Financial forecasts

LHV Group Financial Plan for 2024

AS LHV Group publishes the financial plan for the current year once a year at the beginning of the year. Stock exchange announcement

Key indicatorsFP 20242023Change YoY
Financial results, EURt
Total revenue309 089310 458-1 369
Total expenses143 568134 3219 247
Earnings before taxes23 39011 53911 851
Impairment losses142 131164 598-22 467
Net profit120 081140 938-20 857
Business volumes, EURm
Loans4 0373 562476
Deposits6 6745 731943
Assets under management1 6681 519149
Key ratios
Cost / Income ratio46,4%43,3%3,2%
ROE (pre tax)24,0%34,1%-10,1%
Capital adequacy22,5%21,9%0,6%

Long-term financial forecast 2024-2028

AS LHV Group updates and publishes the five-year financial forecast once a year at the beginning of the year. Stock exchange announcement

Key indicators, EURtFP2024FP2025FP2026FP2027FP2028
Profit before taxes142 131163 597183 043227 994293 857
Net profit120 081132 251147 475183 044233 809
Business volumes, EURm
Loans4 0374 7555 6106 5107 375
Deposits6 6747 6818 7239 74710 902
Funds volume1 6681 9002 1602 4322 716
Key ratios, percent
Cost/income ratio46,4%45,4%44,7%41,1%36,8%
Return on Equity (pre-tax ROE)24,0%24,8%24,9%27,2%30,6%
Return on Equity (ROE)20,3%20,0%20,0%21,8%24,2%
Capital adequacy22,5%22,0%21,5%21,7%22,6%