Börsiteade
AS LHV Group
LEI kood
529900JG015JC10LED24
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Sektor(id)
Krediidiasutus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Poolaastaaruanne
Teate ID
8946
Manused
Esitamise kuupäev ja aeg
20.07.2021 08:00:00
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Pealkiri
LHV Groupi 2021. aasta II kvartali auditeerimata majandustulemused
Teade
AS LHV Group teenis 2021. aasta II kvartalis kokku 12,9 miljonit eurot konsolideeritud puhaskasumit. Pank teenis kvartaliga 16,5 miljonit eurot puhaskasumit, sealhulgas 3,1 miljonit eurot Ühendkuningriigi filiaaliga seotud klientide teenindamisest. Varahaldus teenis 2,3 miljonit eurot puhaskahjumit ja Kindlustus 112 tuhat eurot puhaskahjumit. Grupi omakapitali tootlus (ROE) oli teises kvartalis 19,7%. Võrreldes käesoleva aasta esimese kvartaliga oli grupi puhaskasum 1,5 miljoni euro võrra ehk 13% suurem. Võrreldes 2020. aasta teise kvartaliga puhaskasum 3,6-kordistus, kasvades 9,4 miljoni euro võrra. LHV Groupi varade maht oli II kvartali lõpus 5,86 miljardit eurot. Grupi konsolideeritud laenuportfell kasvas kvartaliga 97 miljoni euro võrra 2,4 miljardi euroni (+4%; +96 miljonit eurot I kvartalis) ja konsolideeritud hoiused 188 miljoni euro võrra 4,92 miljardi euroni (+4%; +614 miljonit I kvartalis). LHV poolt juhitud fondide koondamaht kasvas II kvartalis 33 miljoni euro võrra 1,62 miljardi euroni (+2%; +50 miljonit eurot I kvartalis). Töödeldud maksete arv ulatus II kvartalis 16,8 miljoni makseni (+8% võrreldes 15,6 miljoni maksega I kvartalis). AS-i LHV Group 2021. aasta 6 kuu konsolideeritud puhaskasum ulatus 24,3 miljoni euroni, mis on aastatagusega võrreldes 13,3 miljoni euro võrra ehk 121% suurem. AS LHV Pank teenis 6 kuuga 28,3 miljonit eurot puhaskasumit, sealhulgas 5,3 miljonit Ühendkuningriigi filiaaliga seotud klientide teenindamisest. AS LHV Varahaldus teenis 6 kuuga 2,9 miljonit eurot puhaskahjumit ja AS LHV Kindlustus 388 tuhat eurot puhaskahjumit. Kasumiaruanne, tuhandetes eurodes II kv 2021 I kv 2021 6 kuud 2021 6 kuud 2020 ------------------------------------------------------------------------------- Neto intressitulu 22 927 20 372 43 299 31 868 ------------------------------------------------------------------------------- Neto teenustasutulu 9 098 8 640 17 738 12 696 ------------------------------------------------------------------------------- Neto finantstulud 292 -375 -83 -68 ------------------------------------------------------------------------------- Tulu kindlustustegevusest 419 89 508 0 ------------------------------------------------------------------------------- Muud tegevustulud 97 40 137 20 ------------------------------------------------------------------------------- Tulud kokku 32 834 28 765 61 599 44 516 ------------------------------------------------------------------------------- Personalikulu -8 006 -7 253 -15 259 -11 916 ------------------------------------------------------------------------------- Kontorikulud -384 -463 -847 -514 ------------------------------------------------------------------------------- IT kulud -993 -1 005 -1 998 -1 511 ------------------------------------------------------------------------------- Turunduskulud -549 -532 -1 081 -790 ------------------------------------------------------------------------------- Muud tegevuskulud -7 993 -4 507 -12 500 -7 104 ------------------------------------------------------------------------------- Kulud kokku -17 925 -13 760 -31 685 -21 835 ------------------------------------------------------------------------------- Kasum enne allahindlusi 14 910 15 005 29 915 22 681 ------------------------------------------------------------------------------- Laenude allahindlus 791 -1 601 -810 -8 683 ------------------------------------------------------------------------------- Tulumaksukulu -2 785 -1 988 -4 773 -2 964 ------------------------------------------------------------------------------- Puhaskasum 12 916 11 417 24 332 11 034 ------------------------------------------------------------------------------- Vähemusosaluse osa 507 373 880 1 019 ------------------------------------------------------------------------------- Emaettevõtte aktsionäride osa kasumist 12 409 11 043 23 452 10 014 Bilanss, tuhandetes eurodes juuni.21 märts.21 juuni.20 --------------------------------------------------------------------- Raha ja raha ekvivalendid 3 341 694 3 193 146 1 438 793 --------------------------------------------------------------------- Finantsvarad 86 614 149 739 423 117 --------------------------------------------------------------------- Laenud klientidele 2 418 634 2 322 518 1 818 644 --------------------------------------------------------------------- Laenude allahindlus -17 298 -18 170 -14 608 --------------------------------------------------------------------- Nõuded klientide vastu 5 319 5 185 3 039 --------------------------------------------------------------------- Muud varad 26 704 30 005 28 527 --------------------------------------------------------------------- Varad kokku 5 861 667 5 682 423 3 697 512 --------------------------------------------------------------------- Nõudmiseni hoiused 4 658 731 4 272 474 2 512 196 --------------------------------------------------------------------- Tähtajalised hoiused 262 762 461 369 574 739 --------------------------------------------------------------------- Saadud laenud 505 867 508 801 271 553 --------------------------------------------------------------------- Võlgnevused klientidele 5 427 361 5 242 644 3 358 488 --------------------------------------------------------------------- Muud kohustused 62 264 74 544 35 702 --------------------------------------------------------------------- Allutatud laenud 110 000 110 000 90 000 --------------------------------------------------------------------- Kohustused kokku 5 599 625 5 427 188 3 484 190 --------------------------------------------------------------------- Omakapital 262 043 255 235 213 322 --------------------------------------------------------------------- sh vähemusosaluse osa 7 263 6 756 5 243 --------------------------------------------------------------------- Kohustused ja omakapital kokku 5 861 667 5 682 423 3 697 512 ? Kasumlikkuse suhtarvud II kv 2021 I kv 2021 6 kuud 2021 6 kuud 2020 ---------------------------------------------------------------------------- Omakapitali tootlus 19,7% 18,2% 19,2% 10,4% ---------------------------------------------------------------------------- Kulude ja tulude suhe (C/I) 54,6% 47,8% 51,4% 49,0% ---------------------------------------------------------------------------- Riskikulumäär -0,1% 0,3% 0,1% 1,1% LHV Groupi kasumit suurendasid II kvartalis tavapärasest kõrgemad tulud finantsvahendajate hoiustest ning laenuallahindluste vähenemine 0,8 miljoni euro võrra. Samas mõjus kvartali puhaskasumile negatiivselt pensionireformi tulemusel II samba pensionifondidest lahkuvate klientidega seotud mitterahavooline immateriaalse vara allahindlus summas 3,1 miljonit eurot. Poolaasta lõpuks edestab LHV finantsplaani puhaskasumi osas 7,6 miljoni euro võrra. Planeeritust paremate tulemuste tõttu avalikustab ettevõte augustis 2021. aasta uuendatud finantsplaani. LHV laenuportfelli kvartalikasvust tulenes 47 miljonit eurot jaelaenude arvelt ja 50 miljonit eurot ettevõtete laenudest. Hoiuste kasvust tulenes 306 miljonit eurot finantsvahendajate arvelt ja 32 miljonit eurot tavaklientidelt, hoiuseplatvormide osa vähenes 150 miljoni euro võrra. Aastases võrdluses eelmise aasta juuni lõpuga on hoiuste maht kasvanud 1,8 miljardi euro (+59%), laenude maht 597 miljoni euro (aastane kasv +33%), fondid 180 miljoni euro võrra (+12%) ja töödeldud maksete arv 12 miljoni võrra (+59%). LHV Pank on jõudnud 286 tuhande kliendini, kasvatades aastaga klientide arvu 28% võrra. Samas on panga krediidikvaliteet püsinud hea. Eelmise aasta eriolukorra taustal väljastatud maksepuhkused on enamuses õigeaegselt lõppenud ja algse 350 miljoni euro pealt on need langenud 39 miljoni euroni. Jätkunud on investeerimisteenuste aktiivne kasutamine ja investeerivate klientide arvu kasv. Kvartali jooksul sõlmiti ligi 6600 uut investeerimislepingut ja lisandus üle 4600 varadega kliendi. Muudest kvartali jooksul olulistest sündmustest on LHV Pank tõusnud Kantar Emori Eesti tööandjate maineuuringu järgi töötavate inimeste eelistuste pingereas 5. kohale ja tudengite silmis kõige hinnatumaks tööandjaks. Kantar Emori eestlaste lemmikbrändi uuringus jõudis LHV esmakordselt esikümnesse. Lisaks kohalikule tunnustusele nimetas rahvusvaheline juhtiv majandusajakiri Euromoney LHV Panga juba neljandat aastat järjest Eesti parimaks pangaks. LHV pensionifondid näitasid kvartali jooksul head tootlust, ehkki madalama aktsiariski tõttu jäid aktiivselt juhitud fondid alla indeksfondidele. Oma osa on selles ka septembris väljuvate klientide jaoks vajaliku likviidsuse hoidmisel aktiivselt juhitud fondides. Kvartaliga vähenes pensionifondide aktiivsete klientide hulk ligi 2000 võrra. LHV Kindlustus tõi mais turule kasko- ja liikluskindlustuse ja alustas kindlustustoodete pakkumist kõigile Eesti klientidele. Uue Eesti kapitalil põhineva kindlustusseltsina soovib LHV Kindlustus tugevalt konkureerida seni peamiselt välismaiste firmade poolt hõivatud kahjukindlustusturul. LHV Groupi juhataja Madis Toomsalu kommentaar: "LHV jaoks kujunes teine kvartal ühtede parimate tulemustega kvartaliks. Näeme selgelt, et Eesti majandus on kasvamas ning ettevõtete ja tarbijate kindlustunne taastumas. Oleme rahul, et oleme suutnud majanduse olukorrast hoolimata klientide kõrval seista ning seeläbi ka LHV kasvu hoida. Näiteks on laenuportfell aastaga kasvanud ligi 600 miljoni euro ehk kolmandiku võrra, ning seda vaatamata järjest kõrgemale võrdlusbaasile. Ka muu ärimahtude kasv on laiapõhjaline. Oleme kõige terviklikuma tooteportfelli, investeerimishariduse laialdase pakkumise, parima Balti maaklerteenuse ning soodsaimate teenustasude kaudu suutnud oma turuliidri rolli kasvatada. Eraldi tähelepanu all on meie rahvusvaheline äritegevus. Ühendkuningriigi krediidiasutuse litsentsi taotlemisel esitasime II kvartali lõpuks järelvalvele esialgse regulatiivse äriplaani ning keskendume järgmises etapis likviidsuse- ja kapitali adekvaatsuse hindamisetele ja muu vajamineva dokumentatsiooni ettevalmistamisele. Kuna oleme tulemuste osas oluliselt edestamas veebruaris avaldatud finantsplaani,avalikustame uue 2021. aasta finantsplaani juba augustis." AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/aruanded. Kvartalitulemuste tutvustamiseks korraldab LHV Group veebiseminaride keskkonna Zoom kaudu investorkohtumise. Virtuaalne investorkohtumine toimub enne turu avanemist 20. juulil kell 9.00. Esitlus tehakse eesti keeles. Palume registreeruda aadressil https://lhvbank.zoom.us/webinar/register/WN_g8hK1ZvvR8Sf_2eAC_PNgw. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank, LHV Varahaldus ja LHV Kindlustus. LHV-s töötab üle 590 inimese. LHV pangateenuseid kasutab ligi 286 000 klienti ja LHV hallatavatel pensionifondidel on ligi 175 000 aktiivset klienti. LHV Ühendkuningriigi filiaal pakub panganduse taristut enam kui 150 rahvusvahelisele finantsteenuste ettevõttele, mille kaudu jõuavad LHV makseteenused klientideni üle terve maailma. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected])
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LHV Group unaudited results for Q2 2021
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In the second quarter of 2021, AS LHV Group altogether earned EUR 12.9 million in consolidated net profit. Within the quarter, the bank earned EUR 16.5 million in net profit, including EUR 3.1 million from servicing clients related to the United Kingdom branch. Varahaldus generated EUR 2.3 million in net loss, and Kindlustus generated EUR 112,000 in net loss. The return on equity (ROE) of the Group was 19.7% in the second quarter. Compared to the first quarter of this year, the Group's net profit was EUR 1.5 million higher, i.e., 13% higher. Compared to the second quarter of 2020, net profit increased by 3.6 times, growing by EUR 9.4 million. At the end of Q2, the volume of assets of LHV Group was EUR 5.86 billion. Within the quarter, the Group's consolidated loan portfolio grew by EUR 97 million to EUR 2.4 billion (+4%; + EUR 96 million in Q1) and consolidated deposits increased by EUR 188 million to EUR 4.92 billion (+4%; + EUR 614 million in Q1). The total volume of funds managed by LHV increased by EUR 33 million in Q2, to EUR 1.62 billion (+2%; + EUR 50 million in Q1). The number of payments processed reached 16.8 million payments in Q2 (+8% compared to 15.6 million payments in Q1). The consolidated net profit of the 6 months of 2021 of AS LHV Group reached EUR 24.3 million, which is EUR 13.3 million, or 121%, higher than in the year before. Within the 6 months, AS LHV Pank earned EUR 28.3 million in net profit, including EUR 5.3 million from servicing clients related to the United Kingdom branch. Within the 6 months, AS LHV Varahaldus generated EUR 2.9 million in net loss, and AS LHV Kindlustus generated EUR 388,000 in net loss. Income statement, EUR thousand Q2-2021 Q1-2021 6 months 2021 6 months 2020 ------------------------------------------------------------------------------- Net interest income 22 927 20 372 43 299 31 868 ------------------------------------------------------------------------------- Net fee and commission income 9 098 8 640 17 738 12 696 ------------------------------------------------------------------------------- Net gains from financial assets 292 -375 -83 -68 ------------------------------------------------------------------------------- income from insurance activities 419 89 508 0 ------------------------------------------------------------------------------- Other income 97 40 137 20 ------------------------------------------------------------------------------- Total revenue 32 834 28 765 61 599 44 516 ------------------------------------------------------------------------------- Staff costs -8 006 -7 253 -15 259 -11 916 ------------------------------------------------------------------------------- Office rent and expenses -384 -463 -847 -514 ------------------------------------------------------------------------------- IT expenses -993 -1 005 -1 998 -1 511 ------------------------------------------------------------------------------- Marketing expenses -549 -532 -1 081 -790 ------------------------------------------------------------------------------- Other operating expenses -7 993 -4 507 -12 500 -7 104 ------------------------------------------------------------------------------- Total operating expenses -17 925 -13 760 -31 685 -21 835 ------------------------------------------------------------------------------- Earnings before impairment losses 14 910 15 005 29 915 22 681 ------------------------------------------------------------------------------- Impairment losses on loans and advances 791 -1 601 -810 -8 683 ------------------------------------------------------------------------------- Income tax -2 785 -1 988 -4 773 -2 964 ------------------------------------------------------------------------------- Net profit 12 916 11 417 24 332 11 034 ------------------------------------------------------------------------------- Profit attributable to non- controlling interest 507 373 880 1 019 ------------------------------------------------------------------------------- Profit attributable to share holders of the parent 12 409 11 043 23 452 10 014 Balance sheet, EUR thousand Jun 2021 Mar 2021 Jun 2020 ---------------------------------------------------------------------------- Cash and cash equivalents 3 341 694 3 193 146 1 438 793 ---------------------------------------------------------------------------- Financial assets 86 614 149 739 423 117 ---------------------------------------------------------------------------- Loans granted 2 418 634 2 322 518 1 818 644 ---------------------------------------------------------------------------- Loan impairments -17 298 -18 170 -14 608 ---------------------------------------------------------------------------- Receivables from customers 5 319 5 185 3 039 ---------------------------------------------------------------------------- Other assets 26 704 30 005 28 527 ---------------------------------------------------------------------------- Total assets 5 861 667 5 682 423 3 697 512 ---------------------------------------------------------------------------- Demand deposits 4 658 731 4 272 474 2 512 196 ---------------------------------------------------------------------------- Term deposits 262 762 461 369 574 739 ---------------------------------------------------------------------------- Loans received 505 867 508 801 271 553 ---------------------------------------------------------------------------- Loans received and deposits from customers 5 427 361 5 242 644 3 358 488 ---------------------------------------------------------------------------- Other liabilities 62 264 74 544 35 702 ---------------------------------------------------------------------------- Subordinated loans 110 000 110 000 90 000 ---------------------------------------------------------------------------- Total liabilities 5 599 625 5 427 188 3 484 190 ---------------------------------------------------------------------------- Equity 262 043 255 235 213 322 ---------------------------------------------------------------------------- Minority interest 7 263 6 756 5 243 ---------------------------------------------------------------------------- Total liabilities and equity 5 861 667 5 682 423 3 697 512 Profitability ratios Q2-2021 Q1-2021 6 months 2021 6 months 2020 ------------------------------------------------------------------------------- Return on equity 19,7% 18,2% 19,2% 10,4% ------------------------------------------------------------------------------- Cost / Income ratio 54,6% 47,8% 51,4% 49,0% ------------------------------------------------------------------------------- Net gains from financial assets -0,1% 0,3% 0,1% 1,1% In Q2, LHV Group's profits were increased by the higher than usual revenues from the deposits of financial intermediaries, and the decrease in loan discounts by EUR 0.8 million. At the same time, net profit of the quarter was negatively affected by the non-cash flow discount of intangible assets in the amount of EUR 3.1 million, related to clients leaving the II pillar pension funds as a result of the pension reform. As at the end of the first half of the year, LHV is ahead of the financial plan in terms of net profit by EUR 7.6 million. Due to the better-than-expected results, the company will release its updated financial plan in August 2021. In the quarterly increase of the LHV loan portfolio, EUR 47 million originated from retail loans, and EUR 50 million from corporate loans. In terms of growth of deposits, EUR 306 million originated from financial intermediaries and EUR 32 million from regular clients, the proportion of deposit platforms decreased by EUR 150 million. In the year-on-year comparison with June of last year, the volume of deposits has increased by EUR 1.8 billion (+59%), the volume of loans by EUR 597 million (yearly increase +33%), funds by EUR 180 million (+12%), and the number of payments processed by 12 million (+59%). LHV Pank has reached 286,000 clients, increasing the number of clients by 28% in a year. At the same time, the credit quality of the bank has remained good. The grace periods granted last year in the context of the emergency situation have mostly ended on time, and they have decreased from the original EUR 350 million to EUR 39 million. The active use on investment services and the increase of investing clients have continued. During the quarter, nearly 6,600 new investment contracts were concluded, and over 4,600 clients with assets were added. Among other important events within the quarter: according to the reputation survey of Estonian companies, conducted by Kantar Emor, LHV Pank has risen to 5th place on the leaderboard of preference of employment among working people, and has become the most valued employer among students. In the Estonian favourite brand survey, conducted by Kantar Emor, LHV reached the top ten for the first time. In addition to local recognition, the leading international economic magazine Euromoney declared LHV Pank the best bank in Estonia for the fourth year in a row. LHV Pension Funds showed a good rate of return within the quarter, although actively managed funds were bested by index funds due to a lower equity risk. One part of this relates to maintaining the necessary liquidity in actively managed funds for clients leaving in September. Within the quarter, the number of active clients of pension funds decreased by about 2,000. In May, LHV Kindlustus introduced its motor own damage insurance and motor third party liability insurance to the market, and started offering insurance products to all clients in Estonia. As a new insurance undertaking based on Estonian capital, LHV Kindlustus wishes to compete strongly on the non-life insurance market that has so far mostly been occupied by foreign companies. Comment by Madis Toomsalu, CEO of LHV Group: "For LHV, the second quarter turned out to be a quarter with some of the best results. We can clearly see that the Estonian economy is growing, and that the confidence of companies and consumers is recovering. We are pleased that despite the situation regarding the economy, we have managed to stand by our clients and thereby maintain the growth of LHV. For example, the loan portfolio has increased by EUR 600 million, i.e., by a third, and this despite the increasingly higher reference framework. The increase of other business volumes is broad-based, as well. By means of the most complete product portfolio, wide offering of investment education, the best broker service in the Baltics, and the most favourable service fees, we have managed to increase our role as market leader. Our international business activities deserve special attention. In the course of applying for the licence of a credit institution in the United Kingdom, we presented the preliminary regulative business plan to the supervisory authorities by the end of Q2, and in the next stage, we are focusing on assessing liquidity and capital adequacy, and on the preparation of other required documentation. Since in terms of results, we are already significantly ahead of the financial plan published in February, we will already be revealing our new financial plan for 2021 in August." AS LHV Group reports are available at: https://investor.lhv.ee/en/reports/. In order to introduce the quarterly results, LHV Group will be organising an investor meeting via the Zoom webinar environment. The virtual investor meeting will take place on 20 July at 9:00 before the market opens. The presentation will be in Estonian. We kindly ask you to register at the address https://lhvbank.zoom.us/webinar/register/WN_g8hK1ZvvR8Sf_2eAC_PNgw. LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. LHV employs over 590 people. LHV's banking services are used by nearly 286,000 clients, and pension funds managed by LHV have nearly 175,000 active clients. LHV's UK branch offers banking infrastructure to over 150 international financial services companies, via which LHV's payment services reach clients around the world. Priit Rum LHV Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])