Choice of data centre and new profit forecast for 2025

Core Viewpoint - AL Sydbank A/S has chosen Bankdata as its future IT solutions provider, marking a significant step towards achieving annual cost synergies of DKK 1,200 million and enhancing operational efficiency through a unified IT platform [2][3]. Group 1: IT Solutions and Cost Synergies - The decision to partner with Bankdata will facilitate the development of a common IT platform, which is essential for the merged bank to operate efficiently [2]. - The exit from BEC will incur an exit fee, which is now payable in December 2025, accelerating the integration process [4]. - The move to Bankdata is expected to optimize development capacity and efficiency, aligning with the bank's strategic goals [3]. Group 2: Profit Forecast and Financial Adjustments - The profit forecast for 2025 has been revised to a range of DKK 1,700-1,900 million, down from the previous expectation of DKK 2,400-2,600 million [5]. - Merger and integration costs are now anticipated to be between DKK 1.4-1.9 billion, slightly lower than earlier estimates [5]. - The bank aims to enhance its offerings to corporate customers, reinforcing its position as Denmark's Corporate Bank [4].