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
6612
Manused
Esitamise kuupäev ja aeg
24.04.2018 08:00:00
Teate sisu eesti keeles
Pealkiri
LHV Groupi 2018. aasta I kvartali auditeerimata majandustulemused
Teade
2018. aasta esimese kolme kuuga teenis AS LHV Group 4,3 miljonit eurot puhaskasumit: pank teenis 3,6 miljonit eurot, varahaldus 0,7 miljonit eurot ja Leedu äriüksus Mokilizingas 0,2 miljonit eurot kasumit. LHV Group maksis I kvartalis tulumaksu summas 2,0 miljonit eurot. LHV Groupi omakapitali tootlus oli esimeses kvartalis 12,4%. Konsolideerimisgrupi kasum oli 2,5 miljoni euro võrra väiksem kui 2017. aasta IV kvartalis ja 0,8 miljoni euro võrra väiksem kui aasta tagasi, 2017. aasta I kvartalis. Grupi konsolideeritud laenuportfell kasvas aasta esimese kolme kuuga 34 miljoni euro võrra (+5%; +77 miljonit eurot IV kvartalis) 766 miljoni euroni. Konsolideeritud hoiused kasvasid 188 miljonit eurot (+12%; +269 miljonit eurot IV kvartalis) 1725 miljoni euroni. Selle hulgas kasvasid maksevahendajatega seotud hoiused 126 miljoni euro võrra. LHV poolt juhitud fondide koondmaht kasvas kvartaliga 24 miljoni euro võrra (+2%; +35 miljonit eurot IV kvartalis), ulatudes 1127 miljoni euroni. LHV Groupi juhataja Madis Toomsalu kommentaar: "Esimeses kvartalis on jätkunud möödunud aastast ülekanduvad trendid. LHV tugevaid alustrende on toetamas ka Eesti majanduskeskkond. Majanduskasv on hoogustunud, siseriiklikke riske maandavad tasakaalus eelarve, avaliku sektori madal võlatase ning positiivne välistasakaal. Peamiste riskidena saab välja tuua kinnisvarasektori kõrge arendusmahu. Krediiditurg on püsinud tugevana. Peame tugevaks tulemuseks, et LHV klientide arv suureneb - panga klientide arv kasvas kvartaliga 6000 võrra ning aktiivsete pensioniklientide arv 1200 võrra. Uuringufirma Dive uuringust saime kinnituse, et LHV teeninduse kvaliteet on väga heal tasemel ning ajakiri Euromoney valis LHV privaatpanganduse Eesti parimaks. Uutest toodetest tulime turule Tervise- ja ilulaenuga ning Sisustuslaenuga. Aitasime turule tuua Telia poolt arendatud mTasku. I kvartalis avasime LHV panga Ühendkuningriigi filiaali. Londoni filiaali eesmärk on panga finantsvahendajate ärisuuna arendamine. Märtsis teavitasime uue Eestisse investeeriva II samba pensionifondi loomisest. Sobivate investeeringute korral paigutab fond kuni 100% varadest Eestisse, investeerides aktiivselt nii aktsiatesse, võlakirjadesse, kinnisvarasse kui ka teistesse fondidesse. Grupi 2018. aasta I kvartali konsolideeritud kasumit summas 4,3 miljonit eurot mõjutas tulumaks summas 2,0 miljonit eurot ning IFRS standardi kasutusevõtmisest tingitud mudelipõhiste allahindluste suurenemine. LHV Varahalduse dividendimaksega LHV Groupile kaasnes tulumaksukulu 1,1 miljonit eurot ning LHV Panga dividendimaksega kaasnev tulumaksukulu ulatus 0,8 miljoni euroni. Veebruaris avalikustasime esmakordselt lisaks käesoleva aasta finantsplaanile ka pikaajalise viieaastase finantsprognoosi. LHV on jätkuvalt kiiresti kasvav ettevõte, mille toetamiseks suurendasime veebruaris kontsernisiseselt LHV Panga aktsiakapitali 10 miljoni euro võrra. Panga kasum konsolideeritud tasemel oli I kvartalis 3,6 miljonit eurot. Seejuures iseloomustas esimest kvartalit jätkuv klientide aktiivsus ning laenude ja hoiuste kasv. Panga klientide koguarv lähenes 140 000-le. Panga laenuportfell kasvas I kvartalis 34 miljoni euro võrra. I kvartali laenude allahindluse kulu kasv 0,9 miljoni euroni on olulises osas seotud IFRS 9-le üleminekuga 2018. aasta alguses. Varahalduse kasum oli esimeses kvartalis 0,7 miljonit eurot, olles mõjutatud dividendide maksmisega kaasnenud tulumaksukulust. Leedu äriüksuse Mokilizingase kasum oli esimeses kvartalis 0,2 miljonit eurot, mis on 1,1 miljonit vähem kui 2017. aasta IV kvartalis. Laenuportfell suurenes kvartaliga 10 miljonit eurot 60 miljoni euroni. Portfelli krediidikvaliteet püsib stabiilsena. Esimese kvartali lõpus avalikustasime AS-i Inbank poolt tehtud pakkumise "UAB Mokilizingas" osade omandamiseks. Tänaseks oleme pakkumise vastu võtnud. LHV-le kuuluvate aktsiate väärtuseks on 7,5 miljonit eurot. Osaluse müügiga teenib AS LHV Group 3 miljonit eurot erakorralist kasumit, mistõttu kavatseme üle vaadata 2018. aasta finantsplaani. Uuendatud finantsplaani avalikustame 17. mail." Kasumiaruanne, EURt I kv 2018 IV kv 2017 I kv 2017 ------------------------------------------------------------------------------- Neto intressitulu 10 195 9 868 8 164 ------------------------------------------------------------------------------- Neto teenustasutulu 6 232 5 987 5 285 ------------------------------------------------------------------------------- Neto finantstulud -87 -421 396 ------------------------------------------------------------------------------- Muud tegevustulud -4 5 -23 ------------------------------------------------------------------------------- Tulud kokku 16 337 15 439 13 822 ------------------------------------------------------------------------------- Personalikulu -4 142 -3 945 -3 590 ------------------------------------------------------------------------------- Kontorikulud -494 -499 -437 ------------------------------------------------------------------------------- IT kulud -552 -570 -416 ------------------------------------------------------------------------------- Turunduskulud -890 -1 356 -1 107 ------------------------------------------------------------------------------- Muud tegevuskulud -2 802 -2 117 -2 145 ------------------------------------------------------------------------------- Kulud kokku -8 880 -8 486 -7 695 ------------------------------------------------------------------------------- Ärikasum 7 457 6 953 6 127 ------------------------------------------------------------------------------- Kasum enne allahindlusi 7 457 6 953 6 127 ------------------------------------------------------------------------------- Laenude allahindlus -1 186 40 -94 ------------------------------------------------------------------------------- Tulumaksukulu -2 014 -201 -983 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum jätkuvatelt tegevustelt 4 256 6 791 5 050 ------------------------------------------------------------------------------- Kasum/-kahjum lõpetatud tegevustelt 0 0 0 ------------------------------------------------------------------------------- Puhaskasum 4 256 6 791 5 050 ------------------------------------------------------------------------------- Vähemusosaluse osa 306 1 107 581 ------------------------------------------------------------------------------- Emaettevõtte aktsionäride osa kasumist 3 951 5 684 4 469 ------------------------------------------------------------------------------- Bilanss, EURt märts.18 dets.17 märts.17 -------------------------------------------------------------------- Raha ja raha ekvivalendid 1 071 822 961 212 348 474 -------------------------------------------------------------------- Finantsvarad 57 091 56 634 68 609 -------------------------------------------------------------------- Laenud klientidele 774 760 740 169 551 233 -------------------------------------------------------------------- Laenude allahindlus -9 111 -8 125 -5 571 -------------------------------------------------------------------- Nõuded klientide vastu 12 250 9 802 2 587 -------------------------------------------------------------------- Muud varad 24 028 13 165 11 952 -------------------------------------------------------------------- Varad kokku 1 930 839 1 772 856 977 284 -------------------------------------------------------------------- Nõudmiseni hoiused 1 598 606 1 409 662 668 350 -------------------------------------------------------------------- Tähtajalised hoiused 126 749 127 267 129 863 -------------------------------------------------------------------- Saadud laenud 6 018 6 000 90 -------------------------------------------------------------------- Võlgnevused klientidele 1 731 373 1 542 929 798 303 -------------------------------------------------------------------- Muud kohustused 26 796 71 073 35 081 -------------------------------------------------------------------- Allutatud laenud 30 900 30 900 30 900 -------------------------------------------------------------------- Kohustused kokku 1 789 069 1 644 902 864 284 -------------------------------------------------------------------- Omakapital 141 770 127 955 113 000 -------------------------------------------------------------------- sh vähemusosaluse osa 7 027 7 894 5 900 -------------------------------------------------------------------- Kohustused ja omakapital kokku 1 930 839 1 772 856 977 284 -------------------------------------------------------------------- AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/et/aruanded. LHV Group korraldab I kvartali majandustulemuste tutvustamiseks investorkohtumise, mis leiab aset 24. aprillil algusega kell 18 LHV Tallinna kliendikontoris (Tartu mnt 2, I korrus). Osalemiseks palume registreeruda aadressil https://fp.lhv.ee/academy/503. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab ligi 380 inimest ja LHV pangateenuseid kasutab 140 000 klienti. LHV hallatavatel pensionifondidel on üle 178 000 aktiivse kliendi. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected]) Manused * LHV Group vahearuanne 2018-Q1 (https://prlibrary- eu.nasdaq.com/Resource/Download/67012f7b-3b56-40c0-8ac0-5ca1a01596a3) * LHV Group 2018-Q1 Investoresitlus EST (https://prlibrary- eu.nasdaq.com/Resource/Download/a520ce29-7493-46fb-bdeb-ffe9c87425ca) * Faktiraamat EST 2018-Q1 (https://prlibrary- eu.nasdaq.com/Resource/Download/144a0086-9536-4453-a5ba-35e085ecdab3)
Teate sisu inglise keeles
Pealkiri
LHV Group’s 2018 First Quarter Unaudited Financial Results
Teade
The first three months of 2018 brought AS LHV Group a net profit of EUR 4.3 million, with the bank posting a profit of EUR 3.6 million, asset management EUR 0.7 million and Lithuanian business unit Mokilizingas EUR 0.2 million. In Q1, LHV Group paid income tax amounting to EUR 2.0 million. LHV Group's return on equity was 12.4% in Q1. The profit of the consolidation group was EUR 2.5 million lower than in Q4 of 2017 and EUR 0.8 million less than a year ago, Q1 of 2017. In the first three months of this year the group's consolidated loan portfolio grew by EUR 34 million (+12%; +EUR 269 million in Q4) and reached EUR 766 million. The consolidated deposits grew by EUR 188 million (+3%; +EUR 36 million in Q4) reaching EUR 1,725 million. Among this the deposits of financial intermediaries grew by EUR 126 million. During the quarter the volume of funds managed by LHV rose by EUR 24 million (+2%; EUR 35 million in Q4) and reached EUR 1,127 million. Comments by Madis Toomsalu, CEO of LHV Group: "In the first quarter, the trends seen last year have continued. LHV's solid fundamentals are supported by the Estonian economic environment. Economic growth has accelerated and domestic risks are offset by a balanced budget, low government debt, and a positive balance of trade. The main risk is the high development volume in the real estate sector. The credit market remains strong. We consider it a strong result that the number of customers is growing: the bank's customer number increased by 6,000 during the quarter and the number of active pension clients by 1,200. A study conducted by Dive affirmed that the quality of LHV's service is very high and Euromoney magazine named LHV's private banking service the best in Estonia. As to new products, we introduced two new loans: a Health and Beauty Loan and a Home Furnishing Loan. We helped with the market launch of mTasku, a payment solution developed by Telia. Q1 included the opening of LHV Bank's United Kingdom branch. The objective of the branch is developing financial intermediaries business line. In March, we announced the establishment of a new Pillar 2 pension fund that invests into Estonia. Provided suitable investments exist, the fund will actively invest up to 100% of its assets into Estonian stocks, bonds, real estate and other funds. The group's consolidated Q1 profit of EUR 4.3 million was influenced by income tax amounting to EUR 2.0 million and greater impairments occasioned by the adoption of the IFRS standard's impairment model. The payment of dividends by LHV Varahaldus to LHV Group incurred income tax expense of EUR 1.1 million and the income tax expense on the LHV Bank dividend amounted to EUR 0.8 million. In February, for the first time, we released a long-term, five-year financial forecast in addition to this year's financial plan. LHV continues to be a rapidly growing company, and to support the growth, we increased LHV Bank's share capital by EUR 10 million within the group. The bank's consolidated profit was EUR 3.6 million in Q1. The first quarter was characterized by the fact that customers remained highly active and growth in loans and deposits. The total number of the bank's customers approached 140,000. The bank's loan portfolio grew by EUR 34 million in Q1. The increase in Q1 loan impairment costs to EUR 0.9 million is largely related to the changeover to IFRS 9 in early 2018. The profit of LHV Varahaldus was EUR 0.7 million in Q1, being influenced by the income tax expense on payment of dividends. The Lithuanian business unit Mokilizingas posted a profit of EUR 0.2 million in Q1, which is EUR 1.1 million less than in the last quarter of 2017. The net loan portfolio increased by EUR 10 million during the quarter, standing at EUR 60 million by the end of the quarter. The portfolio's credit quality remains stable. Late in the first quarter, we disclosed an offer made by AS Inbank to acquire the shares in "UAB Mokilizingas". By now we have accepted this offer. The value of the shares held by LHV amount to EUR 7.5 million. The sale of our share will earn AS LHV Group an extraordinary profit of EUR 3 million, thus we plan to review our Financial plan for 2018. We will disclose the renewed Financial plan on 17 May." Income statement, EUR t Q1-2018 Q4-2017 Q1-2017 ------------------------------------------------------------------------------- Net interest income 10 195 9 868 8 164 ------------------------------------------------------------------------------- Net fee and commission income 6 232 5 987 5 285 ------------------------------------------------------------------------------- Net gains from financial assets -87 -421 396 ------------------------------------------------------------------------------- Other income -4 5 -23 ------------------------------------------------------------------------------- Total revenue 16 337 15 439 13 822 ------------------------------------------------------------------------------- Staff costs -4 142 -3 945 -3 590 ------------------------------------------------------------------------------- Office rent and expenses -494 -499 -437 ------------------------------------------------------------------------------- IT expenses -552 -570 -416 ------------------------------------------------------------------------------- Marketing expenses -890 -1 356 -1 107 ------------------------------------------------------------------------------- Other operating expenses -2 802 -2 117 -2 145 ------------------------------------------------------------------------------- Total operating expenses -8 880 -8 486 -7 695 ------------------------------------------------------------------------------- EBIT 7 457 6 953 6 127 ------------------------------------------------------------------------------- Earnings before impairment losses 7 457 6 953 6 127 ------------------------------------------------------------------------------- Impairment losses on loans and advances -1 186 40 -94 ------------------------------------------------------------------------------- Income tax -2 014 -201 -983 ------------------------------------------------------------------------------- Net profit for the reporting period from continued operations 4 256 6 791 5 050 ------------------------------------------------------------------------------- Profit/-loss from discontinued operations 0 0 0 ------------------------------------------------------------------------------- Net profit 4 256 6 791 5 050 ------------------------------------------------------------------------------- Profit attributable to non-controlling interest 306 1 107 581 ------------------------------------------------------------------------------- Profit attributable to share holders of the parent 3 951 5 684 4 469 ------------------------------------------------------------------------------- ? Balance sheet, EURt March 2018 December 2017 March 2017 ------------------------------------------------------------------------------- Cash and cash equivalents 1 071 822 961 212 348 474 ------------------------------------------------------------------------------- Financial assets 57 091 56 634 68 609 ------------------------------------------------------------------------------- Loans granted 774 760 740 169 551 233 ------------------------------------------------------------------------------- Loan impairments -9 111 -8 125 -5 571 ------------------------------------------------------------------------------- Receivables from customers 12 250 9 802 2 587 ------------------------------------------------------------------------------- Other assets 24 028 13 165 11 952 ------------------------------------------------------------------------------- Total assets 1 930 839 1 772 856 977 284 ------------------------------------------------------------------------------- Demand deposits 1 598 606 1 409 662 668 350 ------------------------------------------------------------------------------- Term deposits 126 749 127 267 129 863 ------------------------------------------------------------------------------- Loans received 6 018 6 000 90 ------------------------------------------------------------------------------- Loans received and deposits from customers 1 731 373 1 542 929 798 303 ------------------------------------------------------------------------------- Other liabilities 26 796 71 073 35 081 ------------------------------------------------------------------------------- Subordinated loans 30 900 30 900 30 900 ------------------------------------------------------------------------------- Total liabilities 1 789 069 1 644 902 864 284 ------------------------------------------------------------------------------- Equity 141 770 127 955 113 000 ------------------------------------------------------------------------------- Minority interest 7 027 7 894 5 900 ------------------------------------------------------------------------------- Total liabilities and equity 1 930 839 1 772 856 977 284 ------------------------------------------------------------------------------- Reports of AS LHV Group are available at https://investor.lhv.ee/en/reports. To present the results in Q1 interim report LHV will hold an investor meeting, that will take place on 24 April 6.00 p.m in LHV Tallinn client office (Tartu mnt 2, CityPlaza building, 1st floor). The presentation will be made in Estonian. All participants please register at https://fp.lhv.ee/academy/503. 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 380 people and 140,000 customers use LHV's banking services. Pension funds managed by LHV have over 178,000 active customers. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] Attachments * LHV Group Interim Report 2018-Q1 (https://prlibrary- eu.nasdaq.com/Resource/Download/dea38259-8431-45c4-9cfd-4cbf573d2ba5) * LHV Group 2018-Q1 Investor Presentation ENG (https://prlibrary- eu.nasdaq.com/Resource/Download/fe90c609-9f7b-410e-8f93-9b7f2a865130) * Factbook ENG 2018-Q1 (https://prlibrary- eu.nasdaq.com/Resource/Download/e87eb30a-2bb5-4b49-a8f1-d167a29ffcfd)