Financial forecasts

LHV Group Financial Plan for 2023

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 20232022Change YoY
Financial results, EURt
Total revenue270 443173 54296 901
Total expenses118 69089 63929 050
Impairment losses on loans24 5898 05116 538
Earnings before taxes127 16475 85251 312
Net profit108 23361 43146 802
Business volumes, EURm
Loans3 4283 209220
Deposits5 6534 901752
Assets under management1 5701 332238
Key ratios
Cost / Income ratio43,9%51,7%-7,8%
ROE (pre tax)27,4%20,4%7,1%
Capital adequacy21,5%20,8%0,7%

Long-term financial forecast 2023-2027

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, EURtFP2023FP2024FP2025FP2026FP2027
Profit before taxes73,70392,759114,109147,866178,361
Net profit61,49379,04098,172128,467155,786
Business volumes, EURm
Loans3,0973,6744,2964,9055,520
Deposits6,1096,8417,5048,3018,912
Funds volume1,3891,5221,6751,7931,935
Key ratios, percent
Cost/income ratio50,3%47,2%44,3%39,5%36,9%
Return on Equity (pre-tax ROE)19,4%20,2%20,8%22,3%22,3%
Return on Equity (ROE)16,7%17,8%18,5%20,1%20,2%
Capital adequacy20,5%19,7%19,4%19,0%19,8%