Evli clearly improved its results – A dividend is promised taking into account the authority’s recommendations

Finance company The married made an operating profit of EUR 13.6 million in the fourth quarter of 2020. Operating income was EUR 28.1 million and earnings per share were EUR 0.42.

One year earlier, Evli made an operating profit of EUR 8.7 million in October-December and operating income was EUR 22.7 million. Earnings per share were EUR 0.24.

The company proposes to the Annual General Meeting a dividend of EUR 0.73 per share. The dividend will increase from EUR 0.66 in the previous year.

The proposal is that the Annual General Meeting authorize the Board of Directors to decide on the payment of the dividend in one or more installments at a time it deems best, taking into account the current authority recommendations.

The company estimates that the operating profit for 2021 will be clearly positive.

“The view is supported by a high ratio of recurring returns to operating costs, as well as sales of alternative investment products, which have brought new, stable revenue,” the company said in a statement.

Full-year operating profit increased from EUR 24.1 million for the year to EUR 29.1 million. Operating income increased from EUR 75.8 million to EUR 79.7 million. Earnings per share increased from EUR 0.71 to EUR 0.87.

Inderes, the only analyst company to publicly follow Evli, expected an operating profit of EUR 9.3 million for the fourth quarter. Operating income was expected to be EUR 23.3 million, compared to EUR 22.8 million a year ago.

Evli had time to hold its Annual General Meeting last year before the coronary virus restrictions and thus pay its dividend for 2019 before the European Central Bank’s recommendation to postpone the dividend payment.

“In the last quarter, the positive development of the capital markets continued and stock prices rose by about ten percent globally, eventually ending up higher than the previous year. As in previous quarters, market optimism was supported by extensive economic and monetary support measures by governments and the introduction of interest rate vaccination. Investors’ confidence was also strengthened by expectations of accelerating global economic growth as the coronavirus pandemic gradually subsided and inflation expectations and thus interest rates remained low, ”Evli’s President and CEO Maunu Lehtimäki says in a press release.

Source: Arvopaperi by www.arvopaperi.fi.

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