2012-11-08 07:00:00 CET
2012-11-08 07:00:12 CET
REGULATED INFORMATION
Aktia Oyj - Interim report (Q1 and Q3)
Aktia plc: Interim report January-September 2012
Income increased by 22% in the third quarter
Helsinki, Finland, 2012-11-08 07:00 CET (GLOBE NEWSWIRE) --
Aktia plc Stock Exchange Release
Interim report January-September 2012
8 November 2012 at 8.00 a.m.
CEO Jussi Laitinen
”Nine months into the year, Aktia is demonstrating good results. Sales and
management commissions have developed very well, and this has contributed to a
considerable increase in operating income, despite the negative effects of
current low interest rates. Aktia Asset Management has grown and again received
excellent marks from its customers this year, something that is expected to
increase sales even more. Group investments have also developed favourably
during the year, which has contributed to a higher capital adequacy ratio. Cost
developments continued to be relatively modest.
Aktia is undergoing a comprehensive restructuring process over the next 2-3
years to improve its competitiveness. Aktia is well equipped to carry out this
transformation, and we will continue our efforts to boost customer
satisfaction.”
July-September 2012: Operating profit EUR 13.4 (6.8) million
-- Group operating profit from continuing operations doubled to EUR 13.4 (6.8)
million.
-- Profit for the period amounted to EUR 9.9 (5.5) million.
-- Income increased by 22% to EUR 50.5 (41.4) million, of which net interest
income amounted to EUR 28.7 (31.1) million.
-- Expenses amounted to EUR 34.0 (33.6) million.
-- Write-downs on credits and other commitments amounted to EUR 1.8 (1.1)
million due to higher group write-downs.
-- Earnings per share stood at EUR 0.15 (0.09).
January-September 2012: Operating profit EUR 45.6 (38.2) million
-- Group operating profit from continuing operations improved to EUR 45.6
(38.2) million.
-- Profit for the period amounted to EUR 43.7 (28.6) million.
-- Earnings per share stood at EUR 0.65 (0.42), of which earnings per share
from continuing operations was EUR 0.50 (0.39).
-- The capital adequacy ratio increased to 19.9 (16.2)% and the Tier 1 capital
ratio to 11.8 (10.6)%. NAV was EUR 8.70 (31.12.2011: EUR 7.01).
-- Total net interest income fell to EUR 88.0 (98.3) million due to low
interest rates and maturing interest rate derivatives.
-- Write-downs on credits and other commitments decreased by 27% to EUR 4.6
(6.3) million.
OUTLOOK: Operating profit from continuing operations for 2012 will exceed the
level in 2011 (changed 15.10.2012,
the complete outlook on page 12).
KEY FIGURES 7-9/ 7-9/ ∆ % 1-9/ 1-9/ ∆ % 4-6/ 1-3/ 2011
(EUR 2012 2011 2012 2011 2012 2012
million)
--------------------------------------------------------------------------------
Net interest 28.7 31.1 -8% 88.0 98.3 -10% 29.7 29.6 128.6
income
--------------------------------------------------------------------------------
Total 50.5 41.4 22% 159.5 152.3 5% 55.8 53.2 201.9
operating
income
--------------------------------------------------------------------------------
Total -34.0 -33.6 1% -108.2 -107.7 0% -37.5 -36.7 -146.7
operating
expenses
--------------------------------------------------------------------------------
Operating 15.2 7.9 93% 50.3 44.5 13% 18.8 16.2 55.1
profit
before
write downs
on credits,
continuing
operations
--------------------------------------------------------------------------------
Write-downs -1.8 -1.1 66% -4.6 -6.3 -27% -1.0 -1.9 -10.5
on credits
and other
commitments
--------------------------------------------------------------------------------
Operating 13.4 6.8 98% 45.6 38.2 20% 17.9 14.3 44.6
profit from
continuing
operations
--------------------------------------------------------------------------------
Cost-to-inco 0.69 0.79 -13% 0.69 0.72 -4% 0.69 0.68 0.73
me ratio
--------------------------------------------------------------------------------
Earnings per 0.15 0.09 70% 0.65 0.42 56% 0.21 0.29 0.53
share
(EPS), EUR
--------------------------------------------------------------------------------
Equity per 8.70 6.90 26% 8.70 6.90 26% 7.88 7.89 7.01
share
(NAV)1, EUR
--------------------------------------------------------------------------------
Return on 6.4 4.4 46% 10.0 7.5 33% 9.7 14.1 7.1
equity
(ROE), %
--------------------------------------------------------------------------------
Capital 19.9 16.6 20% 19.9 16.6 20% 18.9 18.1 16.2
adequacy
ratio1, %
--------------------------------------------------------------------------------
Tier 1 11.8 10.8 9% 11.8 10.8 9% 11.7 11.3 10.6
capital
ratio1, %
--------------------------------------------------------------------------------
Write-downs 0.02 0.02 0% 0.06 0.09 -33% 0.01 0.03 0.15
on credits
/ total
credit
stock, %
--------------------------------------------------------------------------------
1) At the end of the period
The Interim report January-September 2012 is a translation of the original
Swedish version ”Delårsrapport 1.1-30.9.2012”. In case of discrepancies, the
Swedish version shall prevail.
CEO Jussi Laitinen, tel. +358 10 247 6250
Deputy CEO, CFO Stefan Björkman, tel.+358 50 63219
IR manager Anna Gabrán, tel. +358 10 247 6501, +358 40 708 1807
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