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
6787
Manused
Esitamise kuupäev ja aeg
24.07.2018 08:00:00
Teate sisu eesti keeles
Pealkiri
LHV Groupi 2018. aasta II kvartali ja 6 kuu auditeerimata majandustulemused
Teade
2018. aasta teises kvartalis teenis AS LHV Group konsolideeritult 10,0 miljonit eurot puhaskasumit: panga kasumiks kujunes 5,2 miljonit eurot ja varahalduse kasumiks 2,1 miljonit eurot. Lisaks teenis LHV erakorraliselt UAB Mokilizingas müügist 2,9 miljonit eurot kasumit. Laenude allahindluseid tehti II kvartalis mahus 1,6 miljonit eurot ning uue tegurina mõjutas kasumit avansiline tulumaks, mille kogumõju teises kvartalis oli 0,6 miljonit eurot. LHV aktsionäridele kuuluva omakapitali tootlus oli teises kvartalis 27,7%. Võrreldes I kvartaliga kasvas konsolideerimisgrupi kasum II kvartalis 5,8 miljoni euro võrra ning võrreldes aasta taguse ajaga 5,2 miljoni euro võrra. Grupi konsolideeritud laenuportfell suurenes kvartaliga 11 miljoni euro võrra (+1%; +34 miljonit eurot I kvartalis) 777 miljoni euroni, samal ajal kui konsolideeritud hoiused vähenesid 183 miljoni euro võrra (-11%; +188 miljonit eurot I kvartalis) 1542 miljoni euroni. Sealjuures vähenesid maksevahendajatega seotud hoiused 262 miljoni euro võrra. LHV juhitud fondide koondmaht kasvas kvartaliga 40 miljoni euro võrra (+4%; +24 miljonit eurot I kvartalis) 1167 miljoni euroni. AS-i LHV Group 2018. aasta esimese 6 kuu konsolideeritud puhaskasumiks kujunes 14,3 miljonit eurot. Pank teenis sellest 8,8 miljonit eurot ja varahaldus 2,8 miljonit eurot. Esimese poolaasta kasum oli 4,4 miljonit eurot suurem kui möödunud aastal. LHV Groupi juhataja Madis Toomsalu kommentaar: "Meie teise kvartali olulisemad märksõnad olid rekordiline panga kliendibaasi kasv, Leedu äriüksuse Mokilizingas müük, märkimisväärne tulu institutsionaalsest pangandusest ja finantsplaani uuendamine. LHV tugevaid alustrende on toetamas Eesti majanduskeskkond. Majanduskasv on olnud hea, siseriiklikke riske maandavad tasakaalus eelarve, avaliku sektori madal võlatase ning positiivne välistasakaal. Kodumajapidamiste finantstervis on pigem tugev, hoiused on kasvanud ning tähtajaks tasumata laenude osatähtsus on turul langenud alla 1%. Võimalike riskidena saab välja tuua suure sõltuvuse väliskeskkonnast, pingelise tööjõuturu ja kodumaise kinnisvarasektori kõrge arendusmahu. Meil on hea meel, et LHV tööd on märgatud ning mainekas majandusajakiri Euromoney kuulutas meid juuli alguses Eesti parimaks pangaks. II kvartali jooksul suurenes panga klientide arv rekordiliselt ligi 6800 võrra 147 tuhande kliendini. Sõlmiti 3700 uut investeerimislepingut ja jõudsime uue rekordini kaarditehingute arvus. Kliendibaasi kasvust tingituna lisasime kvartali jooksul kaks uut sularahaautomaati: Mustamäe Keskusesse ja Laagri Selverisse. Uutest toodetest saime mai alguses valmis faktooringu, mis täiendab LHV ettevõtete panganduse pakkumist. Laenuportfelli suurenemine vastas meie ootustele, arvestades Mokilizingase müügist tingitud Leedu laenuportfelli vähenemist 28 miljoni euro võrra. Portfelli kvaliteet püsib tugev, eraldi jälgimise all on üksikud kliendid. Jättes kõrvale ootuspärase finantsvahendajate hoiuste vähenemise, kasvasid ka hoiused heas tempos. Meie pingutus finantsteenuste ekspordi suurendamisel on esimesi häid tulemusi näitamas. Finantsvahendajate ehk Ühendkuningriigi suunal oleme tegelemas meeskonda vajalike inimeste otsimisega. Klientide huvi on väga aktiivne. Valdkonnaga seotud tulud jagunevad maksete, valuutavahetuse, kaardimaksete vahendamise, krediiditeenuste ja haldamisega seotud tasude vahel. Varahalduse hallatavate fondide maht suurenes kvartaliga 40 miljoni euro võrra. II samba aktiivsete klientide arvu vähenemine 400 võrra oli tingitud uute klientide madalamast lisandumisest, kuna II kvartalisse ei jäänud ühtegi aktiivset pensionifondide müügiperioodi. Samas lahkunud klientide hulk oli prognoositust madalam. Aprillis vähendasime LHV Varahalduse aktsiakapitali, et konsolideerimisgrupi tasandil kapitali efektiivsemalt juhtida. Kvartali jooksul viisime lõpuni Leedu tarbimiskrediidi ettevõtte Mokilizingas müügitehingu. LHV-le kuuluvate aktsiate väärtus tehingus oli 7,5 miljonit eurot ja teenisime tehingult 2,9 miljonit eurot kasumit. Tehingu järel maikuus uuendatud finantsplaani kohaselt on LHV Groupi konsolideeritud puhaskasum tänavu 1,8 miljonit eurot varasemalt plaanitust suurem ja aktsionäridele kuuluv puhaskasum 2,7 miljonit eurot suurem. Samas edestame II kvartali lõpuks maikuus avaldatud finantsplaani 0,7 miljoni euro võrra. Aprillis rakendus esmakordselt 14% suurune avansiline tulumaks panga kasumile, mida igakuiselt kanname otse kuludesse. Ühtlasi toimus aprillis LHV aktsionäride koosolek, kus muude teemade seas otsustatud dividendid 16 senti aktsia kohta on tänaseks aktsionäridele välja makstud. Ühtlasi oleme grupi tasemel alustanud võlakirjaprogrammi ettevalmistamisega, et emiteerida allutatud võlakirju kasvu finantseerimiseks ning vajadusel olemasolevate võlakirjade lunastamiseks. Võlakirjad on kavas noteerida Nasdaq Tallinna Börsil." Kasumiaruanne, EURt II kv 2018 I kv 2018 6 kuud 2018 6 kuud 2017 ------------------------------------------------------------------------------- Neto intressitulu 9 408 8 999 18 407 14 443 ------------------------------------------------------------------------------- Neto teenustasutulu 7 215 5 590 12 805 10 131 ------------------------------------------------------------------------------- Neto finantstulud 335 -87 248 1 326 ------------------------------------------------------------------------------- Muud tegevustulud 3 -5 -2 -111 ------------------------------------------------------------------------------- Tulud kokku 16 961 14 497 31 458 25 789 ------------------------------------------------------------------------------- Personalikulu -3 938 -3 746 -7 684 -6 421 ------------------------------------------------------------------------------- Kontorikulud -193 -200 -393 -377 ------------------------------------------------------------------------------- IT kulud -507 -500 -1 007 -788 ------------------------------------------------------------------------------- Turunduskulud -385 -517 -902 -1 603 ------------------------------------------------------------------------------- Muud tegevuskulud -2 751 -2 703 -5 454 -4 251 ------------------------------------------------------------------------------- Kulud kokku -7 774 -7 666 -15 440 -13 440 ------------------------------------------------------------------------------- Ärikasum 9 187 6 831 16 018 12 349 ------------------------------------------------------------------------------- Kasum enne allahindlusi 9 187 6 831 16 018 12 349 ------------------------------------------------------------------------------- Laenude allahindlus -1 596 -882 -2 478 -1 952 ------------------------------------------------------------------------------- Tulumaksukulu -631 -1 938 -2 569 -951 ------------------------------------------------------------------------------- Aruandeperioodi puhaskasum jätkuvatelt tegevustelt 6 960 4 011 10 971 9 446 ------------------------------------------------------------------------------- Kasum/-kahjum lõpetatud tegevustelt 3080 244 3324 483 ------------------------------------------------------------------------------- Puhaskasum 10 040 4 255 14 295 9 929 ------------------------------------------------------------------------------- Vähemusosaluse osa 515 306 821 1 039 ------------------------------------------------------------------------------- Emaettevõtte aktsionäride osa kasumist 9 525 3 949 13 474 8 890 ------------------------------------------------------------------------------- Bilanss, EURt juuni.18 märts.18 juuni.17 --------------------------------------------------------------------- Raha ja raha ekvivalendid 879 204 1 071 822 488 630 --------------------------------------------------------------------- Finantsvarad 54 084 57 091 60 676 --------------------------------------------------------------------- Laenud klientidele 785 663 774 760 613 366 --------------------------------------------------------------------- Laenude allahindlus -9 116 -9 111 -7 314 --------------------------------------------------------------------- Nõuded klientide vastu 6 495 12 250 4 352 --------------------------------------------------------------------- Muud varad 23 450 24 028 11 551 --------------------------------------------------------------------- Varad kokku 1 739 780 1 930 839 1 171 261 --------------------------------------------------------------------- Nõudmiseni hoiused 1 427 569 1 598 606 868 348 --------------------------------------------------------------------- Tähtajalised hoiused 115 212 126 749 139 706 --------------------------------------------------------------------- Saadud laenud 6 000 6 018 190 --------------------------------------------------------------------- Võlgnevused klientidele 1 548 781 1 731 373 1 008 244 --------------------------------------------------------------------- Muud kohustused 16 660 26 796 17 749 --------------------------------------------------------------------- Allutatud laenud 30 900 30 900 30 900 --------------------------------------------------------------------- Kohustused kokku 1 596 341 1 789 069 1 056 893 --------------------------------------------------------------------- Omakapital 143 439 141 770 114 368 --------------------------------------------------------------------- sh vähemusosaluse osa 2 992 7 027 6 358 --------------------------------------------------------------------- Kohustused ja omakapital kokku 1 739 780 1 930 839 1 171 261 --------------------------------------------------------------------- * Tabelites on võrdlusandmetest eraldatud lõpetatud tegevuse tulud ja kulud. Lõpetatud tegevusi arvesse võtvad andmed on leitavad LHV faktiraamatus. AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/et/aruanded. LHV korraldab majandustulemuste tutvustamiseks investorkohtumise, mis leiab aset 24. juulil algusega kell 18 LHV Tallinna kliendikontoris (Tartu mnt 2, I korrus). Osalemiseks palume registreeruda aadressil https://fp.lhv.ee/academy/507. 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 ligi 147 000 klienti. LHV hallatavatel pensionifondidel on ligi 178 000 aktiivset klienti. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected]) Manused * LHVGroup 2018-Q2 Investoresitlus EST (https://prlibrary- eu.nasdaq.com/Resource/Download/1a86c0ab-45f1-41ea-a3f6-eeafb0b46a0e) * LHV Group vaheaaruanne 2018-Q2 (https://prlibrary- eu.nasdaq.com/Resource/Download/e7926074-7ba1-4167-ab87-b80a0929421a) * Faktiraamat EST 2018-Q2 (https://prlibrary- eu.nasdaq.com/Resource/Download/ac0e56f1-a09c-4649-94fc-b66e3bf9e7ea)
Teate sisu inglise keeles
Pealkiri
LHV Group's second quarter and 6 months of 2018 unaudited financial results
Teade
In Q2 of 2018, AS LHV Group earned a consolidated net profit of EUR 10.0 million: the bank's profit amounted to EUR 5.2 million and asset management's profit to EUR 2.1 million. Additionally, LHV earned an extraordinary EUR 2.9 million profit from the sale of UAB Mokilizingas. Loan impairments were made in the amount of EUR 1.6 million and as a new factor the profit was influenced by the advance income tax, with a total impact of EUR 0.6 million in the second quarter. The return on equity belonging to LHV's shareholders was 27.7% in Q2 of 2018. Compared to Q1 of 2018 the group's profit increased by EUR 5.8 million, and by EUR 5.2 million when compared to Q2 of the previous year. The group's consolidated loan portfolio grew by EUR 11 million (+1%; +EUR 34 million in Q1) and reached EUR 777 million. The consolidated deposits decreased by EUR 183 million (-11%; +EUR 188 million in Q1) reaching EUR 1,542 million. At the same time, the deposits related to payment intermediaries decreased by EUR 262 million. During the quarter the volume of funds managed by LHV rose by EUR 40 million (+4%; +EUR 24 million in Q1) and reached EUR 1,167 million. AS LHV Group posted a consolidated profit of EUR 14.3 million for the first six months of 2018. The bank earned a profit of EUR 8.8 million and asset management EUR 2.8 million. The half-year profit was EUR 4.4 million higher than for the same period last year. Comments by Madis Toomsalu, CEO of LHV Group: "The most important keywords of the second quarter were the record-breaking growth of the bank's client base, the sale of Mokilizingas, the significant revenue from institutional banking and updating the financial plan. LHV's strong base trends are also supported by the Estonian business environment. The economic growth has been solid and the internal policy risks are managed by the balanced budget, low public sector debt and positive foreign balance. The financial health of households is on the strong side; deposits are growing. The share of overdue loans on the market has fallen below 1%. The main risks that can be pointed out are significant dependence on the external environment, tenseness in the labormarket and the high development volume of the domestic real estate sector. We are delighted that the work of LHV has been recognised and in the beginning of July, the esteemed business magazine Euromoney named LHV Bank the best bank in Estonia. During the second quarter, the number of the bank's clients increased by record-breaking 6,800. During Q2 the total number of banking clients reached 147 thousand. More than 3,700 investment agreements were concluded and another significant milestone was reached in the number of card transactions. Due to the growth of our client base, we added two new ATMs: to Mustamäe Keskus and Laagri Selver. As for our new products, in May we were ready to start with factoring, which serves as a supplement to the corporate banking services offered by LHV. The growth of the loan portfolio was in line with our expectations, given the EUR 28 million decrease in the Lithuanian loan portfolio due to the sale of Mokilizingas. The credit portfolio remains strong, with just a few clients under special supervision. If the expected decline in the deposits of financial intermediaries is disregarded, deposits also grew at a good rate. We can say that efforts in growing the export of financial services are yielding their first good results. In the direction of financial intermediaries in the United Kingdom, we are engaged in finding the right people to join our team. Clients are very actively interested. Revenues related to the field are divided between fees related to payments, currency exchange, intermediation of card payments, credit services and management. The total volume of funds managed by LHV asset management grew by EUR 40 million over the quarter. The decrease in active pension clients number by 400 was due to the fact that fewer new clients were added, as there were no active sales periods in Q2. In April the share capital of LHV Varahaldus was decreased due to the more efficient management of capital at the level of the consolidation group. During the quarter, the sales transaction of the Lithuanian consumer credit company Mokilizingas was finalised. The value of LHV's shares in the transaction was EUR 7.5 million and the profit earned from the transaction EUR 2.9 million. According to the financial plan updated following the transaction, the consolidated net profit of LHV Group this year is EUR 1.8 million higher than initially planned and the net profit belonging to the shareholders is EUR 2.7 million higher. Consequently, by the end of Q2 we surpassed the financial plan published in May by EUR 0.7 million. In April, the 14-percent advance income tax was first applied to the bank's revenue, which will be directly accounted under expenses on a monthly basis. Also, LHV's shareholders' meeting was held in April, and the decision to pay dividends to shareholders in the sum of 16 cent per share has by now been executed. We have also started preparations for the bonds programme at the group level in order to use bonds issued within its framework to finance growth and, if needed, the redemption of previously issued bonds. The bonds will be listed on the NASDAQ Tallinn Stock Exchange." Income statement, EUR t Q2-2018 Q1-2018 6 months 2018 6 months 2017 ------------------------------------------------------------------------------- Net interest income 9 408 8 999 18 407 14 443 ------------------------------------------------------------------------------- Net fee and commission income 7 215 5 590 12 805 10 131 ------------------------------------------------------------------------------- Net gains from financial assets 335 -87 248 1 326 ------------------------------------------------------------------------------- Other income 3 -5 -2 -111 ------------------------------------------------------------------------------- Total revenue 16 961 14 497 31 458 25 789 ------------------------------------------------------------------------------- Staff costs -3 938 -3 746 -7 684 -6 421 ------------------------------------------------------------------------------- Office rent and expenses -193 -200 -393 -377 ------------------------------------------------------------------------------- IT expenses -507 -500 -1 007 -788 ------------------------------------------------------------------------------- Marketing expenses -385 -517 -902 -1 603 ------------------------------------------------------------------------------- Other operating expenses -2 751 -2 703 -5 454 -4 251 ------------------------------------------------------------------------------- Total operating expenses -7 774 -7 666 -15 440 -13 440 ------------------------------------------------------------------------------- EBIT 9 187 6 831 16 018 12 349 ------------------------------------------------------------------------------- Earnings before impairment losses 9 187 6 831 16 018 12 349 ------------------------------------------------------------------------------- Impairment losses on loans and advances -1 596 -882 -2 478 -1 952 ------------------------------------------------------------------------------- Income tax -631 -1 938 -2 569 -951 ------------------------------------------------------------------------------- Net profit for the reporting period from continued operations 6 960 4 011 10 971 9 446 ------------------------------------------------------------------------------- Profit/-loss from discontinued operations 3080 244 3324 483 ------------------------------------------------------------------------------- Net profit 10 040 4 255 14 295 9 929 ------------------------------------------------------------------------------- Profit attributable to non- controlling interest 515 306 821 1 039 ------------------------------------------------------------------------------- Profit attributable to share holders of the parent 9 525 3 949 13 474 8 890 ------------------------------------------------------------------------------- Balance sheet, EURt June 2018 March 2018 June 2017 ----------------------------------------------------------------------------- Cash and cash equivalents 879 204 1 071 822 488 630 ----------------------------------------------------------------------------- Financial assets 54 084 57 091 60 676 ----------------------------------------------------------------------------- Loans granted 785 663 774 760 613 366 ----------------------------------------------------------------------------- Loan impairments -9 116 -9 111 -7 314 ----------------------------------------------------------------------------- Receivables from customers 6 495 12 250 4 352 ----------------------------------------------------------------------------- Other assets 23 450 24 028 11 551 ----------------------------------------------------------------------------- Total assets 1 739 780 1 930 839 1 171 261 ----------------------------------------------------------------------------- Demand deposits 1 427 569 1 598 606 868 348 ----------------------------------------------------------------------------- Term deposits 115 212 126 749 139 706 ----------------------------------------------------------------------------- Loans received 6 000 6 018 190 ----------------------------------------------------------------------------- Loans received and deposits from customers 1 548 781 1 731 373 1 008 244 ----------------------------------------------------------------------------- Other liabilities 16 660 26 796 17 749 ----------------------------------------------------------------------------- Subordinated loans 30 900 30 900 30 900 ----------------------------------------------------------------------------- Total liabilities 1 596 341 1 789 069 1 056 893 ----------------------------------------------------------------------------- Equity 143 439 141 770 114 368 ----------------------------------------------------------------------------- Minority interest 2 992 7 027 6 358 ----------------------------------------------------------------------------- Total liabilities and equity 1 739 780 1 930 839 1 171 261 ----------------------------------------------------------------------------- * In the charts the proceeds and expenses of the discontinued operations have been separated. The data with discontinued operations are presented in the LHV Factbook. Reports of AS LHV Group are available at https://investor.lhv.ee/en/reports/. To present the interim results LHV will hold an investor meeting, that will take place on 24 July 2018 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/507. 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 about 147,000 customers use LHV's banking services. Pension funds managed by LHV have about 178,000 customers. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] Attachments * LHV Group Interim Report 2018-Q2 (https://prlibrary- eu.nasdaq.com/Resource/Download/6a9cd01c-d95e-4773-b809-7a3565d584be) * Factbook ENG 2018-Q2 (https://prlibrary- eu.nasdaq.com/Resource/Download/7dc72bcd-1309-46ba-a60e-f1f8d3cfd180) * LHVGroup 2018-Q2 Investor Presentation (https://prlibrary- eu.nasdaq.com/Resource/Download/19c6a164-2f95-4864-ac8b-9540ce540883)