Börsiteade
AS LHV Group
LEI kood
529900JG015JC10LED24
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Sektor(id)
Krediidiasutus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Muud korporatiivtoimingud
Teate ID
8322
Manused
Esitamise kuupäev ja aeg
22.10.2020 08:00:00
Teate sisu eesti keeles
Pealkiri
LHV Groupi uuendas 2020. aasta finantsplaani
Teade
Seoses koroonakriisi prognoositust leebemate mõjudega edestavad LHV Groupi
finantstulemused prognoositut ja seetõttu avalikustab AS LHV Group uuendatud
finantsplaani käesolevaks aastaks. Võrreldes aprillist kehtiva plaaniga on
suurendatud nii prognoositavaid tulusid kui ka ärimahte, samas vähendatud
allahindluste osa, sellest tulenevalt on tõstetud kasumiprognoosi ja
efektiivsusnäitajaid.
Uuendatud finantsplaani järgi kasvavad LHV Groupi konsolideeritud tulud tänavu
29%, kulud 11% ja laenude allahindlus 3,7 korda. Konsolideeritud puhaskasum
kasvab võrdluses eelmise aastaga 5,5 miljoni euro võrra ehk 20%. Laenuportfelli
kvaliteet on oluliselt parem võrreldes kevadise plaaniga. Seni kehtinud
finantsplaan nägi ette märksa suuremaid allahindlusi ja seetõttu aastases
võrdluses kasumi vähenemist.
Võrdlus
Võtmenäitajad Uus FP Aastane Varasem FP varasema
2020 2019 muutus 2020 plaaniga
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Finantstulemused, tuh
eurot
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Tulud kokku 95 395 73 818 21 577 87 316 8079
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Kulud kokku 43 749 39 266 4483 44 773 -1024
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Laenude allahindlus 11 950 3 209 8740 19 357 -7408
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Maksude eelne kasum 39 697 31 342 8354 23 185 16 512
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Puhaskasum 32 611 27 092 5519 19 231 13 380
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Ärimahud, mln eurot
-------------------------------------------------------------------------------
Laenud 2 227 1 687 540 1 806 421
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Hoiused 3 301 2 701 600 2 985 316
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Fondide maht 1 531 1 374 157 1 454 78
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Suhtarvud
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Kulu/tulu 45,9% 53,2% -7,3% 51,3% -5,4%
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ROE (maksueelne) 16,6% 16,2% 0,4% 10,2% 6,4%
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Kogu kapitali
adekvaatsus 17,3% 18,0% -0,6% 17,6% -0,2%
-------------------------------------------------------------------------------
Uuendatud finantsplaan võtab arvesse ka Danske Banki äri- ja kohalike
omavalitsuste laenuportfelli ostu mõju ja seega prognoosib LHV ärimahtude osas
tänavuseks laenuportfelli kasvuks 32% ja hoiuste kasvuks 22%. Hallatud fondide
maht kasvab uuendatud plaani järgi tänavu 11%.
Võrreldes koroonakriisi tipus avalikustatud finantsplaaniga teenib grupp
puhaskasumit tänavu 70% rohkem, ulatudes 32,6 miljoni euroni. Sellest on 9 kuuga
teenitud 21,8 miljonit. Samas ei ole Finantsplaanis prognoositud Varahalduse
võimalikku edukustasu.
Uuendatud plaanis on paranenud ka ettevõtte kulu/tulu suhe ja omakapitali
tootlus, kuivõrd ärimahtude suurenemine kasvatab tulusi, samal ajal kui kulud on
varasema plaaniga võrreldes veidi vähenenud. LHV kapitaliseeritus ja likviidsus
on endiselt tugeval tasemel.
LHV Groupi juhataja Madis Toomsalu kommentaar:
?LHV-l saab minna ainult nii hästi, kui meie klientidel. Majandussektorite kaupa
on pilt erinev, kuid majandusel tervikuna on läinud prognoositust paremini.
Oleme jätkanud kliente toetavate otsustega ning kohaliku ja avatud
krediidipoliitikaga. Seeläbi on meie laenuportfell jätkanud kasvu ka kriisi ajal
ning laenude allahindlused püsinud prognoositust oluliselt madalamad. Uuendatud
prognoos võtab arvesse Danske portfelli soetamisest lisanduvaid intressitulusid
oktoobri algusest. Prognoosis on eeldatud LHV Panga ja LHV Kindlustuse
kapitaliseerimist käesoleva aasta jooksul. LHV Varahalduse puhul on arvestatud
jooksvate tuludega, võimalik edukustasu lisanduks prognoosiväliselt, kuivõrd
edukustasu aluseks olevate sisendite prognoosimine on suure veamääraga. Eesti
äri kasvu kõrval keskendume järjest enam Ühendkuningriigi klientidega seotud äri
kasvatamisele, grupi prognoositavast 2020. aasta kasumist summas 32,6 miljonit
eurot moodustab see kokku 4,8 miljonit eurot."
LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV
Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab üle
490 inimese. LHV pangateenuseid kasutab üle 235 000 kliendi ja LHV hallatavatel
pensionifondidel on üle 183 000 aktiivse kliendi. LHV Ühendkuningriigi filiaal
pakub panganduse taristut enam kui 130 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])
Teate sisu inglise keeles
Pealkiri
LHV Group updated its financial plan for 2020
Teade
In relation to the milder than estimated effects of the coronavirus crisis, LHV
Group's financial results exceed what was forecast previously, which is why AS
LHV Group is publishing an updated financial plan for the current year. Compared
to the plan that has been in force since April, both forecast revenues and
business volumes have increased; at the same time, impairment losses have
decreased - therefore, the profit forecast and efficiency indicators have been
raised.
Pursuant to the updated financial plan, this year, the consolidated revenues of
LHV Group will increase by 29%, expenses by 11%, and the impairment losses on
loans by 3.7 times. In comparison to the previous year, consolidated net profit
will grow by EUR 5.5 million, i.e., 20%. The quality of the loan portfolio is
significantly better, compared to the spring-plan. The financial plan that was
in effect so far foresaw significantly higher discounts and thereby, a decrease
in revenue in the year-on-year comparison.
Updated 2019 Change Previous Change compared to
Key indicators FP 2020 results YoY FP 2020 previous plan
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Financial results, EURt
-------------------------------------------------------------------------------
Total revenue 95,395 73,818 21,577 87,316 8,079
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Total expenses 43,749 39,266 4,483 44,773 -1,024
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Impairment losses on
loans 11,950 3,209 8,740 19,357 -7,408
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Earnings before taxes 39,697 31,342 8,354 23,185 16,512
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Net profit 32,611 27,092 5,519 19,231 13,380
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Business volumes, EURm
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Loans 2,227 1,687 540 1,806 421
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Deposits 3,301 2,701 600 2,985 316
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Assets under management 1,531 1,374 157 1,454 78
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Key ratios
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Cost / Income ratio 45.9% 53.2% -7.3% 51.3% -5.4%
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ROE (pre tax) 16.6% 16.2% 0.4% 10.2% 6.4%
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Capital adequacy 17.3% 18.0% -0.6% 17.6% -0.2%
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The updated financial plan also considers the effect of the purchase of the
Danske Bank corporate and municipal loan portfolio, and therefore, regarding LHV
business volumes, estimates the loan portfolio to grow by 32% this year, and
deposits to grow by 22%. Pursuant to the updated plan, the volume of managed
funds will increase by 11% this year.
Compared to the financial plan disclosed at the peak of coronavirus crisis, the
Group will earn 70% more in net profit this year, reaching EUR 32.6 million. Of
this, EUR 21.8 million has been earned in the first 9 months. At the same time,
the financial plan has not estimated the potential of a success fee by asset
management.
In the updated plan, the company's cost/income ratio and the return on equity
have improved as the growth of business volumes increase revenues; at the same
time, expenses have slightly gone down compared to the previous plan. LHV's
capitalisation and liquidity are still at a strong level.
Comment by Madis Toomsalu, CEO of LHV Group:
"LHV can only be as successful as our clients. In terms of economic sectors, the
situation is different, but the economy as a whole has fared better than what
was initially forecast. We have continued with decisions that support our
clients and with our local and open credit policy. Through this, our loan
portfolio has continued to grow during the crisis as well, and loan discounts
have remained significantly lower than what was forecast. The updated forecast
takes into account the interest revenues added by the purchase of the Danske
portfolio from the beginning of October. The forecast has estimated the
capitalisation of LHV Pank and LHV Kindlustus during the current year. In the
case of LHV Varahaldus, operating revenues have been taken into account; a
potential success fee would be added outside of the forecast, since estimating
the inputs that are the basis for the success fee has a high error rate. Besides
business in Estonia, we are increasingly focusing on growing the business
related to clients in the United Kingdom; from the estimated profit of the Group
in 2020 in the amount of EUR 32.6 million, this constitutes EUR 4.8 million in
total."
LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV
employs over 490 people. LHV's banking services are used by more than 235,000
clients, and pension funds managed by LHV have more than 183,000 active clients.
LHV's UK branch offers banking infrastructure to 130 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])