2013-08-06 07:01:00 CEST
2013-08-21 11:12:22 CEST
REGULATED INFORMATION
Aktia Oyj - Interim report (Q1 and Q3)
Aktia plc: Interim report 1 January-30 June 2013
Aktia plc
interim report
january-june 2013
Merged with aktia Bank plc 1 july 2013
Increased sales in tough market conditions
CEO jussi laitinen
”Aktia's sales improved and the net interest income was stable despite the
difficult market situation and continuing low interest rates. However, the new
bank tax and our efforts to build a new core banking system increased costs.
Aktia's capital adequacy was strengthened during the second quarter, clearly
exceeding the new Basel III requirements. Aktia's Action plan 2015 has proceeded
as planned; modernisation of the core banking system commenced, the first issue
of covered bonds was made in June, the card operations were renewed, and the
merger between Aktia plc and Aktia Bank pls was carried out on 1 July 2013. As
an element in our drive for profitable growth, Aktia is negotiating a merger
with the savings bank Saaristosäästöpankki Oy. This would strengthen Aktia's
position in the Turunmaa area of Finland.”
april-june 2013: operating profit EUR 15.1 (17.9) million
The Group's operating profit from continuing operations amounted to EUR 15.1
(17.9) million.
Profit for the period from continuing operations amounted to EUR 11.0 (13.8)
million.
Earnings per share stood at EUR 0.16 (0.21).
Net interest income totalled EUR 28.3 (29.7) million.
Write-downs on credits and other commitments decreased by 56% to EUR 0.4 (1.0)
million.
January-june 2013: operating profit EUR 34.6 (32.2) million
The Group's operating profit from continuing operations amounted to EUR 34.6
(32.2) million.
Profit for the period from continuing operations amounted to EUR 25.8 (24.0)
million.
Earnings per share stood at EUR 0.38 (0.50), of which earnings per share from
continuing operations were EUR 0.38 (0.35).
The capital adequacy ratio stood at 20.3% (31 December 2012: 20.2%) and the Tier
1 capital ratio at 12.1 (11.8)%.
Equity per share stood at EUR 8.34 (31 December 2012: 8.91).
Net interest income totalled EUR 58.4 (59.3) million.
Write-downs on credits and other commitments decreased by 46% to EUR 1.5 (2.8)
million.
OUTLOOK (unchanged): Despite the probably persistent low interest rate level,
and major one-off costs from implementing the Plan of Action for 2015, the
Group's operating profit from continuing operations for 2013 is expected to
reach approximately the 2012 level.
--------------------------------------------------------------------------------
| KEY FIGURES | 4-6 | 4-6 | ∆ % | 1-6/ | 1-6/ | ∆ % | 1-3/ | 2012 | 10-12 |
| (EUR million) | /20 | /20 | | 2013 | 2012 | | 2013 | | /2012 |
| | 13 | 12 | | | | | | | |
--------------------------------------------------------------------------------
| Net interest | 28. | 29. | -4% | 58.4 | 59.3 | -1% | 30.1 | 117. | 29.3 |
| income | 3 | 7 | | | | | | 3 | |
--------------------------------------------------------------------------------
| Total operating | 55. | 55. | 0% | 113. | 109. | 4% | 57.5 | 217. | 58.4 |
| income | 7 | 8 | | 2 | 0 | | | 9 | |
--------------------------------------------------------------------------------
| Total operating | -39 | -37 | 5% | -76. | -74. | 3% | -37. | -154 | -46.0 |
| expenses | .2 | .5 | | 8 | 2 | | 5 | .2 | |
--------------------------------------------------------------------------------
| Operating profit | 15. | 18. | -18 | 36.1 | 35.0 | 3% | 20.6 | 62.4 | 12.1 |
| before write | 5 | 8 | % | | | | | | |
| downs on | | | | | | | | | |
| credits, | | | | | | | | | |
| continuing | | | | | | | | | |
| operations | | | | | | | | | |
--------------------------------------------------------------------------------
| Write-downs on | -0. | -1. | -56 | -1.5 | -2.8 | -46 | -1.1 | -6.4 | -1.7 |
| credits and | 4 | 0 | % | | | % | | | |
| other | | | | | | | | | |
| commitments | | | | | | | | | |
--------------------------------------------------------------------------------
| Operating profit | 15. | 17. | -15 | 34.6 | 32.2 | 8% | 19.5 | 56.0 | 10.4 |
| from continuing | 1 | 9 | % | | | | | | |
| operations | | | | | | | | | |
--------------------------------------------------------------------------------
| Cost-to-income | 0.7 | 0.6 | 1% | 0.68 | 0.69 | -1% | 0.67 | 0.74 | 0.89 |
| ratio | 0 | 9 | | | | | | | |
--------------------------------------------------------------------------------
| Earnings per | 0.1 | 0.2 | -23 | 0.38 | 0.50 | -23 | 0.22 | 0.74 | 0.09 |
| share (EPS), EUR | 6 | 1 | % | | | % | | | |
--------------------------------------------------------------------------------
| Equity per share | 8.3 | 7.8 | 6% | 8.34 | 7.88 | 6% | 9.02 | 8.91 | 8.91 |
| (NAV)1, EUR | 4 | 8 | | | | | | | |
--------------------------------------------------------------------------------
| Return on equity | 6.9 | 9.7 | -29 | 8.1 | 12.2 | -34 | 8.9 | 8.5 | 3.9 |
| (ROE), % | | | % | | | % | | | |
--------------------------------------------------------------------------------
| Capital adequacy | 20. | 18. | 8% | 20.3 | 18.9 | 8% | 20.0 | 20.2 | 20.2 |
| ratio1, % | 3 | 9 | | | | | | | |
--------------------------------------------------------------------------------
| Tier 1 capital | 12. | 11. | 3% | 12.1 | 11.7 | 3% | 11.7 | 11.8 | 11.8 |
| ratio1, % | 1 | 7 | | | | | | | |
--------------------------------------------------------------------------------
| Write-downs on | 0.0 | 0.0 | 0% | 0.02 | 0.04 | -50 | 0.02 | 0.09 | 0.02 |
| credits / total | 1 | 1 | | | | % | | | |
| credit stock, % | | | | | | | | | |
--------------------------------------------------------------------------------
| 1) At the end of the period | | | | | | | |
--------------------------------------------------------------------------------
| The Interim Report January-June 2013 is a translation of the original |
| Swedish version ”Delårsrapport 1.1-30.6.2013”. In case of discrepancies, the |
| Swedish version shall prevail. |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
© 2024 Nasdaq, Inc. All Rights Reserved |