Market announcement

AS LHV Group

LEI code

529900JG015JC10LED24

Size of the entity

Large group

Economic activities

Financial and Insurance Activities

Industry sector(s)

Credit institution

Country of registered office

Estonia

General information

This is a correction announcement.

Previous version

LHV Group’s results for February 2017

Categories

Other price sensitive information

Unique data record identifier

5977

Submission date and time

10.03.2017 09:27:30

Content of announcement in Estonian

Title

CORRECTION: LHV Groupi 2017. aasta veebruari tulemused

Message

LHV teenis veebruaris 1,7 miljonit eurot kasumit
Parandus pealkirjas, kus oli ekslikult jaanuari tulemusi mainitud.

AS LHV Group teenis 2017. aasta veebruaris 1,7 miljonit eurot konsolideeritud
puhaskasumit, millest suurematest üksustest teenis pank 1,1 ja varahaldus 0,6
miljonit eurot. Emaettevõtte aktsionäridele kuulus kasumist 1,5 miljonit eurot. 

AS-i LHV Group juhataja Madis Toomsalu sõnul on tegemist tavapärase
veebruarikuuga: „Veebruari tulemust mõjutas lühike kuu ning varahalduse II
samba fondide mahust sõltuv haldustasude korraline vähenemine, mistõttu
võrreldes jaanuariga on tulud madalamad. LHV Varahalduse poolt hallatavate
fondide maht jõudis üle 1 miljardi euro. Kulubaas püsis tavapärasel tasemel.
Laenude ja deposiitide tasemed on ootuspärased, krediidikvaliteet püsib
stabiilselt hea. Aasta kahe esimese kuu põhjal suudame finantsplaani täita.“ 

AS-i LHV Group aruanded on saadaval aadressil:
https://investor.lhv.ee/et/aruanded/. 

LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV
Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab 300
inimest ja LHV pangateenuseid kasutab üle 110 000 kliendi. LHV hallatavatel
pensionifondidel on rohkem 180 000 klienti. 


         Priit Rum
         Kommunikatsioonijuht
         Telefon: +372 502 0786
         Email: [email protected]

Content of announcement in English

Title

CORRECTION: LHV Group’s results for February 2017

Message

LHV Group net profit was EUR 1.7 million in February
Correction regarding the headline, where mistakenly January was mentioned.

In February 2017 AS LHV Group earned EUR 1.7 million consolidated net profit,
of which the major units, the Bank earned 1.1 and Asset Management 0.6 million.
Profit belonging to parent company shareholders was EUR 1.5 million. 

According to Madis Toomsalu, CEO of AS LHV Group LHV has regular month.
"February results were influenced by the short month, and the regular review of
Asset Management Pillar II administrative fees, causing lower incomes compared
to January. Volume of funds managed by LHV Asset Management reached EUR 1
billion. Expense base remained at normal level. Loans and deposits balances are
as expected, credit quality remains stable at good. Based on the two first
month, we are able to fulfill the financial plan," Toomsalu commented. 

Reports of AS LHV Group are available at https://investor.lhv.ee/en/reports/.

LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are AS LHV Pank and AS LHV Varahaldus.
LHV employs about 300 people and over 110,000 customers use LHV’s banking
services. Pension funds managed by LHV have about 180,000 customers. 


         Priit Rum
         Communication Manager
         Phone: +372 502 0786
         Email: [email protected]