Börsiteade
AS LHV Group
LEI kood
529900JG015JC10LED24
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Sektor(id)
Krediidiasutus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
5617
Manused
Esitamise kuupäev ja aeg
19.07.2016 08:00:00
Teate sisu eesti keeles
Pealkiri
LHV Groupi 2016. aasta II kvartali ja 6 kuu auditeerimata majandustulemused
Teade
LHV teenis teises kvartalis 4,9 miljonit eurot kasumit
AS LHV Group teenis 2016. aasta teises kvartalis konsolideeritult 4,9 miljonit
eurot kasumit: pank teenis sellest 3,5 miljonit eurot, varahaldus 1,6 miljonit
eurot ja Leedu äriüksus 0,3 miljonit eurot. Kasumit suurendas baasärile lisaks
panga teenitud erakorraline tulu mahus 0,9 miljonit eurot.
Teises kvartalis teenis LHV Group 1,4 miljonit eurot rohkem kasumit kui
esimeses kvartalis ja 1,9 miljonit eurot rohkem kui II kvartalis aasta tagasi.
LHV aktsionäridele kuuluva omakapitali tootlus oli teises kvartalis 22%.
Grupi konsolideeritud laenud kasvasid II kvartalis 37 miljonit eurot (+9%; +22
miljonit eurot I kvartalis) 465 miljoni euroni ja konsolideeritud hoiused
kasvasid 27 miljonit eurot (+4%; +28 miljonit eurot I kvartalis) 682 miljoni
euroni. LHV poolt juhitud fondide maht kasvas kvartaliga 294 miljonit eurot
(+49%; +27 miljonit eurot I kvartalis) 891 miljoni euroni ja see sisaldab II
kvartali jooksul lõpule viidud tehingut, mille käigus Varahaldus omandas 100%
AS Danske Capital aktsiad.
AS-i LHV Group 2016. aasta esimese kuue kuu konsolideeritud kasum oli 8,4
miljonit eurot: pank teenis sellest 6,4 miljonit eurot, varahaldus 2,2 miljonit
eurot ja Leedu äriüksus 0,6 miljonit eurot. Poolaasta kasum on 0,2 miljonit
eurot rohkem kui eelmisel aastal (2015. aasta I kvartal sisaldas Soome äri
müügi erakorralist tulu).
AS LHV Groupi juhataja Erkki Raasuke ütles, et LHV aasta esimene pool on hästi
õnnestunud:
„Lõppenud kvartali üheks teetähiseks oli meie esmane avalik aktsiaemissioon,
kui 23. mail alustati NASDAQ Tallinna börsil kauplemist LHV Groupi aktsiatega.
Börsileminek ei olnud finiš vaid pigem avang edasise kasvu ja arengu
kindlustamiseks. Kaasasime LHV kasvu toetamiseks investoritelt 13,9 miljonit
eurot, lastes välja kaks miljonit uut aktsiat. Esimese kauplemispäeva lõpuks
oli LHV turuväärtuseks 180 miljonit eurot.
Panga tugevat aasta esimest poolt on vedanud laenutoodete intressitulud ja
stabiilsena püsinud krediidikvaliteet. Uute klientide voog on püsinud tugevana
ja iga kuuga võidab Pank juurde 2500-3000 uut jaeklienti. Kokku on meie
pangaklientide arv jõudnud 96 000-ni. Samas tuleb ka mainida, et tunneme
selgelt intressikeskkonna mõju ja likviidsusvaru hoidmine muutub Pangale
järjest kulukamaks.
Pank teenis teises kvartalis erakorralist tulu 0,9 miljonit eurot seoses
tehinguga, mille käigus Visa Inc (USA) tegi ülevõtupakkumise Visa Europe
omandamiseks. LHV Pank, nagu väga paljud teised Euroopa pangad, omas väikest
kogust Visa Europe aktsiaid.
Varahalduse kasum oli teises kvartalis eelmise kvartali tulemusest 1,0 miljoni
euro võrra suurem. Alates mai kuust on Varahalduse grupis Danske Capitali äri
ja see on ka peamine põhjus kasumi ja ärimahtude oluliseks kasvuks. Danske
Capitali omandamine, ettevõtete ühendamine ja tulevikus ka fondide ühendamine
on kulgenud plaanipäraselt ja esialgsest ajakavast isegi mõneti kiiremini.
Varahalduse fondid on näidanud aasta algusest head tootlust. Nende
investeerimistaktika on aga jätkuvalt kohandatud kõrge riskiga keskkonnale, mis
peaks aitama kaitsta osakuomanike vara turgude järsu languse korral. Varahaldus
plaanib veel 2016. aasta sees hakata pakkuma II samba pensionikogujatele uut
võimalust investeerimiseks – aktiivse juhtimiseta nn indeksifondi.
Mokilizingase kasum oli II kvartalis 0,3 miljonit eurot, mis on samal tasemel
eelmise kvartali tulemusega. Aasta alguses muutunud regulatsioon
tarbimisfinantseerimise pakkujatele on piiranud uue müügi mahtu kogu Leedu
turul ja seetõttu on äriüksus mahtude plaanidest märgatavalt maas.
Kasumiplaanidest mahajäämust ei ole ehk soovitav tulemus on saavutatud
väiksemate ärimahtude ja väiksema kapitali kuluga.“
Kasumiaruanne, EURt II kv I kv 6 kuud 6 kuud
2016 2016 2016 2015
--------------------------------------------------------------------------------
Neto intressitulu 7 230 6 788 14 018 10 661
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Neto teenustasutulu 4 311 3 654 7 964 6 941
--------------------------------------------------------------------------------
Neto finantstulud 1 146 199 1 345 3 099
--------------------------------------------------------------------------------
Muud tegevustulud 127 -15 113 35
--------------------------------------------------------------------------------
Tulud kokku 12 814 10 626 23 439 20 736
--------------------------------------------------------------------------------
Personalikulu -3 504 -3 225 -6 729 -5 310
--------------------------------------------------------------------------------
Kontorikulud -375 -383 -758 -645
--------------------------------------------------------------------------------
IT kulud -423 -443 -866 -634
--------------------------------------------------------------------------------
Turunduskulud -754 -1 088 -1 842 -1 582
--------------------------------------------------------------------------------
Muud tegevuskulud -2 046 -1 688 -3 735 -2 945
--------------------------------------------------------------------------------
Kulud kokku -7 103 -6 828 -13 930 -11 115
--------------------------------------------------------------------------------
Ärikasum 5 711 3 798 9 510 9 621
--------------------------------------------------------------------------------
Kasum enne allahindlusi 5 711 3 798 9 510 9 621
--------------------------------------------------------------------------------
Laenude allahindlus -742 -255 -997 -760
--------------------------------------------------------------------------------
Tulumaksukulu -68 -77 -146 -736
--------------------------------------------------------------------------------
Kapitaliosaluse meetodil arvestatud 0 1 0 0
kahjum sidusettevõtetelt
--------------------------------------------------------------------------------
Aruandeperioodi puhaskasum jätkuvatelt 4 900 3 466 8 367 8 124
tegevustelt
--------------------------------------------------------------------------------
Kasum/-kahjum lõpetatud tegevustelt 0 0 0 0
--------------------------------------------------------------------------------
Puhaskasum 4 900 3 466 8 367 8 124
--------------------------------------------------------------------------------
Vähemusosaluse osa 346 447 793 425
--------------------------------------------------------------------------------
Bilanss, EURt Juuni 2016 Märts 2016 Juuni 2015
------------------------------------------------------------------
Raha ja raha ekvivalendid 236 395 249 012 127 076
------------------------------------------------------------------
Finantsvarad 103 936 98 698 141 267
------------------------------------------------------------------
Laenud klientidele 474 452 436 673 362 011
------------------------------------------------------------------
Laenude allahindlus -5 152 -4 842 -4 438
------------------------------------------------------------------
Nõuded klientide vastu 1 988 1 628 1 677
------------------------------------------------------------------
Muud varad 11 563 3 969 4 703
------------------------------------------------------------------
Varad kokku 823 181 785 139 632 296
------------------------------------------------------------------
Nõudmiseni hoiused 482 075 442 243 305 488
------------------------------------------------------------------
Tähtajalised hoiused 189 928 202 664 204 697
------------------------------------------------------------------
Saadud laenud 914 15 228 22 002
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Võlgnevused klientidele 672 918 660 135 532 187
------------------------------------------------------------------
Muud kohustused 23 521 16 608 17 133
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Allutatud laenud 30 900 30 900 16 650
------------------------------------------------------------------
Kohustused kokku 727 339 707 643 565 969
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Omakapital 95 842 77 496 66 327
------------------------------------------------------------------
sh vähemusosaluse osa 4 034 3 688 2 585
------------------------------------------------------------------
Kohustused ja omakapital kokku 823 181 785 139 632 296
------------------------------------------------------------------
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 üle
250 inimese ja LHV pangateenuseid kasutab üle 95 000 kliendi. LHV hallatavatel
pensionifondidel on rohkem kui 170 000 klienti.
Priit Rum
LHV kommunikatsioonijuht
Telefon: 502 0786
E-post: [email protected]
Teate sisu inglise keeles
Pealkiri
LHV Group's second quarter and 6 months unaudited financial results
Teade
LHV Group earned EUR 4.9 million of profits in Q2
AS LHV Group's consolidated profit for Q2 of 2016 amounted to EUR 4.9 million,
with the bank earning EUR 3.5 million, asset management EUR 1.6 million and the
Lithuanian business unit EUR 0.3 million. In addition to core business, profit
was fueled by the extraordinary revenue generated by the Bank in the amount of
EUR 0.9 million.
The Q2 profit constitutes a EUR 1.4 million increase from Q1, and a EUR 1.9
million increase from Q2 2015. LHV Group's return on equity was 22% in Q2.
During the second quarter the group's consolidated loan portfolio grew by EUR
37 million (+9%; + EUR 22 million in Q1) reaching EUR 465 million and
consolidated deposits grew by EUR 27 million (+ 4%; + EUR 28 million in Q1) to
EUR 682 million. The volume of funds managed by LHV grew by EUR 294 million
(+49%; + EUR 27 million in Q1) in the quarter reaching 891 million, this
includes the transaction which was completed during the second quarter and
under which LHV Asset Management acquired 100% of the shares of AS Danske
Capital.
AS LHV Group posted a consolidated profit of EUR 8.4 million for the first half
year of 2016. The bank earned a profit of EUR 6.4 million, asset management EUR
2.2 million and the Lithuanian business unit EUR 0.6 million. The half year
profit constitutes an EUR 0.2 million increase from last year (Q1 2015 included
extraordinary revenue from disposal of business operations in Finland).
Erkki Raasuke, CEO of AS LHV Group said that the first half year was successful
for LHV:
„One milestone of the past quarter was our IPO when on May 23, the shares of AS
LHV Group were admitted for trading on the NASDAQ Tallinn Stock Exchange.
Public trading is not the finale - it is the overture to further growth and
development. In order to support LHV's growth, we engaged a total of EUR 13.9
million from our investors, issuing two million new shares. By the end of the
first day of trading LHV's market value stood at EUR 180 million.
The Bank's strong first half-year relied on interest income from loan products
and stable credit quality. New customer flows have remained strong, with the
Bank gaining 2500-3000 new retail customers with each passing month. The number
of the Bank’s customers has grown over 96,000. It is worth mentioning that we
can clearly sense the effect of current interest rates environment and notice
how the liquidity buffer held by the Bank is becoming increasingly costlier.
The Bank earned EUR 0.9 million in extraordinary revenue from the transaction,
under which Visa Inc (USA) made a takeover bid for the acquisition of Visa
Europe. Similarly to a range of other European banks, LHV Bank held a small
quantity of Visa Europe's shares.
Asset Management posted a profit that exceeds the result for the previous
quarter by EUR 1.0 million. Since May the Asset Management group incorporates
the business operations of Danske Capital. This is also the principal reason
behind the significant growth in profit and business volumes. The acquisition
of Danske Capital, the merger of the companies and the future merger of the
funds has proceeded as planned, somewhat faster than initially expected.
The 2nd-pillar funds managed by Asset Management have shown good yields from
the beginning of the year. The investment tactics focus on a high-risk
environment, aimed at protecting the pension customers' assets against a sudden
market decline. Asset Management is planning to start offering a new investment
option to 2nd-pillar pension customers before the end of 2016 – the so-called
index fund without active management.
Mokilizingas posted a profit of EUR 0.3 million in Q2, remaining on par with
last quarter's result. The amendments of the consumer financing regulations,
which entered into force at the beginning of the year, have established
restrictions with regard to the volume of new sales on the entire Lithuanian
market and this means that our Lithuanian business unit has fallen behind our
volume estimates. On the other hand the unit has not fallen behind our profit
estimates, i.e. we have achieved the desired result through lower business
volumes and cost of capital.“
Income statement, EURt Q2-201 Q1-201 6 months 6 months
6 6 2016 2015
--------------------------------------------------------------------------------
Net interest income 7 230 6 788 14 018 10 661
--------------------------------------------------------------------------------
Net fee and commission income 4 311 3 654 7 964 6 941
--------------------------------------------------------------------------------
Net gains from financial assets 1 146 199 1 345 3 099
--------------------------------------------------------------------------------
Other income 127 -15 113 35
--------------------------------------------------------------------------------
Total revenue 12 814 10 626 23 439 20 736
--------------------------------------------------------------------------------
Staff costs -3 504 -3 225 -6 729 -5 310
--------------------------------------------------------------------------------
Office rent and expenses -375 -383 -758 -645
--------------------------------------------------------------------------------
IT expenses -423 -443 -866 -634
--------------------------------------------------------------------------------
Marketing expenses -754 -1 088 -1 842 -1 582
--------------------------------------------------------------------------------
Other operating expenses -2 046 -1 688 -3 735 -2 945
--------------------------------------------------------------------------------
Total operating expenses -7 103 -6 828 -13 930 -11 115
--------------------------------------------------------------------------------
EBIT 5 711 3 798 9 510 9 621
--------------------------------------------------------------------------------
Earnings before impairment losses 5 711 3 798 9 510 9 621
--------------------------------------------------------------------------------
Impairment losses on loans and advances -742 -255 -997 -760
--------------------------------------------------------------------------------
Income tax -68 -77 -146 -736
--------------------------------------------------------------------------------
Loss from associates accounted for using 0 1 0 0
the equity method
--------------------------------------------------------------------------------
Net profit for the reporting period from 4 900 3 466 8 367 8 124
continued operations
--------------------------------------------------------------------------------
Profit/-loss from discontinued 0 0 0 0
operations
--------------------------------------------------------------------------------
Net profit 4 900 3 466 8 367 8 124
--------------------------------------------------------------------------------
Profit attributable to non-controlling 346 447 793 425
interest
--------------------------------------------------------------------------------
Balance sheet, EURt June 2016 March 2016 June 2015
----------------------------------------------------------------------------
Cash and cash equivalents 236 395 249 012 127 076
----------------------------------------------------------------------------
Financial assets 103 936 98 698 141 267
----------------------------------------------------------------------------
Loans granted 474 452 436 673 362 011
----------------------------------------------------------------------------
Loan impairments -5 152 -4 842 -4 438
----------------------------------------------------------------------------
Receivables from customers 1 988 1 628 1 677
----------------------------------------------------------------------------
Other assets 11 563 3 969 4 703
----------------------------------------------------------------------------
Total assets 823 181 785 139 632 296
----------------------------------------------------------------------------
Demand deposits 482 075 442 243 305 488
----------------------------------------------------------------------------
Term deposits 189 928 202 664 204 697
----------------------------------------------------------------------------
Loans received 914 15 228 22 002
----------------------------------------------------------------------------
Loans received and deposits from customers 672 918 660 135 532 187
----------------------------------------------------------------------------
Other liabilities 23 521 16 608 17 133
----------------------------------------------------------------------------
Subordinated loans 30 900 30 900 16 650
----------------------------------------------------------------------------
Total liabilities 727 339 707 643 565 969
----------------------------------------------------------------------------
Equity 95 842 77 496 66 327
----------------------------------------------------------------------------
Minority interest 4 034 3 688 2 585
----------------------------------------------------------------------------
Total liabilities and equity 823 181 785 139 632 296
----------------------------------------------------------------------------
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 over 250 people and over 95,000 customers use LHV’s banking
services. Pension funds managed by LHV have over 170,000 customers.
Priit Rum
Communication Manager
Phone: +372 502 0786
Email: [email protected]