SEK –5.13%: Job ads remain at all-time highs and that set a good backdrop for SEK’s FY22 results today, with particular strength obvious in the 2H across ANZ & Asia. FY22 underlying net profit after tax (NPAT) came in a $259.6m, ahead of the $246.5m expected along with a dividend of 21cps. That was a rise of 84% on FY21, however guidance for FY23 missed the mark, SEK saying that underlying NPAT would likely be $250-$270m versus current consensus of $286.4m, about a 10% miss.
MM is neutral SEK
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