January-September 2015
July-September 2015
Outlook unchanged
Earnings for 2015 are expected to be better than in 2014. This view 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.
CEO Maunu Lehtimäki
“Evli’s financial result during the January-September 2015 review period was good. The operating profit was EUR 9.2 million, which corresponds to an operating margin of approximately 20 percent. Return on equity was 18 percent, which exceeds the Group’s 15 percent long-term return on equity target. However, there is no significant change in the revenue or the operating profit when the performance is compared with the corresponding period in the previous year. This is partly because Corporate Finance orders were received during the second and third quarters during the comparison period and some non-recurring expense items were recorded during the review period. Our Wealth Management and Markets business units performed favorably and our net client assets grew by approximately 10 percent year on year and totaled EUR 8.5 billion.”
Further information:
Maunu Lehtimäki, CEO
tel. +358 (9) 4766 9304 or +358 (0)50 553 3000
Juho Mikola, CFO
tel. +358 (9) 4766 9871 or +358 (0)40 717 8888
Evli Bank Plc
Evli is a genuine private bank specializing in investment that helps private persons and institutions increase their wealth. The company offers asset management services, capital markets related services, such as brokerage of equities and other instruments, market making, investment research and a full range of Corporate Finance service. The company also offers a comprehensive selection of funds, and bank services that support clients’ investment operations. Evli’s clients are present and future high net worth private individuals, their families and related companies, and also institutional clients, such as insurance companies, pension funds, organizations, municipal authorities and companies. Evli has a professional staff of over 200 employees, and has a total of EUR 8.5 billion in client assets under management (net September 2015). www.evli.com
© Koodiviidakko Oy - Y-tunnus 1939962-1