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 revenue299 714173 543126 171
Total expenses128 86689 63839 228
Impairment losses on loans8 2218 052169
Earnings before taxes162 62775 85386 774
Net profit140 03961 43278 606
Business volumes, EURm
Loans3 5063 209297
Deposits5 6084 901707
Assets under management1 5441 332212
Key ratios
Cost / Income ratio43,0%51,7%-8,7%
ROE (pre tax)33,8%20,4%13,4%
Capital adequacy21,2%21,7%-0,5%

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 taxes162,62792,759114,109147,866178,361
Net profit140,03979,04098,172128,467155,786
Business volumes, EURm
Loans3,5063,6744,2964,9055,520
Deposits5,6086,8417,5048,3018,912
Funds volume1,5441,5221,6751,7931,935
Key ratios, percent
Cost/income ratio43,0%47,2%44,3%39,5%36,9%
Return on Equity (pre-tax ROE)33,8%20,2%20,8%22,3%22,3%
Return on Equity (ROE)29,1%17,8%18,5%20,1%20,2%
Capital adequacy21,2%19,7%19,4%19,0%19,8%