Annual report [unaudited]

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Annabelle Carroll
6 years ago
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2 Annual report [unaudited] OPR-Vakuus Group Loans granted of the fourth quarter rose 6.6% from the previous year amounting to EUR 46.2m (EUR 28.7m /2). Revenues (sales + interest income) of the fourth quarter rose 35.7% from the previous year amounting to EUR.8m (EUR 1.2m). EBT of the fourth quarter decreased 2.2% due to one-off items and amounted to EUR 3.5m (EUR 4.4m). EBT-margin was respectively 25.3% (42.9%). KEY FINANCIALS, EURm Loans granted 79, 1,7 1,7 1,6 28,7 46,2 Revenues 23,1 35,5 35,5 47,8 1,2,8 EBT 6,5,5,5,5 4,4 3,5 EBT-margin % 28,1 % 38,1 % 38,1 % 32,4 % 42,9 % 25,3 % Loan receivables 49,5 76,9 76,9 118,1 76,9 118,1 Equity ratio 64,7 % 58,4 % 58,4 % 5,8 % 58,4 % 5,8 % LOANS GRANTED EURm EBT EURm We offer Ostosraha loans to our Finnish consumer customers now up to 1, euros. This has positioned our consumer credit offering at market in a new way. 28,7 46,2 +6,6% -2,2% 4,4 3,5 Group international operations are developing strongly. Particularly, in Sweden the demand for our loan products has been strong in both B2C and B2B segments. After the review period we have launched our B2B-operations in the Netherlands according to our growth strategy. OPR-Group operates now in five countries total

3 Essential business indicators OPR-Vakuus Group QUARTERLY LOANS GRANTED (EURm) QUARTERLY LOANS GRANTED ROLLING MONTHS LOANS GRANTED DISTRIBUTION / EURm % % 5% 3% Credit limit Installment loans Single payment Business loans QUARTERLY REVENUES (EURm) 1 QUARTERLY REVENUES ROLLING MONTHS (EURm) 1 REVENUES DISTRIBUTION / % 17% 43% 35% Credit limit Installment loans Single payment Business loans 1) /2 includes non-recurring revenues associated with a sale of receivables portfolio worth EUR 3.1m total 2

4 Profit development OPR-Vakuus Group QUARTERLY EARNINGS BEFORE TAXES (EBT) ROLLING MONTHS (EURm)

5 Consumer financing

6 Consumer financing OPR-Vakuus Group COMMENTS OPR-Vakuus Group grants consumer loans to its customers in Finland, Sweden and Czech During the review period Consumer financing was significantly ahead of the previous year and the previous quarter in both loans granted and revenues Loans granted /2 loans granted EUR 39.6m (/2 EUR 25.3m, change +57%) -/2 loans granted EUR 3.7m (-/2 EUR 11.4m, change +32%) Revenues /2 revenues EUR 11.2m (/2 EUR 8.8m, change +27%) -/2 revenues EUR 38.5m (-/2 EUR 31.m, change +24%) Larger maximum loan amounts than before acted as the main driver for strong growth during the fourth quarter of the year QUARTERLY LOANS GRANTED (EURm) LOANS GRANTED DISTRIBUTION /2 58% 7% 35% Credit limit Installment loans Single payment QUARTERLY REVENUES (EURm) LOANS GRANTED DISTRIBUTION /2 % 1% 85% Finland Sweden Czech Republic 5

7 Business financing

8 Business financing OPR-Vakuus Group COMMENTS QUARTERLY LOANS GRANTED (EURm) QUARTERLY REVENUES (EURm) OPR-Vakuus Group grants working capital loans to its corporate customers in Finland, Sweden, Denmark and the Netherlands During the last quarter loans granted and revenues of Business financing fell short from the strong level of the previous period as anticipated. However, strong international growth visible in the total distribution of the business has continued especially in Sweden Loans granted 8, 7, 6, 5, 4, 3, 2, 1,, 3, 2,5 2, 1,5 1,,5, /2 loans granted EUR 6.5m (/2 EUR 3.5m, change +89%) LOANS GRANTED DISTRIBUTION /2 REVENUES DISTRIBUTION /2 -/2 loans granted EUR 27.9m (-/2 EUR.3m, change +95%) 5% 6% Revenues /2 revenues EUR 2.3m (/2 EUR 1.1m, change +19%) -/2 revenues EUR 9.1m (-/2 EUR 4.4m, change +16%) New operational countries launched during 2 have established their positions locally and proven existence of significant demand for the concept also outside Finland 24% 71% Finland Sweden 33% Denmark 61% Finland Sweden Denmark 7

9 Financial review

10 Group income statement /2 EURk, unaudited /2 -/2 /2 -/2 Sales Interest income Other operating income Revenues total Operating expenses Depreciation and amortization EBIT Interest and other financial expenses EBT Income taxes Profit for the period

11 Group balance sheet /2 EURk, unaudited Non-current assets Current assets Long term receivables Short term receivables Loan receivables Other receivables Total short term receivables Cash and cash equivalents Total current assets Total assets Equity Share capital Invested non-restricted equity Translation difference Retained earnings Profit for the period Total equity Liabilities Long term liabilities Interest bearing debt Short term liabilities Interest bearing debt Other liabilities Total short term liabilities Total liabilities Total equity and liabilities

12 Equity OPR-Vakuus Group SUMMARY Equity ratio is assessed through both the total amount of equity and hard equity 1 " Hard equity consists of the group s equity subtracted by the share of preferred B- and C- series stocks Key figures for /2 were /2 equity hard equity EUR 27.9m (/2 EUR 19.2m, change +45.%) /2 equity ratio 5.8% (/2 58.8%) /2 equity ratio hard equity 21.9% (/2 23.%) EQUITY RATIO 8% 6% 4% 2% % OMA EQUITY PÄÄOMA (EURm) EURm EQUITY RATIO HARD EQUITY 1 6% 4% 2% % EQUITY ( HARD EQUITY ) 1 (EURm) ) Hard equity refers to the accounting manner in which B- and C-series stock investments are regarded as liabilities 11

13 Tuottoa.fi Possibility for the public to invest in OPR-Vakuus preferred shares SUMMARY In Tuottoa.fi program OPR offers investors a possibility to own the company through preferred B- and C-series shares From January 1 st 2 the public has had a possibility to subscribe OPR s C-series preferred shares that entitles for a 7% dividend yield B-series preferred shares were offered to the public during In the end of /2 the cumulative net amount of investments was EUR 36.8m. These were divided as follows: B-series EUR 21.9m C-series EUR.9m In the end of /2 the number of investors was 1181 in total. Average investment was some EUR 31k By the end of /2 OPR has paid dividends to B- and C-series shareowners in total of EUR 6.7m for the whole duration of the program NUMBER OF OWNERS BY INVESTMENT AMOUNT ACCUMULATED INVESTMENTS (EURm) EUR 1k + EUR 5-1k Below EUR 5k OWNERSHIP STRUCTURE BY INVESTMENT AMOUNT,6 9,6 1,6 DIVIDENDS TO B- AND C-SERIES (EURk) biggest 21-1 biggest 11 + biggest

Interim report [unaudited]

Interim report [unaudited] Interim report 1.1. 3.9.2 [unaudited] OPR-Vakuus Group Loans granted of the third quarter rose 26.3% from the previous year amounting to EUR 51.7m (EUR 4.9m /2) Revenues (sales + interest income) of the