Nordea Corporate Insights

Nordic corporates have bet big and succeeded in sustainability – Can they keep it up? The Nordic countries are punching above their weight in sustainability, and so are Nordic corporates. In this Nordea On Your Mind podcast, Johan Trocmé, Viktor Sonebäck and Jonas Ankjaer discuss just how good companies are in this area, how it has evolved over time, and why there has been such a strong and succes...

Spending your capital right can boost the value of your business. Companies can invest or pay out capital to shareholders. They can invest in capex, R&D or acquisitions. They can pay dividends or make share buybacks. In this Nordea On Your Mind podcast, Johan Trocmé, Viktor Sonebäck and Jonas Ankjaer talk about how companies globally have used their capital since 2000, and how these choices affect...

It is 25 years since the euro was first introduced. Finland has used it from the start, and Denmark has pegged its krone to it. But Norway and Sweden have had floating currencies since the early 1990s. In this Nordea On Your Mind podcast, Johan Trocmé and Viktor Sonebäck review how the different Nordic economies have been affected by currency. Are they happy with the outcome? What currency will th...

The release of Open AI’s ChatGPT in November 2022 has driven a tsunami of interest in generative AI. In this Nordea On Your Mind podcast, Johan Trocmé and Viktor Sonebäck explain the ‘big new thing’, Large Language Models, what they can and cannot do, and how generative AI could affect the Scandinavian labour market in the years ahead. And yes, they do touch upon the nightmare scenario, with an AI...

Does not saying anything about future performance of your business protect you from being held accountable? Or could the use of financial targets even improve the value of your business? In this Nordea On Your Mind podcast Johan Trocmé, Viktor Sonebäck and Jim Jokinen review what targets Nordic large listed companies have used from 2007-2022, how they have been changed, if they have been reached,...

If you are reading this you are online. So are criminals. Cybercrime is soaring, with estimated global costs of USD 8 trillion in 2023 alone. Johan Trocmé, Viktor Sonebäck and Arien Haghshenas from Nordea Thematics lay out why cybercrime is growing so fast, what the key threats are for corporates, and how they can protect themselves. Disclaimer: All opinions and estimates in this podcast are, rega...

Picking up from an earlier Nordea On Your Mind report in 2019, Johan Trocmé and Viktor Sonebäck talk in this podcast about the inflation and interest rate shock in 2022 starting to reverse the decade-long trend of bonds replacing bank funding for Nordic large corporates. Is leverage a problem in the Nordic region? For all types of borrowers? How much could higher funding costs eat into corporate c...

Central banks had struggled for a decade with extreme measures as shock therapy to push inflation even close to typically targeted 2% levels, with very limited success. But Russia’s invasion of Ukraine in early 2022 triggered supply shocks for energy and food, which has caused a sharp and sudden inflation spike. In this Nordea On Your Mind podcast, Johan Trocmé and Viktor Sonebäck remind us what i...

When did we last experience a normal year? In this podcast, Johan Trocmé and Viktor Sonebäck review the Nordea On Your Mind topics covered this year and warn that 2023 may not be peaceful and quiet either. But we should not despair; it often takes a crisis to bring positive structural change. Disclaimer: All opinions and estimates in this podcast are, regardless of source, given in good faith, and...

Are you praying for greater wind speeds? Loading up with blankets ahead of the winter? Sky high electricity prices has made the European energy crisis something real and highly relevant for us all. In this Nordea On Your Mind podcast, Johan Trocme and Viktor Sonebäck talk you through what has caused the crisis, how the Nordic countries have been swept into Europe’s challenges, and how the crisis i...

In Nordea Thematics annual treasury study, 160 Nordic large corporates have answered questions about what they consider to be the greatest risks and how they manage them. Johan Trocmé and Viktor Sonebäck talk about the companies’ exposures to Russia and China, how and why supply chains will be de-globalised in the coming years, and how exposures and hedging of commodity, FX and interest rate risks...

Retail sales have been migrating online from stores for years. The pandemic gave a big boost to this migration, which has now eased off. In this Nordea On Your Mind podcast, Johan Trocmé and Viktor Sonebäck talk about what will come next, how the online share of retail sales could resume its structural growth trend, with demographics as a key driver. Disclaimer: All opinions and estimates in this...

The Basel IV global framework for bank regulation aims to harmonise how banks calculate their risk-weighted assets, but will lead to higher reserve capital requirements, particularly for lending to corporates. In this Nordea On Your Mind podcast, Johan Trocmé and Viktor Sonebäck talk about how this will affect corporate borrowers, and how they can prepare.

Global green energy transition was already urgent, and then came war in Ukraine, making it necessary for Europe to end its dependence on Russian energy imports. Massive investments will be needed, and in this Nordea On Your Mind podcast Johan Trocmé and Viktor Sonebäck talk about project finance – a potentially crucial tool to help fund the green transition. Disclaimer: All opinions and estimates...

Large companies have since 2016 invested far less than they used to do historically. In this podcast, Johan Trocmé and Viktor Sonebäck from Nordea Thematics talk about how the world’s nations have committed under the Paris agreement to investing in limiting global warming to save the planet, and how companies will need to invest massively both in becoming more sustainable and to pursue business op...

In a Christmas edition podcast, Johan Trocmé and Viktor Sonebäck look back at an eventful year, and re-visit the Nordea On Your Mind themes of the year. What do they have in common, and will 2022 see more COVID-related themes? Disclaimer: All opinions and estimates in this podcast are, regardless of source, given in good faith, and may only be valid as of the stated publication date and are subjec...

From supply chain bottlenecks and long delivery times to labour shortages and inflation, 2021 brought its share of economic surprises. Many of the challenges will continue into 2022, says Nordea Group Chief Economist Helge Pedersen. Disclaimer: All opinions and estimates in this podcast are, regardless of source, given in good faith, and may only be valid as of the stated publication date and are...

Does ownership matter for corporate value creation? Having a major owner or not? What kind of owner, with what agenda? In this podcast, Johan Trocmé, Viktor Sonebäck and Thea Koren talk about who owns Europe’s listed companies, and the striking differences in performance for different types of owners explored in the NOYM report ‘The ideal owners’. Disclaimer: All opinions and estimates in this pod...

Johan Trocmé, Viktor Sonebäck and Thea Koren from Nordea Thematics talk about their 2021 treasury survey. How has the pandemic impacted financial performance and policies? Has digitalisation of corporate business models and automation of the treasury been helped or hindered? Are treasuries spending their time on the right things, and if not, what would they need to do? Find out in this podcast. #n...

Social distancing during the pandemic has sharply reduced our mobility and led to new ways of working and consuming. Will we keep working more remotely going forward? Will we need offices? If so, what will they look like? Find out in this Nordea On Your Min podcast with Johan Trocmé, Viktor Sonebäck and Thea Koren.

Is the Danish economy on the brink of overheating? Will growing labour shortages become a problem? And can we expect the housing market boom to continue? Find out all this and more in this podcast with Nordea Chief Analyst Jan Størup Nielsen on the Danish economic outlook. Disclaimer: All opinions and estimates in this podcast are, regardless of source, given in good faith, and may only be valid a...

Cryptocurrencies have seen their prices soar in the past 18 months and now have a total market cap above USD 2tn. Johan Trocmé and Viktor Sonebäck explore what cryptos are, what they are used for, what has driven the bonanza and whether there is a use case for them as a means of payment. Disclaimer: All opinions and estimates in this podcast are, regardless of source, given in good faith, and may...

How do you determine if a company is good at sustainability? ESG ratings vary greatly among providers, who are all measuring different things with different approaches. In this Nordea On Your Mind podcast, Viktor Sonebäck and Johan Trocmé talk to Nordea’s Anaïs Gilbert about how corporates should navigate this immature and rapidly evolving field. Disclaimer: All opinions and estimates in this podc...

In this Nordea On Your Mind podcast, Johan Trocmé, Viktor Sonebäck and Kajsa Andersson discuss what has driven the hype for sustainability, why it is here to stay, and how their analysis clearly shows that it pays off through superior financial performance. They also make sense of ESG ratings, which are the natural tool for measuring a company’s sustainability, but a rapidly evolving area with man...

When will global economic activity be back to normal? Is rising inflation, particularly in the US, a cause for concern? What about ballooning government debt? And what can we expect from the red-hot housing markets? Find out all this and more in this podcast interview with Nordea Group Chief Economist Helge J. Pedersen on the latest Nordea Economic Outlook: Unrestricted Growth. Disclaimer: All opi...