Day: May 4, 2022

OP Mortgage BankInterim ReportStock Exchange Release 4 May 2022 at 10.00 EEST OP Mortgage Bank: Interim Report for 1 January–31 March 2022 OP Mortgage Bank (OP MB) is part of OP Financial Group. Together with OP Corporate Bank plc, its role is to raise funding for OP from money and capital markets. OP MB is responsible for the Group’s funding with regard to covered bond issuance. Financial standing The intermediary loans and loan portfolio of OP MB totalled EUR 18,062 million (18,275)* on 31 March 2022. Bonds issued by OP MB totalled EUR 16,415 million (16,415) at the end of March 2022. On 31 March 2022, 116 OP cooperative banks had a total of EUR 14,691 million (14,691) in intermediary loans from OP MB. Earnings before tax totalled EUR 1.9 million (1.2). The company’s financial standing remained stable throughout the reporting period. Impairment...

Suominen Corporation’s Interim Report on May 4, 2022 at 9:30 a.m. (EEST) Suominen Corporation’s Interim Report for January 1 – March 31, 2022: Start of the year burdened by cost inflation and customer inventory issues, outlook updated  1-3/ 1-3/ 1-12/KEY FIGURES 2022 2021 2021Net sales, EUR million 110.3 115.3 443.2Comparable EBITDA, EUR million 3.3 18.5 47.0Comparable EBITDA, % 3.0 16.1 10.6EBITDA, EUR million 3.3 18.5 47.0Operating profit, EUR million -1.3 13.6 26.9Operating profit, % -1.2 11.8 6.1Profit for the period, EUR million -2.3 13.8 20.7Cash flow from operations, EUR million -2.7 16.0 11.1Cash flow from operations per share, EUR -0.05 0.28 0.19Earnings per share, basic, EUR -0.04 0.24 0.36Return on invested capital, rolling 12 months, %* 6.1 25.0 13.9Gearing, % 35.0 13.3 30.4* Restated In...

Aspo Plc Interim Report               May 4, 2022, at 9:45 am Aspo Group Interim Report, January 1 to March 31, 2022 Strong start for the year: Comparable operating profit nearly doubled, rest of the year marked by uncertainty Figures from the corresponding period in 2021 are presented in brackets. January–March 2022, continuing operationsAspo’s net sales increased by 24% to EUR 160.4 (129.4) million. Comparable operating profit, at Group total level was EUR 15.0 (7.9) million, and the operating profit rate was 9.2% (6.0%). The comparable operating profit of ESL Shipping was EUR 7.9 (4.5) million, Telko EUR 8.6 (4.6) million, and Leipurin EUR 0.7 (0.3) million. Items affecting the comparability of operating profit totaled EUR -4.9 million at Group total level. Operating profit was EUR 10.3 (7.8) million. The operating profit rate was...

SAMPO PLC                INTERIM STATEMENT                4 May 2022 at 9:35 am Sampo Group’s results for January–March 2022Group P&C premiums grew by 7 per cent, supported by strong development in If P&C and Hastings. The Group combined ratio increased to 83.5 per cent (81.2), driven mainly by lower COVID-19 effects. Underlying margin development in If remained positive. Underwriting profit amounted to EUR 290 million (317). Excluding COVID-19 effects reported in the first quarter of 2021, underwriting profit increased 4 per cent. Profit before taxes declined to EUR 566 million (632), while earnings per share increased to EUR 0.86 (0.82). Group Solvency II coverage including dividend accrual increased to 200 per cent (185), above the 170-190 per cent target, supported by a 6 percentage point benefit from higher interest rates. A...

OP Corporate Bank plcInterim Report 1 January–31 March 2022Stock Exchange Release 4 May 2022 at 9.00am EEST OP Corporate Bank plc’s Interim Report 1 January–31 March 2022OP Corporate Bank plc’s earnings before tax were EUR –17 million (65). Earnings were reduced in particular by lower net investment income and higher impairment loss on receivables. Total income decreased by 22% to EUR 116 million (150). Net investment income fell by 85% to EUR 7 million (49). Net interest income increased by 23% to EUR 94 million (77). Net commissions and fees decreased by EUR 10 million to EUR 3 million (13). Total expenses increased by 5% to EUR 91 million (87). Impairment loss recognised on receivables amounted to EUR 42 million. A year ago, impairment loss on receivables reversed came to EUR 2 million. A significant portion of the increase in...

OP Financial GroupInterim Report 1 January–31 March 2022Stock Exchange Release 4 May 2022 at 9.00 EEST OP Financial Group’s Interim Report 1 January–31 March 2022: Earnings before tax EUR 189 million – net interest income and net commissions and fees increased in an uncertain business environmentEarnings before tax totalled EUR 189 million (265). Income from customer business decreased by 1% to EUR 736 million (743). Net interest income increased by 5% to EUR 333 million (316) and net commissions and fees by 1% to EUR 272 million (270). Net insurance income decreased by 16% to EUR 131 million (157). Investment income decreased by 25% to EUR 68 million (91). Total income decreased by 11% to EUR 793 million (896). Total income including the overlay approach, EUR 844 million (841), remained unchanged year on year. Total expenses increased...

Company Announcement No 18/20224 May 2022 Sydbank’s Interim Report – Q1 2022 Significant boost in profitability Q1 2022 – highlightsProfit for the period of DKK 445m equals a return on equity of 14.1% p.a. after tax Core income of DKK 1,200m is 9% higher compared to the same period in 2021 Impairment charges for loans and advances etc represent an income of DKK 61m Bank loans and advances have risen by DKK 4.6bn, equal to an increase of 7% compared to year-end 2021 Total credit intermediation has increased by DKK 5.1bn, equal to an increase of 3% compared to year-end 2021 A share buyback of DKK 425m was commenced on 7 March 2022 The CET1 ratio has declined by 1.4pp compared to year-end 2021 and constitutes 16.5% excluding profit for the period. When including 50% of profit for the period, the CET1 ratio stands at 16.9%CEO Karen Frøsig...

May 4, 2022 – Wolters Kluwer (EURONEXT: WKL), a global leader in professional information, software solutions, and services, today released its scheduled first-quarter 2022 trading update. HighlightsFull-year 2022 guidance reaffirmed. First-quarter revenues up 8% in constant currencies and up 8% organically.Recurring revenues (81%) grew 8% organically; non-recurring revenues rose 9% organically. Digital & services revenues (93%) grew 9% organically; print revenues grew 4% organically. Expert solutions (56%) grew 10% organically.First-quarter adjusted operating profit margin increased, with strong operational gearing more than compensating for increased personnel expenses. First-quarter adjusted free cash flow increased 6% in constant currencies, despite higher capital expenditure and tax payments in the quarter. Net debt-to-EBITDA...