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 indicators | FP 2023 | 2022 | Change YoY |
|---|---|---|---|
| Financial results, EURt | |||
| Total revenue | 270 443 | 173 542 | 96 901 |
| Total expenses | 118 690 | 89 639 | 29 050 |
| Impairment losses on loans | 24 589 | 8 051 | 16 538 |
| Earnings before taxes | 127 164 | 75 852 | 51 312 |
| Net profit | 108 233 | 61 431 | 46 802 |
| Business volumes, EURm | |||
| Loans | 3 428 | 3 209 | 220 |
| Deposits | 5 653 | 4 901 | 752 |
| Assets under management | 1 570 | 1 332 | 238 |
| Key ratios | |||
| Cost / Income ratio | 43,9% | 51,7% | -7,8% |
| ROE (pre tax) | 27,4% | 20,4% | 7,1% |
| Capital adequacy | 21,5% | 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, EURt | FP2023 | FP2024 | FP2025 | FP2026 | FP2027 |
|---|---|---|---|---|---|
| Profit before taxes | 73,703 | 92,759 | 114,109 | 147,866 | 178,361 |
| Net profit | 61,493 | 79,040 | 98,172 | 128,467 | 155,786 |
| Business volumes, EURm | |||||
| Loans | 3,097 | 3,674 | 4,296 | 4,905 | 5,520 |
| Deposits | 6,109 | 6,841 | 7,504 | 8,301 | 8,912 |
| Funds volume | 1,389 | 1,522 | 1,675 | 1,793 | 1,935 |
| Key ratios, percent | |||||
| Cost/income ratio | 50,3% | 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 adequacy | 20,5% | 19,7% | 19,4% | 19,0% | 19,8% |
