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
5737
Manused
Esitamise kuupäev ja aeg
25.10.2016 08:00:00
Teate sisu eesti keeles
Pealkiri
LHV Groupi 2016. aasta III kvartali ja 9 kuu auditeerimata majandustulemused
Teade
LHV kvartalikasum kasvas 5,8 miljoni euroni
AS LHV Group teenis 2016. aasta kolmandas kvartalis 5,8 miljonit eurot
konsolideeritud kasumit: panga kasum oli sellest 3,7 miljonit, varahalduse
kasum 2,2 miljonit ja Leedu äriüksuse kasum 0,2 miljonit eurot.
Grupi kolmanda kvartali kasum oli 0,9 miljoni euro võrra suurem kui teises
kvartalis ja 2,4 miljonit eurot suurem kui III kvartalis aasta tagasi. LHV
omakapitali tootlus oli kolmandas kvartalis 22,6%.
LHV Groupi konsolideeritud laenud kasvasid kvartaliga 9 miljonit eurot (+2%;
+38 miljonit eurot II kvartalis) 478 miljoni euroni ja konsolideeritud hoiused
kasvasid 69 miljonit eurot (+10%; +27 miljonit eurot II kvartalis) 741 miljoni
euroni. LHV poolt juhitud fondide maht kasvas kvartaliga 46 miljoni euro võrra
(+5%; 294 miljonit eurot II kvartalis) 937 miljoni euroni.
2016. aasta esimese üheksa kuuga on LHV teeninud 14,2 miljonit eurot kasumit,
mis on 2,6 miljonit eurot rohkem kui aasta varem (2015. aasta I kvartal
sisaldas Soome äri müügi erakorralist tulu). Pank on teeninud üheksa kuuga 10,1
miljonit eurot kasumit, varahaldus 4,3 miljonit eurot ja Leedu äriüksus 0,8
miljonit eurot. LHV aktsionäridele kuuluva omakapitali tootlus on olnud esimese
üheksa kuu jooksul 20,6%.
AS-i LHV Group juhataja Erkki Raasuke selgitas, et ettevõttel on sees hea hoog
ning nii panga kui ka varahalduse tulemused on finantsplaanist ees:
„LHV-l õnnestus kolmas kvartal väga hästi. Kasumit toetas klientide kõrge
aktiivsus, tugev krediidikvaliteet ja lisandunud tulud seoses Danske Capitali
omandamisega.
Panga väga hea hoog on jätkunud juba üle aasta. Kvartaliga kasvas uute
klientide hulk 8400 võrra ja pangaklientide koguarv ületas 100 000 piiri.
Panga laenuportfellis kasvasid kolmandas kvartalis enim eraisikutele antud
laenud. Ettevõtete laene väljastati aktiivselt, kuid seoses kinnisvaraarenduste
hooajalise valmimisega toimus kvartali jooksul ka laenude tagastamine suuremas
mahus. Krediidikvaliteet on püsinud tugevana ja laenude allahindluse kulu
võrreldes eelmise kvartaliga vähenes.
Klientide hoiustest kasvasid kiiresti nõudmiseni hoiused (+96 miljonit eurot),
samal ajal kui tähtajalised hoiused vähenesid (-25 miljonit eurot) viimase viie
aasta madalaimale tasemele. LHV Panga hoiuste struktuur on viie aasta jooksul
mastaapselt muutunud nõudmiseni hoiuste kasuks. Tänu hoiuste kulu langusele on
LHV seesmise raha hinna osas sama konkurentsivõimeline kui teised Eestis
teenuseid pakkuvad pangad.
Varahalduse kasumi kiirema kasvu tõi kaasa Danske Capitali omandamine ja
ärimahtude kasv. Varahalduse meeskond on teinud väga head tööd kahe äri
integreerimisel. Ettevõtete ühendamine jõustus juuli lõpus ja järgmiseks tuleb
ühendada sarnaste riskiprofiilidega fondid. Ühinemisjärgne tugev teenustasutulu
jätkub aasta lõpuni. Veebruarist jõuab suurenenud ärimahtude mõju klientideni,
kui pensionifondidele rakenduvad madalamad haldustasumäärad. See vähendab
oluliselt varahalduse tulusid. II pensionisamba aktiivsete klientide arv kasvas
III kvartalis 177 000 pensionikogujani.
Mokilizingase kasum oli III kvartalis 0,1 miljonit eurot madalam kui eelmises
kvartalis, kuid muutunud regulatsiooni tõttu aeglustunud krediiditoodete müük
on Leedus taas kiirenemas. Aasta alguses seatud eesmärkidest jääb Leedu
äriüksus maha, kuid kapitali tootlus ei ole kannatanud. III kvartalis alustas
Mokilizingas klientidele ka uue krediitkaardi pakkumist. Finantseerimisportfell
kasvas kvartali lõpuks 38 miljoni euroni ning selle krediidikvaliteet püsib
tugevana.
LHV väljavaated järgnevateks kuudeks on head. Stabiilne krediidikvaliteet,
lisanduvad uued kliendid ja head fondide tootlused lubavad oodata senise hoo
jätkumist. Loodame lõpetada börsiettevõttena esimese finantsaasta tugevate
tulemustega ja kinnitada, et heale tööle on alati nõudlust ja ruumi.“
Kasumiaruanne, EURt III kv II kv 9 kuud 9 kuud
2016 2016 2016 2015
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Neto intressitulu 7 696 7 230 21 714 16 863
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Neto teenustasutulu 5 375 4 311 13 339 10 863
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Neto finantstulud 449 1 146 1 794 242
--------------------------------------------------------------------------------
Muud tegevustulud -17 127 95 36
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Tulud kokku 13 503 12 814 36 942 28 004
--------------------------------------------------------------------------------
Personalikulu -3 048 -3 504 -9 777 -7 963
--------------------------------------------------------------------------------
Kontorikulud -120 -375 -404 -315
--------------------------------------------------------------------------------
IT kulud -429 -423 -1 302 -1 001
--------------------------------------------------------------------------------
Turunduskulud -1 315 -754 -3 174 -2 773
--------------------------------------------------------------------------------
Muud tegevuskulud -2 244 -2 046 -6 429 -5 067
--------------------------------------------------------------------------------
Kulud kokku -7 156 -7 103 -21 086 -17 119
--------------------------------------------------------------------------------
Ärikasum 6 347 5 711 15 856 10 885
--------------------------------------------------------------------------------
Kasum enne allahindlusi 6 347 5 711 15 856 10 885
--------------------------------------------------------------------------------
Laenude allahindlus -500 -742 -1 497 -1 332
--------------------------------------------------------------------------------
Tulumaksukulu -55 -68 -201 -197
--------------------------------------------------------------------------------
Kapitaliosaluse meetodil arvestatud 0 0 1 2 183
kahjum sidusettevõtetelt
--------------------------------------------------------------------------------
Aruandeperioodi puhaskasum jätkuvatelt 5 792 4 900 14 159 11 539
tegevustelt
--------------------------------------------------------------------------------
Kasum/-kahjum lõpetatud tegevustelt 0 0 0 0
--------------------------------------------------------------------------------
Puhaskasum 5 792 4 900 14 159 11 539
--------------------------------------------------------------------------------
Vähemusosaluse osa 447 346 1 240 660
--------------------------------------------------------------------------------
Bilanss, EURt Sept. 2016 Juuni 2016 Sept. 2015
------------------------------------------------------------------
Raha ja raha ekvivalendid 315 315 236 395 133 802
------------------------------------------------------------------
Finantsvarad 77 681 103 936 165 658
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Laenud klientidele 483 596 474 452 401 136
------------------------------------------------------------------
Laenude allahindlus -5 297 -5 152 -4 851
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Nõuded klientide vastu 2 739 1 988 2 590
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Muud varad 11 852 11 563 4 640
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Varad kokku 885 886 823 181 702 975
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Nõudmiseni hoiused 578 405 482 075 389 279
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Tähtajalised hoiused 162 551 189 928 200 769
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Saadud laenud 832 914 15 679
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Võlgnevused klientidele 741 788 672 918 605 727
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Muud kohustused 11 372 23 521 10 740
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Allutatud laenud 30 900 30 900 16 650
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Kohustused kokku 784 060 727 339 633 117
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Omakapital 101 826 95 842 69 858
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sh vähemusosaluse osa 4 481 4 034 2 819
------------------------------------------------------------------
Kohustused ja omakapital kokku 885 886 823 181 702 975
------------------------------------------------------------------
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 100 000 kliendi. LHV hallatavatel
pensionifondidel on rohkem kui 175 000 klienti.
Priit Rum
LHV kommunikatsioonijuht
Telefon: 502 0786
E-post: [email protected]
Teate sisu inglise keeles
Pealkiri
LHV Group’s third quarter and 9 months unaudited financial results
Teade
LHV Group's quarterly profit rose to EUR 5.8 million
AS LHV Group earned a consolidated profit of EUR 5.8 million in Q3, with the
bank earning EUR 3.7 million, asset management EUR 2.2 million and the
Lithuanian business unit EUR 0.2 million.
The group's consolidated Q3 profit was EUR 0.9 million more than in Q2 and EUR
2.4 million more than in Q3 2015. LHV Group's return on equity was 22.6% in Q3.
The group's consolidated loan portfolio grew by EUR 9 million during the
quarter (+2%; +EUR 38 million in Q2) reaching EUR 478 million and consolidated
deposits by EUR 69 million (+10%; +EUR 27 million in Q2) to EUR 741 million.
The volume of funds managed by LHV grew by EUR 46 million (+5%; +EUR 294
million in Q2) and reached EUR 937 million.
In the first nine months of 2016, LHV posted a profit of EUR 14.2 million, i.e.
a EUR 2.6 million increase from last year (Q1 2015 included extraordinary
revenue from disposal of business operations in Finland). The bank has earned a
profit of EUR 10.1 million in nine months, asset management EUR 4.3 million and
the Lithuanian business unit EUR 0.8 million. The return on equity held by
LHV's shareholders amounts to 20.6% in the first nine months of 2016.
Erkki Raasuke, CEO of AS LHV Group explained that the company has a good
momentum and both the bank and asset management are ahead of their financial
targets.
„The third quarter was a successful one for LHV. Profit was fueled by
customers’ high activity level, strong credit quality and revenue generated
through the acquisition of Danske Capital.
The bank’s strong forward momentum has continued for over a year now. The bank
gained 8,400 customers during the quarter and the bank currently has over
100,000 customers.
The bank’s loan portfolio grew mainly due to increase in loans to individuals.
Corporate loans were issued actively but in connection with the seasonal
completion of real estate development projects, loan repayment also took place
at a higher volume. Credit quality has remained strong and loan impairment
costs decreased compared to the previous quarter.
Customers’ demand deposits grew fast (+EUR 96 million), while term deposits
shrank (-EUR 25 million) to the lowest volume they have been in the last five
years. The sea change in structure of deposits in the last five years has been
in favor of demand deposits. Thanks to the drop in average expense on deposits
LHV Bank in terms of cost of internal funds is just as competitive as other
banks providing service in Estonia.
The acquisition of Danske Capital and growth in business volumes were
responsible for the leap in asset management’s profit growth. The asset
management team has done good work to integrate the two businesses. The
companies’ merger took effect in late July and the process of merging funds
with similar risk profiles still lies ahead. The strong stream of revenue from
management fees will continue until the end of 2016. In February the scale
effect from the merger will be passed on to customers and the management fees
of 2nd pillar pension funds will drop. This will result in a significant
reduction of asset management’s revenue. The number of active 2nd pillar
pension customers grew to 177,000 in Q3.
Mokilizingas, Lithuanian business unit, posted a profit that was EUR 0.1
million less than in the last quarter, but after a slowdown in the sale of
credit products due to changes in regulations, this area is once again gaining
momentum. We will fall short of the targets we had set; however the return on
capital has not suffered. Mokilizingas started offering customers a new credit
card. The financing portfolio reached EUR 38 million at the end of the quarter
and the portfolio’s credit quality remains strong.
LHV’s outlook for the months ahead is good. Stable credit quality, new
customers, and good fund yields will allow the current momentum to be
sustained. We hope to close out our first financial year as a publicly listed
company with strong results and affirm that there is always demand and room for
good work.”
Income statement, EURt Q3-201 Q2-201 9 months 9 months
6 6 2016 2015
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Net interest income 7 696 7 230 21 714 16 863
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Net fee and commission income 5 375 4 311 13 339 10 863
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Net gains from financial assets 449 1 146 1 794 242
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Other income -17 127 95 36
--------------------------------------------------------------------------------
Total revenue 13 503 12 814 36 942 28 004
--------------------------------------------------------------------------------
Staff costs -3 048 -3 504 -9 777 -7 963
--------------------------------------------------------------------------------
Office rent and expenses -120 -375 -404 -315
--------------------------------------------------------------------------------
IT expenses -429 -423 -1 302 -1 001
--------------------------------------------------------------------------------
Marketing expenses -1 315 -754 -3 174 -2 773
--------------------------------------------------------------------------------
Other operating expenses -2 244 -2 046 -6 429 -5 067
--------------------------------------------------------------------------------
Total operating expenses -7 156 -7 103 -21 086 -17 119
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EBIT 6 347 5 711 15 856 10 885
--------------------------------------------------------------------------------
Earnings before impairment losses 6 347 5 711 15 856 10 885
--------------------------------------------------------------------------------
Impairment losses on loans and advances -500 -742 -1 497 -1 332
--------------------------------------------------------------------------------
Income tax -55 -68 -201 -197
--------------------------------------------------------------------------------
Loss from associates accounted for using 0 0 1 2 183
the equity method
--------------------------------------------------------------------------------
Net profit for the reporting period from 5 792 4 900 14 159 11 539
continued operations
--------------------------------------------------------------------------------
Profit/-loss from discontinued 0 0 0 0
operations
--------------------------------------------------------------------------------
Net profit 5 792 4 900 14 159 11 539
--------------------------------------------------------------------------------
Profit attributable to non-controlling 447 346 1 240 660
interest
--------------------------------------------------------------------------------
Balance sheet, EURt Sept 2016 June 2016 March 2015
----------------------------------------------------------------------------
Cash and cash equivalents 315 315 236 395 133 802
----------------------------------------------------------------------------
Financial assets 77 681 103 936 165 658
----------------------------------------------------------------------------
Loans granted 483 596 474 452 401 136
----------------------------------------------------------------------------
Loan impairments -5 297 -5 152 -4 851
----------------------------------------------------------------------------
Receivables from customers 2 739 1 988 2 590
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Other assets 11 852 11 563 4 640
----------------------------------------------------------------------------
Total assets 885 886 823 181 702 975
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Demand deposits 578 405 482 075 389 279
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Term deposits 162 551 189 928 200 769
----------------------------------------------------------------------------
Loans received 832 914 15 679
----------------------------------------------------------------------------
Loans received and deposits from customers 741 788 672 918 605 727
----------------------------------------------------------------------------
Other liabilities 11 372 23 521 10 740
----------------------------------------------------------------------------
Subordinated loans 30 900 30 900 16 650
----------------------------------------------------------------------------
Total liabilities 784 060 727 339 633 117
----------------------------------------------------------------------------
Equity 101 826 95 842 69 858
----------------------------------------------------------------------------
Minority interest 4 481 4 034 2 819
----------------------------------------------------------------------------
Total liabilities and equity 885 886 823 181 702 975
----------------------------------------------------------------------------
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 100,000 customers use LHV’s banking
services. Pension funds managed by LHV have over 175,000 customers.
Priit Rum
Communication Manager
Telephone: +372 502 0786
Email: [email protected]