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4-Traders Homepage  >  Equities  >  TALLINN STOCK EXCHANGE  >  LHV Group AS    LHV1T   EE3100073644

LHV GROUP AS (LHV1T)
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05/17LHV : renewed the Financial Plan for 2018
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05/10LHV : April results 2018
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04/25LHV : Video of AS LHV Group 24 April investor meeting
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LHV : renewed the Financial Plan for 2018

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05/17/2018 | 07:00am CEST

AS LHV Group is disclosing the revised financial plan for 2018. According to the updated plan, the consolidated net profit of LHV Group will be EUR 1.8 million higher than previously forecasted and the net profit attributed to the shareholders of the group EUR 2.7 million more than in the previous plan.

LHV Group revised its financial plan for this year in order to take into account the impact of the sale of its Lithuanian business unit, UAB "Mokilizingas" and also the effect of advising one substantial transaction. The new plan has included the actual financial results of 2018 Q1.

According to the renewed plan, the group’s income for 2018 will be EUR 2.8 million less and the costs EUR 3.3 million less than in the previously disclosed financial plan. According to the renewed financial plan, LHV forecasts this year’s consolidated net profit to amount to EUR 26.1 million, an increase of EUR 3.9 million (+18%) compared to 2017, out of which EUR 24.3 million will be attributed to the shareholders of the group, which means an increase of EUR 4.7 million from last year.

The financial plan has been attached to the announcement and will be made available at https://investor.lhv.ee/en/reports/.

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are AS LHV Pank and AS LHV Varahaldus. LHV employs about 380 people and over 141,000 customers use LHV’s banking services. Pension funds managed by LHV have over 178,000 active customers.


Priit Rum
Communications Manager
Phone: +372 502 0786
Email: [email protected]

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  • LHV Group Updated FP2018 EN

© OMX, source OMX

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Financials ( EEK)
Sales 2018 1 095 M
EBIT 2018 444 M
Net income 2018 360 M
Debt 2018 -
Yield 2018 1,98%
P/E ratio 2018 12,47
P/E ratio 2019 10,99
Capi. / Sales 2018 4,09x
Capi. / Sales 2019 3,67x
Capitalization 4 480 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 191  EEK
Spread / Average Target 9,9%
EPS Revisions
Managers
NameTitle
Madis Toomsalu Chief Executive Officer
Rain Lõhmus Chairman-Supervisory Board
Tiina Mõis Member-Supervisory Board
Raivo Hein Member-Supervisory Board
Heldur Meerits Member-Supervisory Board
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