LHV Group unaudited results for Q1 of 2019

In January, February and March 2019, AS LHV Group altogether earnt EUR 5.0 million in consolidated profit. In Q1, the bank earnt EUR 4.2 million and Varahaldus EUR 1.2 million as net profit. LHV Group paid EUR 2.3 million as income tax in Q1. Group’s equity ratio was 12.2%.

The Q1 net profit of the consolidation group was EUR 0.6 million less than in Q4 of 2018, however it has increased by EUR 0.7 million y-o-y.

During the quarter, the Group’s consolidated net loan portfolio increased by EUR 72 million (+8%; +107 million in Q4 of 2018), to EUR 991 million. Consolidated deposits increased by EUR 145 million (+10%; -215 million in Q4), to EUR 1567 million. At the same time, the deposits related to payment intermediaries increased by EUR 33 million and those of the regular customers by EUR 102 million.

The volume of funds managed by LHV increased by EUR 43 million over the quarter (+4%; +11 million in Q4), to EUR 1257 million.

2019 Q1 Interim report
Investor presentation

Dividend Payment Ex-date of AS LHV Group

The list of shareholders of AS LHV Group entitled to receive dividends will be established as at 27 March 2019 COB of the settlement system. Consequently, the day of change of the rights related to the shares (ex-date) is set to 26 March 2019. From this day onwards, the person acquiring the shares will not have the right to receive dividends for the financial year 2018. Dividends shall be disbursed to the shareholders on 28 March 2019.