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
7524
Manused
Esitamise kuupäev ja aeg
15.10.2019 08:00:00
Teate sisu eesti keeles
Pealkiri
LHV Groupi 2019. aasta III kvartali ja 9 kuu auditeerimata majandustulemused
Teade
2019. aasta kolmandas kvartalis teenis AS LHV Group konsolideeritult kokku 8,0 miljonit eurot puhaskasumit. AS LHV Pank teenis puhaskasumit 6,4 miljonit eurot ja AS LHV Varahaldus 1,9 miljonit eurot. LHV Groupi omakapitali tootlus oli kolmandas kvartalis 16,4%. Võrreldes II kvartaliga kasvas konsolideerimisgrupi kasum 0,3 miljoni euro võrra. Võrreldes 2018. aasta III kvartaliga kasvas puhaskasum 1,8 miljonit eurot. Grupi kasumit mõjutas III kvartalis tulumaksukulu 0,7 miljonit eurot, tehtud allahindlused olid nullilähedased. LHV Groupi varade maht kasvas kvartaliga poole miljardi euro võrra 2,9 miljardi euroni. Grupi konsolideeritud laenuportfell suurenes kvartaliga 104 miljoni euro võrra 1222 miljoni euroni (+9%; +127 miljonit eurot II kvartalis). Konsolideeritud hoiused kasvasid 451 miljoni euro võrra 2535 euroni (+22%; +516 miljonit eurot II kvartalis). Seejuures kasvasid maksevahendajatega seotud hoiused 184 miljoni euro võrra. LHV poolt juhitud fondide koondmaht suurenes III kvartalis 34 miljonit eurot ja jõudis 1328 miljoni euroni (+3%; +36 miljonit eurot II kvartalis). AS-i LHV Group 2019. aasta 9 kuu konsolideeritud puhaskasum oli 20,7 miljonit eurot. Üheksa kuu kasum on 0,2 miljonit eurot suurem kui eelmisel aastal samal ajal, mil kasumis sisaldus ka ühekordne tulu Leedu äriüksuse müügist. AS LHV Pank teenis 9 kuuga puhaskasumit 16,4 miljonit eurot ja AS LHV Varahaldus 5,2 miljonit eurot. Madis Toomsalu, LHV Groupi juhataja kommentaar tulemustele: "Tegusate suvekuude tulemusena oli LHV kolmas kvartal tugev ja sündmusterohke. Oleme kaasanud investoritelt viimase nelja kuu jooksul 65 miljoni euro ulatuses kapitali ning kasvatanud oluliselt ärimahte. Töötame igapäevaselt, et pakkuda klientidele parimat, kiireimat, efektiivseimat ja professionaalset teenindust. Seda tunnistab ka juulis saadud Eesti parima panga tiitel Euromoneylt. Koostöös Luminoriga kasvatasime LHV sularahaautomaatide võrku viis korda 125 automaadini üle Eesti. Pidevalt oleme uuendamas oma mobiilipanka. Suveperioodil tõime rakendusse rahaküsimise võimaluse ja uuele erakliendile konto avamise, samuti pangakaardi tellimise ja väärtpaberitesse investeerimise. Kvartalijärgselt lisasime laenude taotlemise võimaluse. Uusi pangakliente lisandus kvartaliga rekordiliselt 9600. Laenumahud kasvasid laiapõhjaliselt, hoiuste kasv oli suures osas seotud hoiuseplatvormide kaudu kaasatud hoiustega, mida kasutame Danske eralaenude portfelli soetamiseks. Ehkki Danske tehing toimub novembri lõpus, soovisime finantseerimise osas saavutada kindluse varem. Kiire ja mahuka hoiuste kaasamise eest on viimastel kuudel tekkinud suuremad intressikulud. Alates novembri viimasest nädalast lisanduv intressitulu teiseneb arvestatavas osas lisakasumiks. Tehinguga seotud hoiustekulu püsib kõrgemana järgmise aasta keskpaigani, mil soovime antud hoiused asendada pandikirjadega. Septembris jõustus regulatsioon, mille järgi kehtivad pensionifondide madalamad fikseeritud haldustasud, kuid fondide tugeva tootluse korral on võimalus teenida edukustasu. Selle aasta lõpuni ei ole me finantsplaanis edukustasuga arvestanud, mis tähendab Varahalduse kuiste kasumite vähenemist suurusjärgus 400 tuhat eurot. Sel aastal oleme aktiivselt oma äri kasvatanud ning lisandunud on erinevaid mõjusid, sestap avaldasime uuendatud finantsplaani. Tugevalt suurendasime ootusi laenumahtude osas, mida võrreldes senise prognoosiga suurendasime 2019. aasta lõpuks 570 miljoni euro ja 2023. aasta lõpuks 873 miljoni euro võrra. Hoiuseid suurendasime 2019. aasta lõpuks 742 miljoni euro ja 2023. aasta lõpuks 1,13 miljardi euro võrra. Uuendatud prognoosi järgi teenib LHV Group puhaskasumit käesoleval aastal 25,6 miljonit eurot. Kolmanda kvartali lõpus edestame kasumiprognoosi 1,6 miljoni euro võrra, plaanitust parem tulemus on saavutatud peamiselt madalamate laenude allahindluste ja suuremate viivistulude tõttu. Juulis avalikustatud kõrgemate prognooside täitmiseks ja Danske eralaenude portfelli soetamiseks viisime septembris lõpuni aktsiaemissiooni, kus märkimiste eesõiguse vormis pakkusime avalikult 2,2 miljonit uut aktsiat. Märkimisest võttis osa 3789 investorit, märkides pakutavaid aktsiaid kokku 32,4 miljoni euro eest. Kokku on LHV Groupil aktsionäre nüüd enam kui 6700. LHV kasvutrende on toetamas Eesti majanduskeskkond. Majanduskasv on olnud hea, sõltudes suuresti meid ümbritsevate riikide majandustest. Siseriiklikke riske maandavad tasakaalus eelarve, avaliku sektori madal võlatase ning positiivne välistasakaal, peamiseks pingeallikaks on tööjõu kättesaadavus. Ka krediiditurg on püsinud tugevana. Kasvamas on kõik peamised krediiditooted, sh ettevõtete laenud ja kodulaenud. Kodumajapidamiste finantstervis on pigem tugev, hoiuste ja laenude suhe on paranemas." Kasumiaruanne, EURt III kv 2019 II kv 2019 9 kuud 2019 9 kuud 2018 ------------------------------------------------------------------------------- Neto intressitulu 11 546 11 628 34 119 27 861 ------------------------------------------------------------------------------- Neto teenustasutulu 6 412 6 613 19 250 18 952 ------------------------------------------------------------------------------- Neto finantstulud 119 203 500 338 ------------------------------------------------------------------------------- Muud tegevustulud 33 16 26 768 ------------------------------------------------------------------------------- Tulud kokku 18 111 18 460 53 895 47 919 ------------------------------------------------------------------------------- Personalikulu -4 593 -4 883 -14 029 -11 463 ------------------------------------------------------------------------------- Kontorikulud -229 -225 -682 -1294 ------------------------------------------------------------------------------- IT kulud -641 -639 -1 909 -1572 ------------------------------------------------------------------------------- Turunduskulud -471 -467 -1 646 -1 424 ------------------------------------------------------------------------------- Muud tegevuskulud -3 465 -3 189 -9 641 -7 618 ------------------------------------------------------------------------------- Kulud kokku -9 399 -9 403 -27 908 -23 371 ------------------------------------------------------------------------------- Ärikasum 8 711 9 057 25 987 24 548 ------------------------------------------------------------------------------- Kasum enne allahindlusi 8 711 9 057 25 987 24 548 ------------------------------------------------------------------------------- Laenude allahindlus -15 -697 -1 663 -4 337 ------------------------------------------------------------------------------- Tulumaksukulu -701 -697 -3 664 -3070 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum jätkuvatelt tegevustelt 7 995 7 662 20 660 17 141 ------------------------------------------------------------------------------- Kasum/-kahjum lõpetatud tegevustelt 0 0 0 3324 ------------------------------------------------------------------------------- Puhaskasum 7 995 7 662 20 660 20 465 ------------------------------------------------------------------------------- Vähemusosaluse osa 706 565 1 583 1 277 ------------------------------------------------------------------------------- Emaettevõtte aktsionäride osa kasumist 7 289 7 098 19 078 19 188 Bilanss, EURt september 2019 juuni 2019 september 2018 ------------------------------------------------------------------------ Raha ja raha ekvivalendid 1 468 510 1 099 009 965 494 ------------------------------------------------------------------------ Finantsvarad 124 035 119 462 48 829 ------------------------------------------------------------------------ Laenud klientidele 1 233 626 1 129 661 822 696 ------------------------------------------------------------------------ Laenude allahindlus -11 561 -11 757 -10 745 ------------------------------------------------------------------------ Nõuded klientide vastu 33 491 9 503 7 372 ------------------------------------------------------------------------ Muud varad 28 700 28 835 23 776 ------------------------------------------------------------------------ Varad kokku 2 876 800 2 374 714 1 857 421 ------------------------------------------------------------------------ Nõudmiseni hoiused 2 005 227 1 672 003 1 513 113 ------------------------------------------------------------------------ Tähtajalised hoiused 529 442 411 384 124 476 ------------------------------------------------------------------------ Saadud laenud 28 640 28 591 12 289 ------------------------------------------------------------------------ Võlgnevused klientidele 2 563 309 2 111 977 1 649 877 ------------------------------------------------------------------------ Muud kohustused 39 524 23 197 26 024 ------------------------------------------------------------------------ Allutatud laenud 75 000 75 000 30 900 ------------------------------------------------------------------------ Kohustused kokku 2 677 833 2 210 175 1 706 802 ------------------------------------------------------------------------ Omakapital 198 967 164 539 150 620 ------------------------------------------------------------------------ sh vähemusosaluse osa 4 505 3 799 3 447 ------------------------------------------------------------------------ Kohustused ja omakapital kokku 2 876 800 2 374 714 1 857 421 AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/et/aruanded. LHV korraldab kvartali tulemuste tutvustamiseks investorkohtumise, mis leiab aset 15. oktoobril algusega kell 18 LHV Tallinna kliendikontoris (Tartu mnt 2, I korrus). Osalemiseks palume registreeruda aadressil https://fp.lhv.ee/academy/560. Investorkohtumisest tehakse reaalajas videoülekanne LHV Facebooki lehel www.facebook.com/LHVPank (http://www.facebook.com/LHVPank). LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab ligi 420 inimest ja LHV pangateenuseid kasutab üle 189 000 kliendi. LHV hallatavatel pensionifondidel on ligi 176 000 aktiivset klienti. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected])
Teate sisu inglise keeles
Pealkiri
LHV Group unaudited results for Q3 and 9 months of 2019
Teade
In the third quarter of 2019, AS LHV Group earned EUR 8.0 million altogether in consolidated net profit. AS LHV Pank earned EUR 6.4 million and AS LHV Varahaldus EUR 1.9 million as net profit. The return on equity of LHV Group was 16.4% in the third quarter. Compared to the second quarter, the profit of the consolidation group grew by EUR 0.3 million. Compared to the third quarter of 2018, the net profit grew by EUR 1.8 million. The profit of the group was affected in the third quarter by income tax expenses in the amount of EUR 0.7 million, the impairment was close to zero. The volume of assets of LHV Group grew by half a billion, to EUR 2.9 billion over the quarter. Compared to the previous quarter, the Group's consolidated loan portfolio increased by EUR 104 million to EUR 1,222 million (+9%; +127 million euros in Q2). Consolidated deposits increased by EUR 451 million to EUR 2,535 million (+22%; +516 million euros in Q2). At the same time, the deposits related to payment intermediaries increased by EUR 184 million. The total volume of funds managed by LHV grew by EUR 34 million in the third quarter and reached EUR 1,328 million (+3%; +36 million euros in Q2). The consolidated net profit of AS LHV Group in the first 9 months of 2019 was EUR 20.7 million. The profit for the first 9 months is EUR 0.2 larger compared to the same period in previous year, when the profit also contained a one-off sales revenue of the Lithuanian business unit. AS LHV Pank earned EUR 16.4 million and AS LHV Varahaldus EUR 5.2 million as net profit in 9 months. Comment by Madis Toomsalu, CEO of LHV Group on the results: "As a result of active summer months, the third quarter was strong and eventful for LHV. Over the last four months, we have raised capital worth 65 million euros from the investors and notably increased our business volumes. We are working on a daily basis towards ensuring that we offer the best, fastest, most efficient and professional service to our customers. This is also evidenced by the title of the best bank in Estonia from Euromoney. In co-operation with Luminor, we increased LHV's Estonia-wide ATM network by a factor of five, to 125 ATMs. We are constantly updating our Mobile Bank. During the summer period, we implemented a possibility to request money through the app and account opening for a new private customer, as well as ordering a bankcard and investing in securities. After the end of the quarter we introduced a possibility to apply for a loan. The number of new customers added during the quarter was a record of 9,600. Loan growth was broad-based; deposit growth was to a large extent related to the deposits being involved via deposit platforms, which we are using to purchase Danske Bank's private loan portfolio. Even though the Danske transaction will be concluded at the end of November, we wanted to attain certainty in terms of financing earlier. Due to the rapid and extensive involvement of deposits, the interest expenses have been bigger over the last months. The interest income accruing starting from the last week of November will in substantial part be translated into additional profit. The deposit cost related to the transaction shall remain high until the middle of next year, when we will be looking to replace these deposits with covered bonds. In September, a regulation entered into force, according to which lower fixed management fees apply to pension funds; yet, in the event of a strong rate of return, the funds are able to earn a success fee. We have not taken the success fee into account in our financial plan until the end of this year, which means that the monthly gains of Varahaldus shall decrease by about 400 thousand euros. This year, we have actively grown our business, and different effects have emerged, which is why we published an updated financial plan. We have strongly upgraded our expectations for loan volumes, which we increased, compared to the previous forecast, by 570 million euros for the end of 2019 and by 873 million euros for the end of 2023. We increased deposits by 742 million euros for the end of 2019 and by 1.13 billion euros for the end of 2023. According to the updated forecast, LHV Group will earn 25.6 million euros in net profit this year. We outperform the profit forecast at the end of Q3 by 1.6 million euros; this better-than-expected outcome has mainly been achieved due to lower impairment costs and the greater late interest income of loans. To reach the higher forecasts published in July and to purchase the Danske Bank's private loans portfolio, we finalised the share issue in September, in which we publicly issued 2.2 million new shares in the form of pre-emptive subscription rights. A total of 3,789 investors participated in the subscription, subscribing to shares in the total amount of 32.4 million euros. LHV now has more than 6,700 shareholders altogether. LHV's growth trends are supported by the Estonian business environment. Economic growth has been solid, depending largely on the economies of our neighbouring countries. Internal policy risks are managed by a balanced budget, low public sector debt and a positive foreign balance, with the main source of tension being the availability of labour. Also, the credit market has remained strong. All of the main credit products, incl. corporate loans and home loans, are growing. The financial health of households is on the strong side, the loan-to- deposit ratio is improving." Income statement, EUR t Q3-2019 Q2-2019 9 months 2019 9 months 2018 ------------------------------------------------------------------------------- Net interest income 11 546 11 628 34 119 27 861 ------------------------------------------------------------------------------- Net fee and commission income 6 412 6 613 19 250 18 952 ------------------------------------------------------------------------------- Net gains from financial assets 119 203 500 338 ------------------------------------------------------------------------------- Other income 33 16 26 768 ------------------------------------------------------------------------------- Total revenue 18 111 18 460 53 895 47 919 ------------------------------------------------------------------------------- Staff costs -4 593 -4 883 -14 029 -11 463 ------------------------------------------------------------------------------- Office rent and expenses -229 -225 -682 -1294 ------------------------------------------------------------------------------- IT expenses -641 -639 -1 909 -1572 ------------------------------------------------------------------------------- Marketing expenses -471 -467 -1 646 -1 424 ------------------------------------------------------------------------------- Other operating expenses -3 465 -3 189 -9 641 -7 618 ------------------------------------------------------------------------------- Total operating expenses -9 399 -9 403 -27 908 -23 371 ------------------------------------------------------------------------------- EBIT 8 711 9 057 25 987 24 548 ------------------------------------------------------------------------------- Earnings before impairment losses 8 711 9 057 25 987 24 548 ------------------------------------------------------------------------------- Impairment losses on loans and advances -15 -697 -1 663 -4 337 ------------------------------------------------------------------------------- Income tax -701 -697 -3 664 -3070 ------------------------------------------------------------------------------- Net profit for the reporting period from continued operations 7 995 7 662 20 660 17 141 ------------------------------------------------------------------------------- Profit/-loss from discontinued operations 0 0 0 3324 ------------------------------------------------------------------------------- Net profit 7 995 7 662 20 660 20 465 ------------------------------------------------------------------------------- Profit attributable to non- controlling interest 706 565 1 583 1 277 ------------------------------------------------------------------------------- Profit attributable to share holders of the parent 7 289 7 098 19 078 19 188 Balance sheet, EURt September 2019 June 2019 September 2018 ------------------------------------------------------------------------------- Cash and cash equivalents 1 468 510 1 099 009 965 494 ------------------------------------------------------------------------------- Financial assets 124 035 119 462 48 829 ------------------------------------------------------------------------------- Loans granted 1 233 626 1 129 661 822 696 ------------------------------------------------------------------------------- Loan impairments -11 561 -11 757 -10 745 ------------------------------------------------------------------------------- Receivables from customers 33 491 9 503 7 372 ------------------------------------------------------------------------------- Other assets 28 700 28 835 23 776 ------------------------------------------------------------------------------- Total assets 2 876 800 2 374 714 1 857 421 ------------------------------------------------------------------------------- Demand deposits 2 005 227 1 672 003 1 513 113 ------------------------------------------------------------------------------- Term deposits 529 442 411 384 124 476 ------------------------------------------------------------------------------- Loans received 28 640 28 591 12 289 ------------------------------------------------------------------------------- Loans received and deposits from customers 2 563 309 2 111 977 1 649 877 ------------------------------------------------------------------------------- Other liabilities 39 524 23 197 26 024 ------------------------------------------------------------------------------- Subordinated loans 75 000 75 000 30 900 ------------------------------------------------------------------------------- Total liabilities 2 677 833 2 210 175 1 706 802 ------------------------------------------------------------------------------- Equity 198 967 164 539 150 620 ------------------------------------------------------------------------------- Minority interest 4 505 3 799 3 447 ------------------------------------------------------------------------------- Total liabilities and equity 2 876 800 2 374 714 1 857 421 AS LHV Group reports are available at https://investor.lhv.ee/en/reports (https://investor.lhv.ee/en/reports/). LHV organises an investor meeting for introducing the quarterly results, to be held on 15 October at 18.00 in LHV Tallinn office (Tartu mnt 2, I floor). The presentation will be made in Estonian. To participate, please register at https://fp.lhv.ee/academy/560. A real-time video broadcast is made of the investor meeting on LHV's Facebook page www.facebook.com/LHVPank (http://www.facebook.com/LHVPank). LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs about 420 people, and more than 189,000 customers use LHV's banking services. Pension funds managed by LHV have more than 176,000 active clients. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])