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
5920
Manused
Esitamise kuupäev ja aeg
07.02.2017 08:00:00
Teate sisu eesti keeles
Pealkiri
LHV Groupi 2016. aasta IV kvartali ja 12 kuu auditeerimata majandustulemused
Teade
LHV teenis aastaga 19,9 miljonit eurot kasumit
AS LHV Group teenis 2016. aasta neljandas kvartalis 5,7 miljonit eurot
konsolideeritud puhaskasumit: pank teenis sellest 3,2 miljonit eurot,
varahalduse kasum oli 1,8 miljonit eurot ja Leedu äriüksuse kasum 1,0 miljonit
eurot.
Grupi neljanda kvartali kasum oli 0,1 miljoni euro võrra väiksem kui kolmandas
kvartalis ning 2,5 miljonit eurot suurem kui aasta varem. LHV omakapitali
tootlus oli neljandas kvartalis 19,6%.
LHV Groupi konsolideeritud laenuportfell kasvas kvartaliga 60 miljoni euro
võrra (+13%; +9 miljonit eurot III kvartalis) 538 miljoni euroni.
Konsolideeritud hoiused kasvasid 36 miljonit eurot (+5%; +69 miljonit eurot III
kvartalis) ja ulatusid 777 miljoni euroni. LHV poolt juhitud fondide maht
kasvas kvartaliga 37 miljoni euro võrra (+4%; +46 miljonit eurot III kvartalis)
974 miljoni euroni.
LHV 2016. aasta puhaskasum oli 19,9 miljonit eurot. See on 5,1 miljonit eurot
rohkem kui 2015. aastal ja annab LHV aktsionäridele kuuluva omakapitali
aastaseks tootluseks 20,7%. Panga aastakasum ulatus 13,2 miljoni euroni,
varahalduse kasum 6,1 miljoni euroni ja Leedu äriüksuse kasum 1,9 miljoni
euroni. Ärimahtude kasvu osas kasvasid konsolideeritud laenud aastaga 31%,
klientide hoiused 26% ning hallatavate fondide maht 71%.
AS-i LHV Group juhataja Madis Toomsalu sõnul õnnestus aasta viimane kvartal
LHV-l väga hästi. "Kogu aasta tulemust ja kasumit toetas klientide kõrge
aktiivsus, tugev krediidikvaliteet ja lisandunud tulud seoses Danske Capitali
omandamisega. Saavutame edu tänu LHV-s töötavatele pühendunud,
professionaalsetele ja tulevikku vaatavatele inimestele. On suur rõõm et
hiljuti läbi viidud personali rahulolu-uuringu tulemus oli läbi aegade kõrgeim.
LHV Panga kvartalikasumit vähendas 0,5 miljoni euro võrra võlakirjaportfelli
väärtuse vähenemine. Teisalt avaldas panga tulemustele suurt mõju tugev
klientide aktiivsus ning rekordiline laenuportfelli kasv. Panga klientide
koguarv ületas kvartali lõpuks 112 000.
Laenudest kasvasid enim ettevõtluslaenud ning kogu portfelli krediidikvaliteet
püsis tugevana, laenude allahindluse kulu oli IV kvartalis 0,7 miljonit eurot.
Alustasime kvartali jooksul kodulaenu pakkumisega – tegemist on tootega, mille
olemasolu kõrvaldab erakliendi peamise panga vahetusega seotud takistuse.
Klientide hoiustest kasvasid nõudmiseni hoiused ja tähtajalised hoiused
vähenesid. Hoiuste struktuuri muutus on olnud mastaapne ning hoiuste keskmine
kulu on langenud. Oma kulustruktuuriga oleme jõudnud tasemeni, mis lubab
kodulaenu väljastada headel tingimustel.
Lisaks avasime kvartali jooksul Tartus uue ja ruumikama kontori, mis hea
asukoha ja silmapaistvuse tõttu lubab oodata ka suuremat kliendipoolset
tähelepanu.
Varahalduse kasumit mõjutas Danske Capitali ostmisega seotud immateriaalse vara
osaline amortisatsioon. Amortisatsioonieelne kasum oli 2,2 miljonit eurot ehk
samal tasemel eelmise kvartaliga.
II pensionisamba aktiivsete klientide arv kasvas kvartaliga 2,9 tuhande võrra.
Pensionifondide juhtimisel välditi jätkuvalt suuremate investeerimisriskide
võtmist. Meie lipulaev LHV Pensionifond L lõpetas aasta tootluse poolest oma
kategoorias teisel kohal. Konservatiivsete fondide arvestuses sai LHV
Pensionifond S aasta kokkuvõttes kõrgeima tootluse. Alates novembrist pakub LHV
ka II ja III samba pensionifonde, mida juhitakse passiivselt, s.t nende fondide
investeeringud ei sõltu fondijuhi nägemusest finantsturgude osas. Fondide mahu
kasv tähendab seda, et 2017. aasta veebruarist kehtivad uued, keskmiselt 19%
madalamad tasumäärad.
Gruppi kuuluva Leedu äriüksuse Mokilizingase kasumit mõjutas IV kvartalis
positiivselt lootusetuks tunnistatud nõuete müük summas 0,9 miljonit eurot.
Kvartal sisaldas ka pühadega seotud laenude suuremat väljastamist.
Finantseerimisportfell kasvas kvartaliga 1 miljoni euro võrra 36 miljoni
euroni.
LHV väljavaade käesolevaks aastaks on hea. Näeme kasvuvõimalusi kõigis oma
olulisemates segmentides. Juba mõne tunni pärast avaldame ka LHV finantsplaani
2017. aastaks. Sellest aastast soovime avaldada ka LHV Groupi ja oluliste
tütarettevõtete tulemuste kuukokkuvõtteid. Esimesena avalikustame nädala pärast
jaanuari tulemused."
Kasumiaruanne, EURt IV kv III kv 12 kuud 12 kuud
2016 2016 2016 2015
--------------------------------------------------------------------------------
Neto intressitulu 8 262 7 696 29 976 23 232
--------------------------------------------------------------------------------
Neto teenustasutulu 5 847 5 375 19 186 14 665
--------------------------------------------------------------------------------
Neto finantstulud -485 449 1 309 3 330
--------------------------------------------------------------------------------
Muud tegevustulud -9 -17 86 38
--------------------------------------------------------------------------------
Tulud kokku 13 615 13 503 50 558 41 265
--------------------------------------------------------------------------------
Personalikulu -3 198 -3 048 -12 976 -10 976
--------------------------------------------------------------------------------
Kontorikulud -398 -120 -1 511 -1 334
--------------------------------------------------------------------------------
IT kulud -497 -429 -1 783 -1 369
--------------------------------------------------------------------------------
Turunduskulud -1 456 -1 315 -4 554 -3 905
--------------------------------------------------------------------------------
Muud tegevuskulud -2 279 -2 244 -8 090 -6 656
--------------------------------------------------------------------------------
Kulud kokku -7 827 -7 156 -28 914 -24 241
--------------------------------------------------------------------------------
Ärikasum 5 788 6 347 21 644 17 024
--------------------------------------------------------------------------------
Kasum enne allahindlusi 5 788 6 347 21 644 17 024
--------------------------------------------------------------------------------
Laenude allahindlus 17 -500 -1 480 -1 367
--------------------------------------------------------------------------------
Tulumaksukulu -70 -55 -270 -869
--------------------------------------------------------------------------------
Aruandeperioodi puhaskasum 5 735 5 792 19 893 14 787
jätkuvatelt tegevustelt
--------------------------------------------------------------------------------
Kasum/-kahjum lõpetatud tegevustelt 0 0 0 0
--------------------------------------------------------------------------------
Puhaskasum 5 735 5 792 19 893 14 787
--------------------------------------------------------------------------------
Vähemusosaluse osa 838 447 2 078 1 082
--------------------------------------------------------------------------------
Bilanss, EURt dets.16 sept.16 dets.15
---------------------------------------------------------
Raha ja raha ekvivalendid 306 500 315 315 230 501
---------------------------------------------------------
Finantsvarad 76 140 77 681 110 115
---------------------------------------------------------
Laenud klientidele 543 382 483 596 414 676
---------------------------------------------------------
Laenude allahindlus -5 741 -5 297 -4 681
---------------------------------------------------------
Nõuded klientide vastu 3 478 2 739 2 026
---------------------------------------------------------
Muud varad 11 687 11 852 4 487
---------------------------------------------------------
Varad kokku 935 447 885 886 757 125
---------------------------------------------------------
Nõudmiseni hoiused 624 219 578 405 432 811
---------------------------------------------------------
Tähtajalised hoiused 152 583 162 551 184 412
---------------------------------------------------------
Saadud laenud 779 832 15 538
---------------------------------------------------------
Võlgnevused klientidele 777 581 741 788 632 760
---------------------------------------------------------
Muud kohustused 19 241 11 372 20 226
---------------------------------------------------------
Allutatud laenud 30 900 30 900 30 900
---------------------------------------------------------
Kohustused kokku 827 722 784 060 683 886
---------------------------------------------------------
Omakapital 107 724 101 826 73 238
---------------------------------------------------------
sh vähemusosaluse osa 5 319 4 481 3 241
---------------------------------------------------------
Kohustused ja omakapital kokku 935 446 885 886 757 125
---------------------------------------------------------
AS-i LHV Group aruanded on saadaval aadressil:
https://investor.lhv.ee/et/aruanded/.
Tulemuste ja 2017. aasta finantsplaani tutvustamiseks korraldab LHV 7.
veebruaril kell 19.00 investorkohtumise, mis leiab aset LHV Tallinna
kliendikontoris, aadressil Tartu mnt 2 (CityPlaza hoone 1. korrusel). Osaleda
soovijatel palume kohtumisele registreeruda https://fp.lhv.ee/academy/453.
LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV
Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab
ligi 300 inimest ja LHV pangateenuseid kasutab üle 110 000 kliendi. LHV
hallatavatel pensionifondidel on 180 000 klienti.
Priit Rum
LHV kommunikatsioonijuht
Telefon: 502 0786
E-post: [email protected]
Teate sisu inglise keeles
Pealkiri
LHV Group’s 2016 fourth quarter and 12 months unaudited financial results
Teade
LHV earned a yearly net profit of EUR 19.9 million
AS LHV Group earned a consolidated profit of EUR 5.7 million in Q4 of 2016,
with the bank posting a profit of EUR 3.2 million, the profit of asset
management was EUR 1.8 million and the Lithuanian business unit EUR 1.0
million.
The group’s Q4 profit was EUR 0.1 million lower than in Q3 and EUR 2.5 million
higher than in the previous year. LHV Group’s return on equity was 19.6% in Q4.
The group’s consolidated loan portfolio rose by EUR 60 million during the
quarter (+13%; +EUR 9 million in Q3) and reached EUR 538 million. The
consolidated deposits grew by EUR 36 million (+5%; +EUR 69 million in Q3)
reaching EUR 777 million. The volume of funds managed by LHV rose by EUR 37
million during Q4 (+4%; +EUR 46 million in Q3) reaching EUR 974 million.
LHV posted a profit of EUR 19.9 million for the year 2016. That is EUR 5.1
million more than in 2015 and results in the return on equity held by LHV’s
shareholders amounting to 20.7% for the year. The bank’s yearly profit rose to
EUR 13.2 million, asset management’s profit amounted to EUR 6.1 million and the
Lithuanian business unit’s profit to EUR 1.9 million. Regarding business
volumes the yearly growth of consolidated loans was 31%, client deposits grew
26% and funds managed by LHV 71%.
Madis Toomsalu, CEO of AS LHV Group said that the last quarter of 2016 was very
good for LHV. "The year’s results and profit were supported by strong customer
activity, strong credit quality and the extraordinary revenue generated by the
acquisition of Danske Capital. Our success relies on our dedicated,
professional, visionary staff members. I am more than happy that the overall
results of the recent staff satisfaction survey were the highest on record.
The Bank's profit for Q4 was influenced by EUR 0.5 million drop in the value of
bond portfolio. On the other hand the results of the bank were influenced by
the strong customer activity and a record growth in the loan portfolio. The
total number of bank customers exceeded 112,000.
Corporate loans showed the biggest growth among loan portfolios and credit
quality remained strong overall, loan losses amounted to EUR 0.7 million in Q4.
The home loan product was launched during the quarter – a product, whose
existence eliminates the main obstacle for private customers wishing to change
their bank.
Customers’ demand deposits grew, while term deposits shrank during the quarter.
The significant change in the structure of deposits has dropped the average
expense on deposits. Our cost structure has reached a level which allows
providing the home loan product on favourable conditions.
Furthermore, we opened a new, spacious office in Tartu. Well-positioned in a
prominent location, we also expect to garner further customer attention.
Asset management’s profit was influenced by the partial depreciation of
intangible assets generated by the acquisition of Danske Capital. The profit
before depreciation was EUR 2.2 million, on par with Q3 results.
The number of active 2nd pillar pension customers grew by 2.9 thousand. We
continued to avoid major investment risks in the management of pension funds.
Our flagship - LHV Pension Fund L - ranked second in its category in terms of
yield as at the end of the year. Among conservative funds, LHV Pension Fund S
generated the highest yield for the year. From November, LHV also offers
passively managed 2nd and 3rd pillar pension funds, i.e. funds where the
investments do not depend on the fund manager's vision of the financial
markets. The volume growth of pension funds means that as of February 2017 the
management fees have been lowered, by 19% on average.
The group’s Lithuanian business unit Mokilizingas' profit for Q4 was positively
affected by the disposal of uncollectable receivables in the amount of EUR 0.9
million. Q4 also witnessed a growth in loan volumes, attributable to the
holiday season. The financing portfolio grew by EUR 1 million during the
quarter, amounting to EUR 36 million.
LHV’s outlook for the year ahead is good. Opportunities for growth are evident
in all key segments. In a few hours we will disclose LHV’s financial plan for
2017. From this year we also plan to publish LHV Group’s and important
subsidiaries’ monthly result overviews. We will begin in a week’s time with the
January results."
Income statement, EUR t Q4-201 Q3-201 12 months 12 months
6 6 2016 2015
--------------------------------------------------------------------------------
Net interest income 8 262 7 696 29 976 23 232
--------------------------------------------------------------------------------
Net fee and commission income 5 847 5 375 19 186 14 665
--------------------------------------------------------------------------------
Net gains from financial assets -485 449 1 309 3 330
--------------------------------------------------------------------------------
Other income -9 -17 86 38
--------------------------------------------------------------------------------
Total revenue 13 615 13 503 50 558 41 265
--------------------------------------------------------------------------------
Staff costs -3 198 -3 048 -12 976 -10 976
--------------------------------------------------------------------------------
Office rent and expenses -398 -120 -1 511 -1 334
--------------------------------------------------------------------------------
IT expenses -497 -429 -1 783 -1 369
--------------------------------------------------------------------------------
Marketing expenses -1 456 -1 315 -4 554 -3 905
--------------------------------------------------------------------------------
Other operating expenses -2 279 -2 244 -8 090 -6 656
--------------------------------------------------------------------------------
Total operating expenses -7 827 -7 156 -28 914 -24 241
--------------------------------------------------------------------------------
EBIT 5 788 6 347 21 644 17 024
--------------------------------------------------------------------------------
Earnings before impairment losses 5 788 6 347 21 644 17 024
--------------------------------------------------------------------------------
Impairment losses on loans and advances 17 -500 -1 480 -1 367
--------------------------------------------------------------------------------
Income tax -70 -55 -270 -869
--------------------------------------------------------------------------------
Net profit for the reporting period from 5 735 5 792 19 893 14 787
continued operations
--------------------------------------------------------------------------------
Profit/-loss from discontinued 0 0 0 0
operations
--------------------------------------------------------------------------------
Net profit 5 735 5 792 19 893 14 787
--------------------------------------------------------------------------------
Profit attributable to non-controlling 838 447 2 078 1 082
interest
--------------------------------------------------------------------------------
Balance sheet, EURt Dec 2016 Sept 16 Dec 2015
-----------------------------------------------------------------------
Cash and cash equivalents 306 500 315 315 230 501
-----------------------------------------------------------------------
Financial assets 76 140 77 681 110 115
-----------------------------------------------------------------------
Loans granted 543 382 483 596 414 676
-----------------------------------------------------------------------
Loan impairments -5 741 -5 297 -4 681
-----------------------------------------------------------------------
Receivables from customers 3 478 2 739 2 026
-----------------------------------------------------------------------
Other assets 11 687 11 852 4 487
-----------------------------------------------------------------------
Total assets 935 447 885 886 757 125
-----------------------------------------------------------------------
Demand deposits 624 219 578 405 432 811
-----------------------------------------------------------------------
Term deposits 152 583 162 551 184 412
-----------------------------------------------------------------------
Loans received 779 832 15 538
-----------------------------------------------------------------------
Loans received and deposits from customers 777 581 741 788 632 760
-----------------------------------------------------------------------
Other liabilities 19 241 11 372 20 226
-----------------------------------------------------------------------
Subordinated loans 30 900 30 900 30 900
-----------------------------------------------------------------------
Total liabilities 827 722 784 060 683 886
-----------------------------------------------------------------------
Equity 107 724 101 826 73 238
-----------------------------------------------------------------------
Minority interest 5 319 4 481 3 241
-----------------------------------------------------------------------
Total liabilities and equity 935 446 885 886 757 125
-----------------------------------------------------------------------
Reports of AS LHV Group are available at https://investor.lhv.ee/en/reports/.
To present the results and the 2017 financial plan LHV will hold an investor
meeting, that will take place on 7 February 7.00 PM in LHV Tallinn client
office, Tartu mnt 2 (CityPlaza building, 1st floor). All participants please
register at https://fp.lhv.ee/academy/453.
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 300 people and over 110,000 customers use LHV’s banking
services. Pension funds managed by LHV have 180,000 customers.
Priit Rum
Communication Manager
Phone: +372 502 0786
Email: [email protected]