Börsiteade
AS LHV Group
Kategooria
Muud korporatiivtoimingud
Manused
Kuupäev
23.04.2024 08:00:00
Pealkiri
LHV Groupi 2024. aasta I kvartali auditeerimata majandustulemused
Teade
LHV jaoks oli aasta esimene kvartal tugevate tulemustega, mida mõjutasid ärimahtude plaanitust suurem kasv ja intressikeskkonna samal tasemel püsimine. AS LHV Group teenis 2024. aasta I kvartalis 40,7 miljonit eurot puhaskasumit. AS LHV Pank teenis puhaskasumit 36,8 miljonit eurot ja LHV Bank Limited 4,9 miljonit eurot. AS-i LHV Varahaldus I kvartali puhaskahjumiks jäi 220 tuhat eurot ja AS-i LHV Kindlustus puhaskasumiks kogunes 256 tuhat eurot. Grupi aktsionäridele kuuluva omakapitali tootlus oli I kvartalis 28,5%. Konsolideerimisgrupp teenis 2024. aasta I kvartalis 85,4 miljonit eurot tulusid ehk pea sama palju nagu eelmises kvartalis. Eelmise aasta sama ajaga võrreldes suurenesid konsolideeritud tulud 25% võrra. Tuludest 68,9 miljonit eurot moodustasid neto intressitulud ning 15,5 miljonit eurot neto teenustasutulud. Konsolideerimisgrupi kulud ulatusid I kvartalis kokku 35,5 miljoni euroni ehk jäid 6% väiksemaks kui eelmises kvartalis. Aastaga suurenesid kulud 16%. Allahindlusi tehti I kvartalis kokku 2,9 miljoni euro ulatuses. Grupi konsolideeritud puhaskasum oli I kvartalis 24% suurem kui 2023. aasta viimases kvartalis ja 23% suurem kui samal ajal aasta tagasi. Märtsi lõpu seisuga kasvas LHV Groupi konsolideeritud varade maht rekordilise 7,37 miljardi euroni (aastane kasv 21%). Kvartaliga suurenes varade maht 245 miljoni euro võrra ehk 3%. LHV Groupi konsolideeritud hoiused kavasid kvartaliga 203 miljoni euro võrra (+4%) 5,93 miljardi euroni (+22% aastases võrdluses). Konsolideeritud laenuportfell kasvas I kvartalis 83 miljoni euro võrra (+2%) 3,65 miljardi euroni (+16% aastases võrdluses). LHV poolt juhitud fondide koondmaht kasvas kvartaliga 21 miljoni euro võrra (+1%) 1,54 miljardi euroni (aastaga on fondide maht suurenenud 6% võrra). Finantsvahendajatest klientidega seotud töödeldud maksete arv oli I kvartalis 17,8 miljonit makset (+12% võrreldes 15,9 miljoni maksega IV kvartalis). Kasumiaruanne, tuhandetes eurodes I kv 2024 IV kv 2023 I kv 2023 ------------------------------------------------------------------------------ Neto intressitulu 68 918 67 670 55 108 ------------------------------------------------------------------------------ Neto teenustasutulu 15 543 16 300 11 877 ------------------------------------------------------------------------------ Neto finantstulud 536 480 1 385 ------------------------------------------------------------------------------ Muud tegevustulud 418 1 243 13 ------------------------------------------------------------------------------ Tulud kokku 85 415 85 693 68 383 ------------------------------------------------------------------------------ Personalikulu -20 275 -18 645 -15 667 ------------------------------------------------------------------------------ Kontorikulud -572 -872 -767 ------------------------------------------------------------------------------ IT kulud -3 100 -4 067 -3 226 ------------------------------------------------------------------------------ Turunduskulud -658 -1 117 -810 ------------------------------------------------------------------------------ Muud tegevuskulud -10 924 -13 151 -10 152 ------------------------------------------------------------------------------ Kulud kokku -35 528 -37 852 -30 622 ------------------------------------------------------------------------------ Ärikasum 49 888 47 841 37 761 ------------------------------------------------------------------------------ Kasum enne allahindlusi 49 888 47 841 37 761 ------------------------------------------------------------------------------ Laenude allahindlus -2 851 -9 430 1 583 ------------------------------------------------------------------------------ Tulumaksukulu -6 335 -5 643 -6 281 ------------------------------------------------------------------------------ Puhaskasum 40 702 32 768 33 063 ------------------------------------------------------------------------------ Vähemusosaluse osa 158 231 409 ------------------------------------------------------------------------------ Emaettevõtte aktsionäride osa kasumist 40 544 32 537 32 654 ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Puhaskasum aktsia kohta, eurodes 0,13 0,10 0,10 ------------------------------------------------------------------------------ Lahustatud puhaskasum aktsia kohta, eurodes 0,12 0,10 0,10 Bilanss, tuhandetes eurodes märts.24 dets.23 märts.23 --------------------------------------------------------------------- Raha ja raha ekvivalendid 3 402 338 3 119 394 2 574 177 --------------------------------------------------------------------- Finantsvarad 249 968 340 341 297 012 --------------------------------------------------------------------- Laenud klientidele 3 676 442 3 591 517 3 167 568 --------------------------------------------------------------------- Laenude allahindlus -31 843 -29 725 -18 384 --------------------------------------------------------------------- Nõuded klientide vastu 22 934 49 505 19 807 --------------------------------------------------------------------- Muud varad 50 733 54 559 50 353 --------------------------------------------------------------------- Varad kokku 7 370 572 7 125 590 6 090 534 --------------------------------------------------------------------- Nõudmiseni hoiused 3 926 714 3 808 162 4 339 971 --------------------------------------------------------------------- Tähtajalised hoiused 2 007 628 1 922 843 526 928 --------------------------------------------------------------------- Saadud laenud 568 355 563 634 539 807 --------------------------------------------------------------------- Võlgnevused klientidele 6 502 697 6 294 639 5 406 706 --------------------------------------------------------------------- Muud kohustused 141 573 147 934 98 870 --------------------------------------------------------------------- Allutatud laenud 127 568 126 652 131 070 --------------------------------------------------------------------- Kohustused kokku 6 771 838 6 569 225 5 636 646 --------------------------------------------------------------------- Omakapital 598 734 556 365 453 888 --------------------------------------------------------------------- sh vähemusosaluse osa 7 394 7 937 7 009 --------------------------------------------------------------------- Kohustused ja omakapital kokku 7 370 572 7 125 590 6 090 534 Esimest kvartalit iseloomustas positiivselt plaanitust suurem laenuportfelli ja intressitulude kasv. Kuigi klientide aktiivsus jäi üldiselt aasta algusele omaselt madalamaks, oli mõnede toodete kasutamine rekordiline. Laenuportfelli kvaliteet on püsinud oodatust tugevamal tasemel, allahindlusi tehti ettevaatavalt makromajanduse stsenaariume arvestades. LHV Panga klientide arv kasvas kvartaliga 10 500 võrra. Klientide aktiivsus arvelduste ja pangakaartide kasutamise osas oli eelmisest kvartalist madalam, kuid kõrge näiteks kodulaenude ja ettevõtetele antavate mikrolaenude osas. Seejuures kodulaenude aktiivse refinantseerimise taustal oli märts LHV kodulaenu jaoks rekordkuu. Kvartaliga kasvas jaelaenude portfell 30 miljoni euro võrra. LHV Panga ettevõtete laenude maht suurenes I kvartalis 37 miljoni euro võrra. Laenunõudlus on kasvamas. Endiselt on panga üldine fookus hoiuste kaasamisel. Muu hulgas tõi LHV Pank klientide jaoks turule uue kogumistoote LHV Kogumiskonto, millega on võimalik teenida 2% intressi rahalt, mida soovi korral saab kohe kasutada. LHV Panga tavaklientide hoiused kasvasid kvartaliga 121 miljoni euro võrra, finantsvahendajate hoiused 38 miljoni euro võrra, platvormidelt kaasatud hoiused vähenesid 23 miljoni euro võrra. Nõudmiseni hoiused kasvasid 37 miljoni euro võrra, samal ajal kui tähtajaliste hoiuste maht suurenes 100 miljoni euro võrra. Kvartali jooksul lisandus LHV mobiiliäppi PIN-koodi lukust avamise võimalus, internetipanka tavainvesteeringute maksudeklaratsioonile automaatse edastuse võimalus. Kvartali lõpus lisas LHV valikusse pangateenuste eripakkumise õpetajatele. Kvartali jooksul tunnustati LHV-d nii Eesti parima teenindusega pangana uuringufirma Dive poolt kui ka Eesti parima tööandjana CV-Online'i poolt. Ühendkuningriigis tegutsev LHV Bank on nüüdsest iseseisvalt finantseeritud, kui maksis sõsarpangale tagasi 66 miljoni eurose laenu. Ühtlasi käivitas LHV Bank edukalt hoiuste kaasamise kolmandal platvormil - Hargreaves Lansdown. Kokku on nüüdseks kaasatud hoiuseid üle 4000 hoiustajalt. LHV Banki fookuses on laenuportfelli kasvatamine maaklerite võrgustiku kaudu ja laenuhaldurite arvu kahekordistamise esimese poolaasta jooksul. Märtsi lõpuks oli laenuportfell kasvanud 95 miljoni euroni ning krediidikomitee poolt heaks kiidetud veel 79 miljoni euro väärtuses väljastamata laene. Töös on ka jaepanganduse pakkumise arendamine koos uue kodulehe ja mobiilipangaga. Kvartali jooksul näitasid aktiivsust finantsvahendajatest kliendid, segmendi maksete mahud olid ajalooliselt kõrgeimal tasemel. LHV Varahalduse tulemust mõjutas 4,9 miljoni euro dividendimakse emaettevõttele, millega kaasnes 800 tuhande euro suurune maksukulu. Fondide maht ning puhakasum on plaanitust veidi ees eelkõige suuremate fondide hea tootluse ning finantstulu tõttu. Varahalduse aktiivsete klientide arv kvartali jooksul veidi langes 120 tuhande kliendi tasemele. 4300 klienti teatas II samba pensioni sissemaksete suurendamise soovist. Aktsiaturgude väga tugeva kvartali taustal kujunes LHV pensionifondide M, L ja XL kvartalitootluseks vastavalt 1,5%, 2,9% ja 2,9%. Konservatiivsemate fondide XS ja S tootluseks kujunes 1,5% ja 1,6%. Pensionifond Indeks tõusis kvartaliga 8,7%, pensionifond Roheline langes 5,3%. LHV Kindlustus jätkas optimaalsel kasvukursil. Kvartali lõpu seisuga kaitseb LHV Kindlustus kokku 164 tuhandet klienti, kes on sõlminud kokku 233 tuhat lepingut. Kindlustuse müügimahud kasvasid kvartaliga 32%. Brutopreemiad olid I kvartalil 40% suuremad kui aasta tagasi samal ajal. Suurenenud on ka kahjujuhtumite arv, mis käib koos portfelli suurenemisega. Registreeriti 22 800 uut kahjujuhtumit, käsitlus lõpetati 22 400 juhtumi puhul. I kvartalil jõudis lõpule Euroopa Keskpanga poolt läbi viidud varade kvaliteedi hindamine, mille LHV edukalt läbis. Märtsis toimunud aktsionäride korralisel üldkoosolekul otsustati maksta eelmise aasta eest aktsionäridele rekordiline dividend 13 senti aktsia kohta. Dividendid maksti välja 12. aprillil. Veebruaris avalikustatud finantsplaani edestas LHV Group 3 kuu kokkuvõttes puhaskasumi osas 7,8 miljoni euro võrra. Finantsplaan püsib. LHV Groupi juhatuse esimehe Madis Toomsalu kommentaar: "LHV jaoks oli tegemist teguderohke ja tugeva kvartaliga. Eesti majandus vajab kasvu taastamiseks investeeringuid, suutsime siin laenumahtude kasvuga anda mõõduka panuse. Lisaks ettevõtete laenudele kasvasid tugevalt ka kodulaenud, samuti ettetehtud tööna Inglismaal asuva LHV Bankis otsustatud laenude maht. Seejuures on grupi tütarettevõtete laenukvaliteet püsinud heal tasemel. Kvartali jooksul avaldati ka Euroopa Keskpanga poolse mahuka varade kvaliteedi hindamise tulemused, mis näitasid LHV head kapitaliseeritust. Meie fookus on endiselt ärimahtude kasvul ning klientide aktiivsuse kasvatamisel." AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/aruanded. Majandustulemuste tutvustamiseks korraldab LHV Group veebiseminaride keskkonna Zoom kaudu investorkohtumise. Virtuaalne investorkohtumine toimub enne turu avanemist 23. aprillil kell 9.00. Esitlus tehakse eesti keeles. Palume registreeruda aadressil: https://lhvbank.zoom.us/webinar/register/WN_alrjq24-S- 2fEWnhE1LW_Q. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank, LHV Varahaldus, LHV Kindlustus ja LHV Bank Limited. LHV ettevõtetes töötab üle 1090 inimese. LHV pangateenuseid kasutab märtsi lõpu seisuga 428 000 klienti, LHV hallatavatel pensionifondidel on 120 000 aktiivset klienti ja LHV kindlustusega on kaitstud 164 000 klienti. LHV Groupi tütarettevõte LHV Bank omab Ühendkuningriigi pangalitsentsi ning pakub pangateenuseid rahvusvahelistele finantstehnoloogia ettevõtetele ja laenusid väikese ja keskmise suurusega ettevõtetele.? Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: priit.rum@lhv.ee (mailto:priit.rum@lhv.ee)
Pealkiri
LHV Group unaudited financial results for Q1 2024
Teade
For LHV, the first quarter of the year demonstrated strong results, affected by the higher-than-planned increase in business volumes and the interest environment remaining at the same level. In Q1 of 2024, AS LHV Group generated EUR 40.7 million in net profit. AS LHV Pank earned EUR 36.8 million and LHV Bank Limited EUR 4.9 million in net profit. AS LHV Varahaldus generated a net loss of EUR 220 thousand in Q1, and AS LHV Kindlustus generated a net profit of EUR 256 thousand. The return on equity attributable to the shareholders of the Group was 28.5% in Q1. In Q1 2024, the consolidation group generated a net income of EUR 85.4 million, which is almost as much as in the previous quarter. Year-on-year, the consolidated income increased by 25%. Of the revenue, net interest income accounted for EUR 68.9 million, and net fee and commission income for EUR 15.5 million. Costs of the consolidation group in Q1 amounted to EUR 35.5 million, i.e., were 6% lower than in the previous quarter. Over the year, costs increased by 16%. Discounts were made in the total extent of EUR 2.9 million in Q1. In Q1, the consolidated net profit of the Group was 24% higher than in Q4 of 2023, and 23% higher than in Q1 of 2023. As at the end of March, the volume of consolidated assets of LHV Group increased to a record EUR 7.37 billion (an increase of 21% over the year). Over the quarter, the volume of assets increased by EUR 245 million, i.e., 3%. LHV Group's consolidated deposits increased by EUR 203 million over the quarter (+4%), to EUR 5.93 billion (+22% year-on-year). In Q1, the consolidated loan portfolio grew by EUR 83 million (+2%), to EUR 3.65 billion (+16% year-on-year). The total volume of funds managed by LHV increased by EUR 21 million over the quarter (+1%) to EUR 1.54 billion (the volume of funds has increased by 6% over the year). The number of processed payments related to financial intermediaries amounted to 17.8 million payments in Q1 (+12% compared to the 15.9 million payments in Q4). Income statement, EUR thousand Q1-2024 Q4-2023 Q1-2023 ----------------------------------------------------------------------------- Net interest income 68 918 67 670 55 108 ----------------------------------------------------------------------------- Net fee and commission income 15 543 16 300 11 877 ----------------------------------------------------------------------------- Net gains from financial assets 536 480 1 385 ----------------------------------------------------------------------------- Other income 418 1 243 13 ----------------------------------------------------------------------------- Total revenue 85 415 85 693 68 383 ----------------------------------------------------------------------------- Staff costs -20 275 -18 645 -15 667 ----------------------------------------------------------------------------- Office rent and expenses -572 -872 -767 ----------------------------------------------------------------------------- IT expenses -3 100 -4 067 -3 226 ----------------------------------------------------------------------------- Marketing expenses -658 -1 117 -810 ----------------------------------------------------------------------------- Other operating expenses -10 924 -13 151 -10 152 ----------------------------------------------------------------------------- Total operating expenses -35 528 -37 852 -30 622 ----------------------------------------------------------------------------- EBIT 49 888 47 841 37 761 ----------------------------------------------------------------------------- Earnings before impairment losses 49 888 47 841 37 761 ----------------------------------------------------------------------------- Impairment losses on loans and advances -2 851 -9 430 1 583 ----------------------------------------------------------------------------- Income tax -6 335 -5 643 -6 281 ----------------------------------------------------------------------------- Net profit 40 702 32 768 33 063 ----------------------------------------------------------------------------- Profit attributable to non-controlling interest 158 231 409 ----------------------------------------------------------------------------- Profit attributable to shareholders of the parent 40 544 32 537 32 654 ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Ordinary earnings per share, EUR 0.13 0.10 0.10 ----------------------------------------------------------------------------- Diluted earnings per share, EUR 0.12 0.10 0.10 Balance sheet, EUR thousand Mar 2024 Dc 2023 Mar 2023 ---------------------------------------------------------------------------- Cash and cash equivalents 3 402 338 3 119 394 2 574 177 ---------------------------------------------------------------------------- Financial assets 249 968 340 341 297 012 ---------------------------------------------------------------------------- Loans granted 3 676 442 3 591 517 3 167 568 ---------------------------------------------------------------------------- Loan impairments -31 843 -29 725 -18 384 ---------------------------------------------------------------------------- Receivables from customers 22 934 49 505 19 807 ---------------------------------------------------------------------------- Other assets 50 733 54 559 50 353 ---------------------------------------------------------------------------- Total assets 7 370 572 7 125 590 6 090 534 ---------------------------------------------------------------------------- Demand deposits 3 926 714 3 808 162 4 339 971 ---------------------------------------------------------------------------- Term deposits 2 007 628 1 922 843 526 928 ---------------------------------------------------------------------------- Loans received 568 355 563 634 539 807 ---------------------------------------------------------------------------- Loans received and deposits from customers 6 502 697 6 294 639 5 406 706 ---------------------------------------------------------------------------- Other liabilities 141 573 147 934 98 870 ---------------------------------------------------------------------------- Subordinated loans 127 568 126 652 131 070 ---------------------------------------------------------------------------- Total liabilities 6 771 838 6 569 225 5 636 646 ---------------------------------------------------------------------------- Equity 598 734 556 365 453 888 ---------------------------------------------------------------------------- Minority interest 7 394 7 937 7 009 ---------------------------------------------------------------------------- Total liabilities and equity 7 370 572 7 125 590 6 090 534 The first quarter was positively characterised by the higher-than-planned increase in the loan portfolio volume and interest income. Even though client activity generally remained low, as is characteristic of the beginning of the year, some products saw record levels of use. The quality of the loan portfolio has remained stronger than expected; discounts were made proactively, considering the macroeconomic scenarios. The number of LHV Pank clients increased by 10,500 over the quarter. Client activity in terms of the use of settlements and bank cards was lower compared to the previous quarter, but high in terms of home loans and micro loans granted to companies, for example. At that, against the backdrop of active refinancing of home loans, March was a record month for the LHV home loan. The portfolio of retail loans increased by EUR 30 million over the quarter. The volume of corporate loans granted by LHV Pank increased by EUR 37 million in Q1. The demand for loans is increasing. The general focus of the bank is still on raising deposits. Among other things, LHV Pank introduced a new savings product for its clients - the LHV Savings Account - which enables 2% interest to be generated on funds while leaving said funds immediately accessible. The deposits of standard clients of LHV Pank increased by EUR 121 million over the quarter, the deposits of financial intermediaries increased by EUR 38 million, while deposits raised from platforms decreased by EUR 23 million. Demand deposits increased by EUR 37 million, while fixed-term deposits increased by EUR 100 million. Over the quarter, the possibility to unblock a PIN was added to the LHV mobile app, and the possibility to automatically transfer regular investments to the tax declaration was added to the Internet bank. At the end of the quarter, LHV added a special offer on banking services for teachers to its selection. During the quarter, LHV was recognised as the bank with the best service in Estonia by the survey company Dive, and as the best employer in Estonia by CV-Online. LHV Bank, which operates in the United Kingdom, is now independently financed, having paid back the EUR 66 million loan to its sister bank. LHV Bank also successfully launched the raising of deposits on a third platform - Hargreaves Lansdown. Right now, deposits from over 4,000 depositors have been raised. LHV Bank focuses on growing its loan portfolio through a network of brokers and doubling its number of loan managers in the first half of the year. By the end of March, the loan portfolio had increased to EUR 95 million, and the credit committee had approved an additional EUR 79 million worth of loans which had not yet been issued. The development of retail banking, together with a new website and mobile bank, is also in the works. Over the quarter, financial intermediary clients showed activity: the volumes of payments of the segment were at a record high. The result of LHV Varahaldus was affected by a EUR 4.9 million dividend payment to the parent company, accompanied by a tax expense of EUR 800 thousand. The volume of funds and the net profit are slightly ahead of the plan, primarily due to the good rate of return and financial revenue of larger funds. The number of active clients of Varahaldus decreased a little over the quarter, to around 120 thousand clients. 4,300 clients declared their wish to increase their II pension pillar contributions. In the context of a very strong quarter for stock markets, the quarterly ROE of LHV pension funds M, L, and XL amounted to 1.5%, 2.9%, and 2.9%, respectively. The more conservative funds XS and S had a rate of return of 1.5% and 1.6%, respectively. Pensionifond Indeks increased by 8.7% over the quarter; Pensionifond Roheline decreased by 5.3%. LHV Kindlustus continued on an optimal course of growth. As at the end of the quarter, LHV Kindlustus protects a total of 164 thousand clients, who have concluded a total of 233 thousand contracts. The sales volumes of Kindlustus increased by 32% over the quarter. Gross premiums in Q1 increased by 40% year- on-year. At the same time, the number of loss events has also increased, which is normal with the increase of the portfolio. 22,800 new loss events were registered, and 22,400 events were closed. In Q1, the asset quality review conducted by the European Central Bank was completed, and LHV passed it successfully. The annual general meeting of shareholders in March decided to pay a record dividend of 13 cents per share to shareholders for the previous year. The dividends were paid on 12 April. In terms of net profit and in a summary of 3, LHV Group was ahead of the financial plan published in February by EUR 7.8 million. The financial plan stands. Comment by Madis Toomsalu, Chairman of the Management Board at LHV Group: "For LHV, it was a busy and strong quarter. The Estonian economy needs investments to restore its growth, and with the increase in loan volumes, we were able to make a moderate contribution here. In addition to corporate loans, home loans also increased strongly, as did the volume of loans decided in LHV Bank in England. At that, the loan quality of subsidiaries of the Group has remained at a good level. During the quarter, the results of the extensive asset quality review conducted by the European Central Bank were also published, and these showed LHV's good capitalisation. Our focus is still on growing business volumes and increasing client activity." AS LHV Group's reports are available at: https://investor.lhv.ee/en/reports (https://investor.lhv.ee/en/reports/). In order to introduce the financial results, LHV Group will be organising an investor meeting via the Zoom webinar environment. The virtual investor meeting will take place on 23 April, at 9:00, before the market opens. The presentation will be in Estonian. We kindly ask you to register at the following address: https://lhvbank.zoom.us/webinar/register/WN_alrjq24-S-2fEWnhE1LW_Q. LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. LHV employs more than 1,090 people. As at the end of March, LHV's banking services are being used by 428,000 clients, the pension funds managed by LHV have 120,000 active clients, and LHV Kindlustus protects a total of 164,000 clients. LHV Bank, a subsidiary of LHV Group, holds a banking licence in the UK and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises. Priit Rum Communications Manager Phone: +372 502 0786 Email: priit.rum@lhv.ee (mailto:priit.rum@lhv.ee)