2013-02-14 10:02:00 CET
2013-02-14 10:02:13 CET
REGULATED INFORMATION
Aktia Oyj - Financial Statement Release
Aktia plc: Accounts announcement January-December 2012: Operating profit improved by 26%
Helsinki, Finland, 2013-02-14 10:02 CET (GLOBE NEWSWIRE) --
Aktia plc
Financial Statement Release
14 February 2013 at 11.00 am
Aktia plc: Accounts announcement January-December 2012: Operating profit
improved by 26%
CEO Jussi Laitinen:
”The year was good for Aktia, resulting also in a strong operating profit.
Customers show an increasing interest towards Aktia's products and received
well the launch of our new online bank. Aktia's staff has performed
extraordinary well, and I am convinced that the on-going modernisation of Aktia
will improve customer service even more.
The market situation is still difficult with very low interest rates and
pressure from costs due to stricter regulation and new taxes. These factors put
demands on our cost efficiency. We will direct our efforts on our core
business, simplify the Group structure and modernise IT systems in order to be
able to lower our annual expenses.”
October-December 2012: Operating profit EUR 10.4 (6.5) million
-- Group operating profit from continuing operations rose to EUR 10.4 (6.5)
million.
-- Profit for the period amounted to EUR 6.3 (7.7) million.
-- Income increased by 18% to EUR 58.4 (49.6) million, of which net interest
income amounted to EUR 29.3 (30.3) million.
-- Expenses amounted to EUR 46.0 (39.0) million, including a provision of EUR
5.9 million for the coming change of core banking system.
-- Write-downs on credits and other commitments amounted to EUR 1.7 (4.1)
million.
-- Earnings per share stood at EUR 0.09 (0.12).
January-December 2012: Operating profit EUR 56.0 (44.6) million
-- Group operating profit from continuing operations improved to EUR 56.0
(44.6) million.
-- Profit for the period from continuing operations amounted to EUR 40.3
(34.1) million.
-- Earnings per share stood at EUR 0.74 (0.53), of which earnings per share
from continuing operations was EUR 0.59 (0.50).
-- The capital adequacy ratio strengthened to 20.2 (16.2)% and the Tier 1
capital ratio to 11.8 (10.6)%. NAV was EUR 8.91 (31.12.2011: EUR 7.01).
-- Total net interest income fell to EUR 117.3 (128.6) million due to low
interest rates and maturing interest rate hedges.
-- Write-downs on credits and other commitments decreased by 39% to EUR 6.4
(10.5) million.
-- The Board of Director's proposes a higher dividend of EUR 0.36 (0.30) in
addition to a return of capital of EUR 0.14 euro/share.
-- OUTLOOK: Despite the probably persistent low interest rate level and
one-off costs from implementing the 2015 plan of action, the Group's
operating profit from continuing operations for 2013 is expected to reach
approximately the 2012 level.
KEY FIGURES 10-12/ 10-12/ ∆ % 2012 2011 ∆ % 7-9/ 4-6/ 1-3/
(EUR 2012 2011 2012 2012 2012
million)
--------------------------------------------------------------------------------
Net interest 29.3 30.3 -3% 117.3 128.6 -9% 28.7 29.7 29.6
income
--------------------------------------------------------------------------------
Total 58.4 49.6 18% 217.9 201.9 8% 50.5 55.8 53.2
operating
income
--------------------------------------------------------------------------------
Total -46.0 -39.0 18% -154.2 -146.7 5% -34.0 -37.5 -36.7
operating
expenses
--------------------------------------------------------------------------------
Operating 12.1 10.6 14% 62.4 55.1 13% 15.2 18.8 16.2
profit
before
write downs
on credits,
continuing
operations
--------------------------------------------------------------------------------
Write-downs -1.7 -4.1 -58% -6.4 -10.5 -39% -1.8 -1.0 -1.9
on credits
and other
commitments
--------------------------------------------------------------------------------
Operating 10.4 6.5 61% 56.0 44.6 26% 13.4 17.9 14.3
profit from
continuing
operations
--------------------------------------------------------------------------------
Cost-to-inco 0.89 0.78 14% 0.74 0.73 1% 0.69 0.69 0.68
me ratio
--------------------------------------------------------------------------------
Earnings per 0.09 0.12 -20% 0.74 0.53 39% 0.15 0.21 0.29
share
(EPS), EUR
--------------------------------------------------------------------------------
Equity per 8.91 7.01 27% 8.91 7.01 27% 8.70 7.88 7.89
share
(NAV)1, EUR
--------------------------------------------------------------------------------
Return on 3.9 6.1 -36% 8.5 7.1 19% 6.4 9.7 14.1
equity
(ROE), %
--------------------------------------------------------------------------------
Capital 20.2 16.2 25% 20.2 16.2 25% 19.9 18.9 18.1
adequacy
ratio1, %
--------------------------------------------------------------------------------
Tier 1 11.8 10.6 11% 11.8 10.6 11% 11.8 11.7 11.3
capital
ratio1, %
--------------------------------------------------------------------------------
Write-downs 0.02 0.06 -67% 0.09 0.15 -40% 0.02 0.01 0.03
on credits
/ total
credit
stock, %
--------------------------------------------------------------------------------
Dividend per share, EUR 0.36* 0.30 20 %
(*proposed by the Board)
--------------------------------------------------------------------------------
Return of capital per share, 0.14* - -
EUR (*proposed by the
Board)
--------------------------------------------------------------------------------
1) At the end of the period
The Accounts Announcement January-December 2012 is a translation of the
original Swedish version ”Bokslutskommuniké 1.1-31.12.2012”. In case of
discrepancies, the Swedish version shall prevail.
Managing Director Jussi Laitinen
Deputy Managing Director Stefan Björkman, tel. +358 10 247 6595
CFO Fredrik Westerholm, tel. +358 10 247 6505
IR Anna Gabrán, tel. +358 10 247 6501, +358 40 708 1807, ir@aktia.fi
© 2024 Nasdaq, Inc. All Rights Reserved |