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Friday, 21 April 2017

Evli Bank Plc renews its financial reporting

Evli Pankki Oyj    

Published: 14:00 CEST 21-04-2017 /GlobeNewswire /Source: Evli Pankki Oyj / : EVLI /ISIN: FI4000170915

Evli Bank Plc renews its financial reporting

EVLI BANK PLC STOCK EXCHANGE RELEASE APRIL 21, 2017, AT 3.00 PM

Evli Bank Plc renews its financial reporting

Evli Bank Plc will alter its financial reporting as of the first quarter 2017. The alteration is due to the renewal of the organizational structure, announced on 24 January 2017. The purpose of the change is to enhance customer centricity even further and respond to the development trends of the business environment and the changing regulation.

As a consequence of the organizational change, Evli will have two business areas; Wealth Management and Investor Clients and Advisory and Corporate Clients. These are supported by the Group Operations, which include banking services, as well as Evli's own balance sheet investments. The result for the first quarter of 2017 will be reported in accordance with these business areas.

The first Interim report based on the new reporting structure for the period January-March 2017 will be published on 24 April 2017.

Comparison data of the new financial reporting for the year 2016 is presented below.

2016
SEGMENT INCOME STATEMENT, M€

Wealth Management & Investor Clients
1-12/ 2016

Advisory & Corporate Clients
1-12/ 2016

Group operations
1-12/ 2016

Unallocated

1-12/ 2016

Group

1-12/ 2016

REVENUE

 

 

 

 

 

Net interest

0.0

0.0

1.6

0.0

1.6

Net commissions

46.3

7.8

-0.1

0.3

54.3

Trading and FX result

0.8

0.0

2.8

0.4

4.0

Other operative income

0.0

0.0

0.1

0.0

0.1

External sales

47.2

7.9

4.3

0.7

60.0

Inter-segment sales

-0.1

0.0

0.1

0.0

0.0

Total revenue

47.1

7.8

4.4

0.7

60.0

RESULT

 

 

 

 

 

Segment operating expenses

-30.2

-6.0

-9.2

-0.4

-45.8

Business units operating profit before depreciations and Group allocations

16.9

1.9

-4.8

0.3

14.2

Depreciations

-1.5

-0.6

-0.7

-0.4

-3.1

Business units operating profit before Group allocations

15.4

1.3

-5.5

-0.1

11.1

Allocated corporate expenses

-8.5

0.0

8.5

0.0

0.0

Operating profit including Group allocations

6.9

1.3

3.1

-0.1

11.1

Share of profits (losses) of associates

 

 

 

1.1

1.1

Income taxes

 

 

 

-2.4

-2.4

Segment profit/loss after taxes

6.9

1.3

3.1

-1.5

9.7

 

EVLI BANK PLC

 

For additional information, please contact:
Juho Mikola, CFO, Evli Bank Plc, tel. +358 (0)9 4766 9871 or +358 (0)40 717 8888, juho.mikola@evli.com

 

Evli Bank Plc in brief

Evli Bank Plc is a Finnish private bank specializing in investment. Evli's clients are present and future high net worth private individuals, companies, and institutions including insurance companies, pension funds, organizations and municipal authorities. Evli offers asset management services, various services related to the capital markets, alternative investment products, investment research, advisory services related to mergers and acquisitions as well as administration of incentive programs. The company also offers a comprehensive selection of funds, and banking services that support clients' investment activities.

 

Distribution: Nasdaq Helsinki Ltd, main media, www.evli.com

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Evli Pankki Oyj, Aleksanterinkatu 19A, Helsinki 00100, Finland
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