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Evli Pankki Oyj: Evli Bank Plc's Interim Report for January-September 2016


Evli Bank Plc's Interim Report for January-September 2016

Client assets under management exceed EUR 10 billion

January-September 2016

- The Group's net revenue was EUR 44.1 million (EUR 46.2 million).
- The Group's operating profit was EUR 7.8 million (EUR 9.2 million).
- The Group's profit increased to EUR 7.9 million (EUR 7.0 million). The
profit was positively affected by the exit fees received by the associated
- Evli was ranked best asset manager in Finland again in a survey by TNS Sifo
- Evli purchased the entire stock of Evli Awards Management Oy with an
agreement signed at the end of May.
- Evli's diluted earnings per share were EUR 0.33 (EUR 0.27).
- Net assets under management grew year on year and totaled EUR 10.0 billion
(EUR 8.5 billion) at the end of September, including associated companies and
Evli Awards Management Oy.

July-September 2016

- The Group's net revenue decreased by five percent year on year and was EUR
12.7 million (EUR 13.4 million).
- The Group's operating profit for the review period was EUR 2.3 million (EUR
2.7 million).
- Earnings per share amounted to EUR 0.08 (EUR 0.09).

Outlook for 2016 unchanged

Evli's business performance has been strong in recent years, and interest in
Evli's services and products is expected to remain stable. In the Corporate
Finance business, substantial fluctuations in annual profits are possible.
The unit's mandate base is at a healthy level. The ratio of Evli's recurring
revenue to expenses has developed as planned. We believe that the result for
2016 will be clearly positive.

Key figures

| 7-9 7-9 1-9 1-9 1-12 |
| |
| /2016 /2015 /2016 /2015 /2015 |
| Sales, M€ 13.2 13.8 45.7 47.4 66.0 |
| Net revenue, M€ 12.7 13.4 44.1 46.2 64.2 |
| Operating profit/loss, M€ 2.3 2.7 7.8 9.2 13.3 |
| Profit / Loss for financial year, M€ 1.8 1.9 7.9 7.0 12.3 |
| Operating profit/loss % of net revenue 18.2 20.2 17.6 20.0 20.6 |
| Earnings/share (EPS) 0.08 0.09 0.34 0.28 0.54 |
| Diluted earnings/share IFRS 0.07 0.08 0.33 0.27 0.53 |
| Return on equity % (ROE)* - - 15.8 18.0 20.2 |
| Recurring revenue ratio, % - - 90 90 93 |
| Dividend/share** - - - - 0.31 |
| Shareholders' equity per share - - 2.71 2.35 2.96 |
| Market value, M€*** - - 158.53 - 190.94 |
| Share price in end of period - - 6.80 - 8.19 |
| Personnel in end of period - - 242 240 248 |
* Annualized

** Dividend from 2015 approved by the Annual General Meeting. The dividend was
paid on March 17, 2016.
*** Series A shares are valued at the closing value of the series B shares.

Share-specific key figures for the comparison period have been calculated
using a split-corrected share count in accordance with the decision of the
Extraordinary General Meeting of October 1, 2015.

The figures are unaudited.

Maunu Lehtimäki, CEO

"In the third quarter, the Evli Group's revenue contracted by five percent
from the previous year, which was reflected as a reduction in operating
profit. The revenue performance of the Markets unit was held back by the
continuing low level of trading activity of Markets unit clients, and the
market making and trading returns that were lower than the previous year. The
revenue of the Corporate Finance unit was clearly below that of the previous
year as orders are concentrated in the remaining part of the year.

Performance in Wealth Management and the Treasury operations has been positive
and we achieved a new landmark as the Group's client assets under management
(including associated companies and incentive programs) exceeded EUR 10
billion. Evli Fund Management Company's net subscriptions starting from the
beginning of the year were EUR 536 million, and at the end of the period
market share had increased to 5.7% of fund capital registered in Finland. I
am really pleased that Finnish institutional investors have, for the second
year running, chosen Evli as Finland's best institutional asset manager (TNS
Sifo Prospera 2016).

On account of the recognition received and the success of our products, and
also our current system development project and the measures implemented so
far to reduce costs, our near-term earnings outlook is stable and full-year
result is expected to be clearly positive."


Board of Directors

For additional information, please contact:

Maunu Lehtimäki, CEO, tel. +358 (0)9 4766 9304 or +358 (0)50 553

Juho Mikola, CFO, tel. +358 (0)9 4766 9871 or +358 (0)40 717

Invitation to investors and analysts

CEO Maunu Lehtimäki and CFO Juho Mikola will present the Interim Report to
investors and analysts at Evli Bank (Aleksanterinkatu 19 A, 4 fl, Helsinki)
on Thursday, October 20, 2016 at 1 pm. The presentation will be held in
Finnish. The presentation material will be available in English at the>Investors after the event.

Evli Bank Plc in brief

Evli is a private bank that specializes in investment and helps private
persons and institutions increase their wealth. The Company offers asset
management services, various services related to the capital markets, such as
brokerage of equity and other investment products, market making and
investment research, and Corporate Finance services.

Nasdaq Helsinki Ltd, main media,

Evli Bank Plc's Interim Report January-September 2016

Evli Bank Plc Interim Report January-September 2016


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Evli Pankki Oyj via Globenewswire

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