Financial forecasts

LHV Group Financial Plan for 2020

Due to the sudden change in the economic environment, AS LHV Group announced on 21.04.2020 an updated financial plan for 2020. Stock exchange announcement

Key indicatorsUpdated FP 20202019 resultsChangePrevious FP 2020
Financial results, EURt
Total revenue87 31673 81813 49895 647
Total expenses44 77339 2665 50746 423
Impairment losses on loans19 3573 20916 1487 177
Earnings before taxes23 18531 342-8 15742 047
Net profit19 23127 092-7 86235 917
Business volumes, EURm
Loans1 8061 6871192 165
Deposits2 9852 7012843 127
Assets under management1 4541 374801 576
Key ratios, percent
Cost / Income ratio51,3%53,2%-1,9%48,5%
ROE (pre tax)10,2%16,2%-6,1%18,1%
Capital adequacy17,6%18,0%-0,4%17,5%

Long-term financial forecast 2020-2024

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, EURtFP2020FP2021FP2022FP2023FP2024
Profit before taxes23 18551 10369 27087 218104 381
Business volumes, EURm
Loans1 8062 7063 2293 7544 304
Deposits2 9853 8304 4275 2096 004
Funds volume1 4541 3951 5711 7611 967
Key ratios, percent
Cost/income ratio51,3%47,6%41,4%38,4%36,4%
ROE (before taxes; owners’ share)10,2%20,5%22,2%23,4%23,4%
Capital adequacy17,6%18,1%18,3%18,9%19,5%