The Group’s net revenue for the review period increased 9 percent and was EUR 32.8 million (1–6/2014: EUR 30.2 million).
The Group’s profit for the review period was EUR 5.0 million (EUR 3.8 million).
Net assets under management grew at a good rate and totaled EUR 8.4 billion at the end of June, including associated companies.
The company has gained significant recognition for its asset management. Evli was ranked best asset manager based on an evaluation of overall quality in TNS Sifo Prospera’s institutional client survey. Evli was also ranked in first place for its investment performance and portfolio management expertise.
Evli Bank’s liquidity is good and its capital adequacy remained at a high level.
The company’s business performance was favorable especially in asset management and brokerage operations. The growth in the number of Private Banking clients exceeded the targets.
"I am satisfied with Evli’s result for the first half-year. Our revenue grew 10 percent and our operating profit grew 30 percent, year on year. Our client assets under management also increased and totaled EUR 8.4 billion at the end of June. I am also very pleased with the many acknowledgements received by Evli’s professionals. Most recently, TNS Sifo Prospera’s institutional client survey found that Evli is Finland’s best and most used asset manager", comments Maunu Lehtimäki, CEO, Evli Bank Plc.
Good outlook for 2015
Earnings for 2015 are expected to be better than in 2014. This outlook is supported by the earnings performance in the early part of the year and the fact that recurring revenue covers a substantial portion of the company's overall costs.
Maunu Lehtimäki, CEO, Evli Bank Plc
tel. +358 (0)9 4766 9304 or +358 (0)50 553 3000
Juho Mikola, CFO, Evli Bank Plc
tel. +358 (0)9 4766 9871 or +358 (0)40 717 8888
Evli Bank Plc
Evli is a Finnish private bank specializing in investment. We offer private clients, companies and institutions a comprehensive product range, and investment and asset management services that are based on cutting-edge expertise. With over 200 investment experts and 30 years in the business, Evli has a wide range of experience and know-how at its disposal. We manage EUR 8.4 billion in client assets (June 30, 2015). www.evli.com
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