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
AS LHV Group updated its financial plan for 2024 in October. Stock exchange announcement
| Key indicators | FP 2024 | 2023 | Change YoY |
|---|---|---|---|
| Financial results, EURt | |||
| Total revenue | 349 397 | 310 458 | 38 939 |
| Total expenses | 150 903 | 134 321 | 16 582 |
| Impairment losses | 23 676 | 11 539 | 12 137 |
| Earnings before taxes | 174 818 | 164 598 | 10 220 |
| Net profit | 150 304 | 140 938 | 9 366 |
| Business volumes, EURm | |||
| Loans | 4 343 | 3 562 | 781 |
| Deposits | 6 667 | 5 731 | 936 |
| Assets under management | 1 573 | 1 519 | 54 |
| Key ratios | |||
| Cost / Income ratio | 43,2% | 43,3% | -0,1% |
| ROE (pre tax) | 28,8% | 34,1% | -5,3% |
| Capital adequacy | 20,5% | 21,9% | -3,0% |
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
AS LHV Group updated its financial plan for 2024 in October. Stock exchange announcement
| Key indicators, EURt | FP2024 | FP2025 | FP2026 | FP2027 | FP2028 |
|---|---|---|---|---|---|
| Profit before taxes | 174 818 | 163 597 | 183 043 | 227 994 | 293 857 |
| Net profit | 150 304 | 132 251 | 147 475 | 183 044 | 233 809 |
| Business volumes, EURm | |||||
| Loans | 4 343 | 4 755 | 5 610 | 6 510 | 7 375 |
| Deposits | 6 667 | 7 681 | 8 723 | 9 747 | 10 902 |
| Funds volume | 1 573 | 1 900 | 2 160 | 2 432 | 2 716 |
| Key ratios, percent | |||||
| Cost/income ratio | 43,2% | 45,4% | 44,7% | 41,1% | 36,8% |
| Return on Equity (pre-tax ROE) | 28,8% | 24,8% | 24,9% | 27,2% | 30,6% |
| Return on Equity (ROE) | 24,8% | 20,0% | 20,0% | 21,8% | 24,2% |
| Capital adequacy | 20,5% | 22,0% | 21,5% | 21,7% | 22,6% |
