Stronger trust capital
Our strong position in the Nordic capital market generated persistently high business activity and good earnings in 2018.
Notwithstanding the rising market turbulence towards the end of the year, we continued to leverage our stronger market position as an adviser and broker in the Nordic market. Cooler conditions for equity capital market transactions were offset by higher income in other areas. Total income is down only slightly compared to the preceding year.
Stronger client trust
Our ongoing investments in further building our market position have had substantial and positive impact, as evident in client and market surveys during the year. Client trust was strengthened among companies, institutions and private individuals in 2018.
Carnegie has received the market’s highest accolades for our knowledge in equity research, equity sales, corporate advisory, corporate bonds and wealth management, as well as corporate access and back-office. Accordingly, Carnegie once again finished the year with a leading market position in all areas of operations. This is a testament to the outstanding competence, commitment and client focus of our employees.
Responsibility and sustainability
As planned, we are also continuing to more clearly integrate the sustainability perspective in advisory. Carnegie is committed to providing responsible advisory and to leveraging our market role to stimulate responsible investment. Looking only at our Nordic research power, sustainability parameters have been included for all listed Nordic companies we cover. We have the same high level of ambition for our own sustainable development and employer responsibility. Accordingly, quantifiable sustainability targets were integrated with our other financial targets during the year
The long-term approach will also be integrated in our investments and outlook going forward. The market trend remains uncertain and the business climate is beyond our control. Our focus is on continuously improving our capacity to meet clients' ongoing advisory needs.
CEO and President