Evli Pankki Oyj - Interim report (Q1 and Q3)

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

EVLI BANK PLC STOCK EXCHANGE RELEASE OCTOBER 20, 2016, AT 12 PM

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

Client assets under management exceed EUR 10 billion

January-September 2016

- The Group's net revenue was EUR 44.1 million (EUR 46.2 million).
- The Group's operating profit was EUR 7.8 million (EUR 9.2 million).
- The Group's profit increased to EUR 7.9 million (EUR 7.0 million). The profit
was positively affected by the exit fees received by the associated company.
- Evli was ranked best asset manager in Finland again in a survey by TNS Sifo
Prospera.
- Evli purchased the entire stock of Evli Awards Management Oy with an agreement
signed at the end of May.
- Evli's diluted earnings per share were EUR 0.33 (EUR 0.27).
- Net assets under management grew year on year and totaled EUR 10.0 billion
(EUR 8.5 billion) at the end of September, including associated companies and
Evli Awards Management Oy.

July-September 2016

- The Group's net revenue decreased by five percent year on year and was EUR
12.7 million (EUR 13.4 million).
- The Group's operating profit for the review period was EUR 2.3 million (EUR
2.7 million).
- Earnings per share amounted to EUR 0.08 (EUR 0.09).

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. We believe that the result for 2016 will
be clearly positive.

Key figures

                                        7-9   7-9   1-9    1-9   1-12
                                        /2016 /2015 /2016  /2015 /2015
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 Sales, M€                              13.2  13.8  45.7   47.4  66.0
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 Net revenue, M€                        12.7  13.4  44.1   46.2  64.2
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 Operating profit/loss, M€              2.3   2.7   7.8    9.2   13.3
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 Profit / Loss for financial year, M€   1.8   1.9   7.9    7.0   12.3
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 Operating profit/loss % of net revenue 18.2  20.2  17.6   20.0  20.6
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 Earnings/share (EPS)                   0.08  0.09  0.34   0.28  0.54
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 Diluted earnings/share IFRS            0.07  0.08  0.33   0.27  0.53
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 Return on equity % (ROE)*              -     -     15.8   18.0  20.2
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 Recurring revenue ratio, %             -     -     90     90    93
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 Dividend/share**                       -     -     -      -     0.31
-----------------------------------------------------------------------
 Shareholders' equity per share         -     -     2.71   2.35  2.96
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 Market value, M€***                    -     -     158.53 -     190.94
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 Share price in end of period           -     -     6.80   -     8.19
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 Personnel in end of period             -     -     242    240   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.

The figures are unaudited.

Maunu Lehtimäki, CEO
"In the third quarter, the Evli Group's revenue contracted by five percent from
the previous year, which was reflected as a reduction in operating profit. The
revenue performance of the Markets unit was held back by the continuing low
level of trading activity of Markets unit clients, and the market making and
trading returns that were lower than the previous year. The revenue of the
Corporate Finance unit was clearly below that of the previous year as orders are
concentrated in the remaining part of the year.
Performance in Wealth Management and the Treasury operations has been positive
and we achieved a new landmark as the Group's client assets under management
(including associated companies and incentive programs) exceeded EUR 10 billion.
Evli Fund Management Company's net subscriptions starting from the beginning of
the year were EUR 536 million, and at the end of the period market share had
increased to 5.7% of fund capital registered in Finland. I am really pleased
that Finnish institutional investors have, for the second year running, chosen
Evli as Finland's best institutional asset manager (TNS Sifo Prospera 2016).
On account of the recognition received and the success of our products, and also
our current system development project and the measures implemented so far to
reduce costs, our near-term earnings outlook is stable and full-year result is
expected to be clearly positive."
EVLI BANK PLC

Board of Directors

For additional information, please contact:

Maunu Lehtimäki, CEO, tel. +358 (0)9 4766 9304 or +358 (0)50 553 3000,
maunu.lehtimaki@evli.com
Juho Mikola, CFO, tel. +358 (0)9 4766 9871 or +358 (0)40 717 8888,
juho.mikola@evli.com

Invitation to investors and analysts

CEO Maunu Lehtimäki and CFO Juho Mikola will present the Interim Report to
investors and analysts at Evli Bank (Aleksanterinkatu 19 A, 4 fl, Helsinki) on
Thursday, October 20, 2016 at 1 pm. The presentation will be held in Finnish.
The presentation material will be available in English at the address
www.evli.com > Investors after the event.

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 January-September 2016


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Attachments:

Evli Bank Plc Interim Report January-September 2016.pdf