Asset management company your marriage net turnover decreased in the third quarter of the year from the comparison period to 24.5 million euros. In July–September last year, it was 25.9 million euros.
The analysis house that follows the company Inderes expects the net turnover to have risen to 26.3 million euros.
Evli’s operating profit was 10.5 million euros in the third quarter, compared to 10.2 million euros in the comparison period. Inderes expected an operating profit of 12.1 million euros.
Diluted earnings per share were EUR 0.27, compared to EUR 0.28 in the comparison period. Inderes’ forecast was 0.33 euros.
Evli kept the outlook for 2024 unchanged. In the second quarter results report, Evli said that “the operating environment is estimated to continue to be uncertain and difficult to predict in 2024”. Evli commented at the time that “the expansion of geopolitical risks, inflation and interest rate fears, and concern about the sustainability of economic growth increase uncertainty in the market.”
In January–September, Evli’s return on equity was 35.8 percent, while in the comparison period it was 22.8 percent.
At the end of September, managed customer assets were EUR 18.7 billion net. A year ago, at the end of September, managed customer assets were 17.1 billion euros. Without the associated company, the managed assets were 16.4 billion euros, while in the comparison period they were 14.7 billion euros.
“In the third quarter, capital market returns were positive in all main markets and in Finland. The returns on fixed-income investments were strong across the board in all fixed-income asset classes, and the returns on shares were generally reasonable or good as well,” CEO Maunu Lehtimäki says in the results release.
“In the real estate market, the drop in prices would seem to have leveled off with the drop in interest rates, but the actual recovery requires an improvement in vacancy rates and an increase in transaction activity. There were no significant changes in the valuations of capital investments during the quarter,” he continues.