Evli Pankki Oyj - Interim report (Q1 and Q3)

Evli Bank Plc's Interim Report for January-March 2016

EVLI BANK PLC STOCK EXCHANGE RELEASE APRIL 21, 2016, AT 12.10 PM

Evli Bank Plc's Interim Report for January-March 2016

Evli Bank Plc's Interim Report for January-March 2016:
Good result in a market environment

January-March 2016

  * The Group's net revenue was EUR 15.4 million (EUR 16.2 million), which
    represents a year on year decrease of 5 percent.
  * The Group's operating profit was EUR 3.1 million (EUR 3.7 million).
  * The Group's profit improved considerably and was EUR 4.3 million (EUR 2.8
    million).
  * Evli's associated company Northern Horizon Capital's Healthcare I fund sold
    its entire real estate portfolio during the review period. With the
    transaction, Evli's share of NHC's result increased EUR 1.9 million due to
    substantial exit fees.
  * Evli's diluted earnings per share were EUR 0.17 (EUR 0.12).
  * Net assets under management grew year on year and totaled EUR 9.5 billion
    (EUR 9.1 billion) at the end of March, including associated companies.
Outlook for 2016 unchanged

Evli's business performance has been strong in recent years, and interest in
Evli's services and products is expected to remain stable. In the Corporate
Finance business, substantial fluctuations in annual profits are possible. The
unit's mandate base is at a healthy level. The ratio of Evli's recurring revenue
to expenses has developed as planned and the revenue covered nearly 90 percent
of the Group's fixed operating expenses. We believe that the result for 2016
will be clearly positive.

+----------------------------------------+--------+--------+---------+
|KEY FIGURES                             |1-3/2016|1-3/2015|1-12/2015|
+----------------------------------------+--------+--------+---------+
|Sales, M€                               |15.9    |16.6    |66.0     |
+----------------------------------------+--------+--------+---------+
|Net revenue, M€                         |15.4    |16.2    |64.2     |
+----------------------------------------+--------+--------+---------+
|Operating profit / loss, M€             |3.1     |3.7     |13.3     |
+----------------------------------------+--------+--------+---------+
|Profit / Loss for financial year, M€    |4.3     |2.8     |12.3     |
+----------------------------------------+--------+--------+---------+
|Operating profit / loss % of net revenue|20.0%   |22.9%   |20.6%    |
+----------------------------------------+--------+--------+---------+
|Earnings/share (EPS)                    |0.18    |0.12    |0.54     |
+----------------------------------------+--------+--------+---------+
|Diluted earnings/share IFRS             |0.17    |0.12    |0.53     |
+----------------------------------------+--------+--------+---------+
|Return on equity % (ROE)*               |25.1    |21.8    |20.2     |
+----------------------------------------+--------+--------+---------+
|Recurring revenue ratio                 |89%     |96%     |93%      |
+----------------------------------------+--------+--------+---------+
|Dividend/share**                        |        |        |0.31     |
+----------------------------------------+--------+--------+---------+
|Shareholders' equity per share          |2.82    |2.42    |2.96     |
+----------------------------------------+--------+--------+---------+
|Market value, M€***                     |156.20  |        |190.94   |
+----------------------------------------+--------+--------+---------+
|Share price in end of period            |6.7     |        |8.19     |
+----------------------------------------+--------+--------+---------+
|Personnel in end of period              |246     |233     |248      |
+----------------------------------------+--------+--------+---------+

* Annualized
** Dividend from 2015 approved by the Annual General Meeting. The dividend was
paid on March 17, 2016.
** Series A shares are valued at the closing value of the series B shares.

Share-specific key figures for the comparison period have been calculated using
a split-corrected share count in accordance with the decision of the
Extraordinary General Meeting of October 1, 2015.

Maunu Lehtimäki, CEO

"The challenging market environment in the early part of the year had a negative
impact on the trading activity of the Capital Markets unit's clients and reduced
the Wealth Management unit's performance-based fees. As a result the Group's
revenue was down five percent from the previous year. However, the exit fees
received by the associated company substantially improved the result for the
review period.

During the first three months we were able to gain several new institutional,
Private Banking and Online Banker clients and the Group's client assets under
management rose to a new record level, reaching EUR 9.5 billion net, including
associated companies. Our fund management company also performed very well
during the review period, attracting a total of EUR 97 million in net
subscriptions At the end of the review period Evli Fund Management Company was
the fourth-largest fund management company in Finland with a market share of
5.4 percent.

We will continue to focus on developing new, alternative investment products, on
the international sales of Evli's funds, on building digital services and on
enhancing the efficiency of our investment-related processes."

Invitation to investors and analysts

CEO Maunu Lehtimäki and CFO Juho Mikola will present the Interim Report to
investors and analysts in Evli Bank (Aleksanterinkatu 19 A, 4 fl, Helsinki) on
Thursday, April 21, 2016 at 2 p.m. The presentation will be held in Finnish. The
presentation material will be available in English at the address www.evli.com
after the event.

Evli Bank PLC

Board of Directors

For additional information, please contact:

Maunu Lehtimäki, CEO, tel. +358 (9) 4766 9304 or +358 (0)50 553 3000,
maunu.lehtimaki@evli.com
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 is a private bank that specializes in investment and helps private persons
and institutions increase their wealth. The Company offers asset management
services, various services related to the capital markets, such as brokerage of
equity and other investment products, market making and investment research, and
Corporate Finance services.

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

Appendix:
Evli Bank Plc's Interim Report for January-March 2016


[HUG#2005482]

Attachments:

Evli Bank Plc Interim report 1-3 2016.pdf