Day: February 7, 2024

OP Mortgage BankFinancial Statements BulletinStock Exchange Release 7 February 2024 at 10.00 EET OP Mortgage Bank: Financial Statements Bulletin for 1 January–31 December 2023 OP Mortgage Bank (OP MB) is the covered bond issuing entity of OP Financial Group. Together with OP Corporate Bank plc, its role is to raise funding for OP from money and capital markets. Financial standing The intermediary loans and loan portfolio of OP MB totalled EUR 16,988 million (19,639)* on 31 December 2023. Bonds issued by OP MB totalled EUR 14,915 million (18,165) at the end of December. OP MB’s covered bonds after 8 July 2022 are issued under the Euro Medium Term Covered Bond (Premium) programme (EMTCB), pursuant to the Finnish Act on Mortgage Credit Banks and Covered Bonds (151/2022). The collateral is added to the EMTCB cover pool from the member...

OP Financial GroupFinancial Statements Bulletin 1 January–31 December 2023Stock Exchange Release 7 February 2024 9.00 am EET OP Financial Group’s Financial Statements Bulletin for 1 January–31 December 2023: Operating profit EUR 2,050 million – Record amount of benefits for owner-customersOperating profit was EUR 2,050 million (1,120). Income from customer business, or net interest income, insurance service result and net commissions and fees, increased by 45% to EUR 3,860 million (2,666). Net interest income grew by 77% to EUR 2,871 million (1,618). Insurance service result decreased by 23.2% to EUR 81 million (106) and net commissions and fees by 3.7% to EUR 908 million (942). Impairment loss on receivables in the income statement was EUR 269 million (115), accounting for 0.26% (0.11) of the loan and guarantee portfolio. Investment...

OP Corporate Bank plcFinancial Statements Bulletin 1 January–31 December 2023Stock Exchange Release 7 February 2024 at 9.00 am EET OP Corporate Bank plc’s Financial Statements Bulletin 1 January–31 December 2023OP Corporate Bank plc’s operating profit increased to EUR 329 million (265). Net interest income increased by 47% to EUR 582 million (396) and net commissions and fees by EU 54 million to EUR 73 million (19). Investment income fell by 56% to EUR 52 million (117). Impairment loss on receivables increased by EUR 77 million to EUR 96 million (18). Expected credit losses increased especially in respect of receivables concerning construction and property investment. Operating expenses increased by 11% to EUR 313 million (281). The cost/income ratio improved to 42% (50). In the year to December, the loan portfolio decreased by...

DNA PLC STOCK EXCHANGE RELEASE 7 FEBRUARY 2024, 8:30 am EET Summary Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited. July–December 2023Total revenues grew by 8% and amounted to EUR 554 million (514). EBITDA increased by 12% and was EUR 201 million (180). The operating result increased by 36% and was EUR 107 million (79). Average revenue per user (ARPU)1):ARPU for mobile subscriptions increased by 6% and was EUR 18.6 (17.5). ARPU for fixed broadband grew by 3% and was EUR 16.7 (16.3). ARPU for TV subscriptions increased by 13% and was EUR 10.0 (8.9).January–December 2023Total revenues increased by 7% and amounted to EUR 1,067 million (997). EBITDA increased by 7% and was EUR 390 million (364). Operating result increased...

Sanoma Corporation, Stock Exchange Release, 7 February 2024 at 8:30 EET Sanoma Corporation, Full-Year 2023 Result: Net sales growth and operational EBIT in 2023 driven by strong performance in Learning This release is a summary of Sanoma’s Full-Year 2023 Result. The complete report is attached to this release and is also available at www.sanoma.com/en/investors. Q4 2023The Group’s net sales decreased to EUR 253 million (2022: 260). In Learning, net sales were stable. In Media Finland, net sales declined mainly due to lower advertising and external printing sales. The Group’s organic net sales growth was -2% (2022: -3%). The Group’s operational EBIT excl. PPA decreased to EUR -27 million (2022: -2). In Learning, earnings were seasonally negative and declined due to normalised phasing between the third and fourth quarters compared to delayed...

FY 2023 highlightsThe Phoenix strategy is elevating Pandora as the leading accessible jewellery brand globally. Investments across the value chain drove solid growth in 2023 and pave the way for continued growth in 2024. Organic growth ended at +8% (previous guidance of “5-6%”), comprising of LFL (like-for-like) of +6% and network expansion of +4%. The gross margin strengthened further during 2023 and ended at 78.6%, up 230bp Y/Y. The EBIT margin remained solid at 25.0% (guidance of “around 25%”). EPS increased to a record-high DKK 55.5. Strong free cash flow saw cash conversion ending at 78% and leverage at 1.1x NIBD/EBITDA. Proposed dividend of DKK 18 per share and a new share buyback programme of DKK 4.0 billion to be completed no later than 31 January 2025.Q4 2023 highlightsContinued brand momentum drove solid trading across...