ILMARINEN JANUARY MARCH Press Conference 29 April 2016
|
|
- Avis Cleopatra Armstrong
- 5 years ago
- Views:
Transcription
1 ILMARINEN JANUARY MARCH 2016 Press Conference 29 April
2 Q1/2016: RETURN ON INVESTMENTS Timo Ritakallio, President and CEO 2
3 INVESTMENT RETURN DEPRESSED BY DECLINE IN SHARE PRICES January March 2016 Investment return -1.4% Return on equity investments -3.7% Return on fixed income investments -0.5% Return on real estate investments 0.7% Long-term return at a good level Nominal return 5.7% Real return 4.1% Solvency 26.6% 3
4 KEY OBSERVATIONS ABOUT THE OPERATING ENVIRONMENT January March 2016 Share prices fell in Europe and Japan Interest rates plunged back to a record-low level Economic recovery continues to be weak in Finland and Europe Low raw material prices and deflation fears increased uncertainty on the markets 4
5 EUR billion MARKET VALUE OF INVESTMENTS REMAINED UNCHANGED AT CLOSE TO EUR 36 BILLION Asset allocation according to risk Equities and shares Real estate Other Fixed income incl. effect on derivates 5
6 RETURN DEPRESSED BY DECLINE IN STOCK MARKETS Quarterly investment returns Q1/2015 Q1/ % % 4.0 % % 0.0 % -2.0 % % -3.0 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 6
7 REAL RETURN ON INVESTMENTS IN THE LONG TERM 4.1% Net investment return at current value %
8 REAL RETURN CONTINUES ON A 4-PER CENT TREND Cumulative return on investments March % Ilmarinen's real return 3.5% cumulative real return 4.0% cumulative real return 8
9 VARYING INVESTMENT RETURNS DEPENDING ON PERIOD Return on investments in different periods % Average return over year Ilmarinen's nominal return Ilmarinen's real return 9
10 COMPARISON BETWEEN ILMARINEN S AND MARKETS INVESTMENT RETURNS Long-term average returns % Ilmarinen Finnish equities and shares European equities and shares Euro Government bonds Euro corporate Bonds Q1/ Average return over 5 years Average return over 10 years Average return since Real average return over 5 years Real average return over 10 years Real average return since
11 % of technical provisions SOLVENCY REMAINED STRONG Solvency development Solvency capital Provision for pooled claims treated equal to solvency capital Solvency limit The solvency ratio was 2.1 times the solvency limit. 11
12 WHAT S NEW AT ILMARINEN In terms of customer acquisition, the year is off to a good start, operating expenses have been in check and operations have been renewed. Development projects stemming from the strategy underway: e.g. at Wauhdittamo, ideas for digital services are being created together with employees and customers. New guidelines issued by the Financial Supervisory Authority on well-being at work activities and their financing 12
13 Q1: MARKET DEVELOPMENT, INVESTMENT PORTFOLIO STRUCTURE AND MARKET OUTLOOK Mikko Mursula, CIO 13
14 RETURN ON INVESTMENTS JANUARY MARCH % Asset allocation and return 14 Basic breakdown EUR mill. % Risk breakdown EUR mill. % Return % Fixed-income investments 16, , Loan receivables 1, , Bonds 14, , Public corporation bonds 4, , Other bonds 9, , Other money market instruments and deposits (incl. investment receivables and payables) , Equities and shares 13, , Listed equities and shares 10, , Private equity investments 2, , Non-listed equities and shares , Real estate investments 4, , Real estate investments 3, , Real estate funds and joint investments Other 1, , Hedge fund investments Commodity investments Volatility Other investments 1, , Investments total 35, , Effect of derivatives 3, Investments at current value 35, The modified duration of bond investments is 0.6 years The total return percentage includes income, expenses and operating expenses not allocated to any investment types
15 PROPORTION OF EQUITIES AND SHARES DECLINING Asset allocation development 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Equities and shares Real estate Other Fixed income incl. effect on derivates 15
16 REGIONAL DIFFERENCES IN SHARE PRICE DEVELOPMENT REFLECTED ON EQUITY DISTRIBUTION Geographical breakdown of equity investments % Finland Europe USA Japan China Emerging markets excl. China Q1/
17 FINNISH EQUITY HOLDINGS EUR 2.9 BILLION Most significant Finnish equity holdings EUR mill. 31 March Dec 2015 Percentage 31 March Dec 2015 Kone Corporation Digia Plc Neste Corporation PKC Group Oyj Nokia Corporation Basware Corporation Sampo plc A Technopolis Plc Citycon Oyj CapMan Plc Stora Enso Oyj Martela Corporation Wärtsilä Corporation Munksjö Oyj Fortum Corporation Incap Corporation UMP-Kymmene Corporation Componenta Corporation Kesko Corporation Citycon Oyj
18 18 Investment markets and economic outlook
19 CURRENT MARKET TOPICS Global economic growth rate Companies earnings power Investment activity ECB s stimulus programme Corporate bond purchases Government bond purchases European Union and Brexit Negative interest rates and financial sector 19
20 INVESTMENT OUTLOOK FOR 2016 Uncertainty and market volatility will continue Interest rates have remained low Negative interest rate environment expanding Central banks continue to rule The record-low interest rate level will continue to guide investors to seek alternatives! 20
21 FOR A BETTER LIFE! Twitter: ilmarinen_media Blog: 21
FINANCIAL STATEMENTS Timo Ritakallio, President and CEO Press Conference 19 Ferbuary 2016
FINANCIAL STATEMENTS 2015 Timo Ritakallio, President and CEO Press Conference 19 Ferbuary 2016 1 ILMARINEN TAKES CARE OF THE PENSION COVER OF CLOSE TO 900,000 FINNS 500,500 employees 38 400 companies 61
More informationILMARINEN S INTERIM REPORT Q2 / Press conference 23 August 2012 Harri Sailas, President and CEO
ILMARINEN S INTERIM REPORT Q2 / 2012 Press conference 23 August 2012 Harri Sailas, President and CEO KEY OBSERVATIONS SINCE JANUARY 2012 Moderate return on investments 3.3 per cent Long-term real return
More informationFINANCIAL STATEMENTS February 2014
FINANCIAL STATEMENTS 213 27 February 214 1 ILMARINEN S KEY FIGURES FOR 213 Return on investments 9.8 per cent Value of investment assets: EUR 32.3 billion Solvency capital: EUR 7.1 billion Solvency ratio:
More informationILMARINEN S INTERIM REPORT
ILMARINEN S INTERIM REPORT 1 JANUARY 30 JUNE 2018 RETURN ON INVESTMENTS 1.1%, INTEGRATION PROCEEDED AS PLANNED JANUARY JUNE FINANCIAL PERFORMANCE IN BRIEF: In January June, the return on Ilmarinen s investment
More informationILMARINEN S INTERIM REPORT
ILMARINEN S INTERIM REPORT 1 JANUARY TO 30 SEPTEMBER 2017 GOOD INVESTMENT RESULT BOOSTS SOLVENCY JANUARY SEPTEMBER FINANCIAL PERFORMANCE IN BRIEF: In January September, Ilmarinen s investment portfolio
More informationFINANCIAL STATEMENTS 2017
FINANCIAL STATEMENTS 2017 Elo Mutual Pension Insurance Company Pro forma figures are the combined figures of Pension Fennia and LocalTapiola Pension Company. ELO S YEAR 2017 Elo reached the best result
More informationTietoEnator Q4 and full year February 2008, Helsinki Strategy and actions for 2008 Interim CEO Åke Plyhm
TietoEnator Q4 and full year 2007 6 February 2008, Helsinki Strategy and actions for 2008 Interim CEO Åke Plyhm Performance and outlook CFO Timo Salmela Strategy and actions for 2008 Performance and outlook
More informationSupplementary Financial Information Sampo Group. January - March 2009
Supplementary Financial Information Sampo Group January - March 2009 Sampo Group in January March 2009 Sampo Group s profit before taxes amounted to EUR 169 million (142). EPS amounted to EUR 0.23 (0.18),
More informationThe amount of investment assets EUR billion at the end of March 2016
1 (8) The amount of investment assets EUR 177.9 billion at the end of March 2016 The amount of pension funds fell slightly in the first quarter. At the end of March, the total net amount of earnings-related
More informationInvestment assets totalled EUR billion at the end of 2016 return for the past 20 years 4.3 per cent in real terms
1/13 Investment assets totalled EUR 188.5 billion at the end of 2016 return for the past 20 years 4.3 per cent in real terms At the end of 2016, the total net amount of assets put into funds by earnings-related
More informationEFNL ishares MSCI Finland ETF
ishares MSCI Finland ETF ETF.com segment: Equity: Finland - Total Market Competing ETFs: Related ETF Channels: Finland, Total Market, Broad-based, ESG, Single Country, Vanilla, Europe, Equity, Size and
More informationEFNL ishares MSCI Finland ETF
ishares MSCI Finland ETF ETF.com segment: Equity: Finland - Total Market Competing ETFs: N/A Related ETF Channels: Finland, Total Market, ESG, Single Country, Vanilla, Europe, Equity, Size and Style, Broad-based
More informationSupplementary Financial Information Sampo Group. January-December 2010
Supplementary Financial Information Sampo Group January-December 2010 Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect to certain
More informationSupplementary Financial Information Sampo Group. January - June 2009
Supplementary Financial Information Sampo Group January - June 2009 Sampo Group in January June 2009 Sampo Group s profit before taxes amounted to EUR 433 million (422). EPS amounted to EUR 0.61 (0.60),
More informationVarma s Interim Report 1 January 30 June 2016
Varma s Interim Report 1 January 30 June 2016 The comparison figures in parentheses are from 30 June 2015 unless otherwise indicated. Total result amounted to EUR 733 (700) million. The three-month return
More informationHEX25 Closing and Volatility 1 Feb Feb /2000 4/2000 7/ /2000 1/2001 4/2001 7/2001 9/ /2001
1. HEX25 INDEX The HEX25 Stock Index is a capitalisation weighted share price index. It is calculated on a continuous basis from the most recent prices of the 25 most traded share series that are listed
More informationSAMPO HOUSING LOAN BANK PLC
SAMPO HOUSING LOAN BANK PLC ANNUAL REPORT AND ACCOUNTS 2007 SAMPO HOUSING LOAN BANK PLC C O N T E N T S Board of Directors Report 1 Income statement 5 Balance sheet 6 Statement of changes in equity 7 Cash
More informationBoard s proposals to the Annual General Meeting 12 April, 2016
Board s proposals to the Annual General Meeting 12 April, 2016 1 Dividend policy and payment of dividend Dividend policy: Company targets to distribute at least 50% of net profits in dividends. Parent
More informationFortum Executive Management team 31 December Group Management. Annual Report 2014
Fortum's Annual Report Fortum is an energy company highly committed to sustainability. We strive to respond to the needs of our customers by generating, selling and distributing low-carbon electricity
More informationPRESS RELEASE 1 ( 8 ) 13 September 2018 at 9:30. Solidium Oy s financial statements and half-year report 1 January 30 June 2018:
PRESS RELEASE 1 ( 8 ) 13 September 2018 at 9:30 Solidium Oy s financial statements and half-year report 1 January 30 June 2018: Financial year 1 July 2017 30 June 2018 The return on equity holdings was
More informationTECHNOPOLIS GROUP Q3/2010
TECHNOPOLIS GROUP Q3/2010 Technopolis Group A profitable growth company A real estate-service hybrid Business environments for knowledge-intensive companies Our specialty is the creation, management and
More informationSAVINGS SÄÄSTÖPANKKIRYHMÄN
SAVINGS SÄÄSTÖPANKKIRYHMÄN BANKS GROUP'S Half- Puolivuosikatsaus year Report 1 January-30 1.1.-30.6.2016 June 2016 SAVINGS BANKS GROUP'S HALF-YEAR REPORT 1 JANUARY-30 JUNE 2016 Table of contents Savings
More informationVarma's Financial Statements 1 January 31 March April 2018 Varma s Interim Report 1 January 31 March 2018
Varma's Financial Statements 1 January 31 March 2018 1 Strong solvency and diversification offered protection in market turmoil Solvency capital, 11.1 bn Market value of investments, 45.7 bn Return on
More informationThe Royal Bank of Scotland plc
FINAL TERMS Dated 7 January 2012 The Royal Bank of Scotland plc (incorporated in Scotland with limited liability under the Companies Acts 1948 to 1980 registered number SC090312) UP TO EUR 10,000,000 5Y
More informationAktia Bank. Interim Report 1-6/2016
Aktia Bank Interim Report 1-6/2016 4-6/2016: One-time gains improved result Operating profit was EUR 22.4 (19.7) million. One-time gain from sale of Visa Europe EUR 5.9 million. Comparable operating profit
More informationCountry Panel Presentation: Finland
Country Panel Presentation: Finland 2016 IGP Regional EMEA Seminar Windsor, May 24-26, 2016 Riitta Jokelainen, Account Executive Mandatum Life This presentation was exclusively prepared for the attendees
More informationElo Mutual Pension Insurance Company Financial statements for 2014
Elo Mutual Pension Insurance Company Financial statements for 2014 Key indicators Pro forma 31.12.2014 31.12.2013 31.12.2013 Company size Premiums written, EUR million 3,022.9 1,602.7 2,929.0 Pensions
More informationIlmarinen Mutual Pension Insurance Company
Firm: Ilmarinen Mutual Pension Insurance Company Ilmarinen Mutual Pension Insurance Company Evaluator Founded in Hidden Hidden Hidden Hidden EU mergers and takeovers (June 30) Headcount: Hidden Assets
More informationPerformance. Monthly returns. Periodic returns. Periodic Returns of Portfolios. Monthly Performance of Portfolios
Date: 01.01.2013-31.03.2019 Performance Value change 88.78% Monthly returns Year jan feb mar apr may jun jul aug sep oct nov dec YTD 2019 4.99 2.43 2.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.23
More informationVarma s Interim Report 1 January 30 June 2017
1 (11) Varma s Interim Report 1 January 30 June 2017 The comparison figures in parentheses are from 30 June 2016, unless otherwise indicated. Total result amounted to EUR 1,051 ( 733) million. The half-year
More informationANNUAL AND CSR REPORT
ANNUAL AND CSR REPORT CONTENTS 4 4 6 The year President and CEO s Review The year in brief 8 Strategy and operating environment 12 Responsible Varma 15 15 18 20 Responsibility for pension assets Strong
More informationOKO BANK PLC INTERIM REPORT 1 APRIL 30 JUNE 2007 WITH PRESIDENT AND CEO'S COMMENTS
OKO BANK PLC Company Release 9 August 2007 at 8.00 am OKO BANK PLC INTERIM REPORT 1 APRIL 30 JUNE 2007 WITH PRESIDENT AND CEO'S COMMENTS President and CEO's comments: "In the second quarter, consolidated
More informationVarma s Interim Report 1 January 30 June Varma s Interim Report 1 January 30 June 2017
Varma s Interim Report 1 January 30 June 2017 Strong result as economy recovers Solvency capital, 11.2 bn Market value of investments, 45.0 bn Return on investments 4.7% Investment returns 2008 2017 Investments
More informationSAMPO GROUP LIFE INSURANCE
1 / 53 216 KALEVA MUTUAL INSURANCE COMPANY ANNUAL REPORT 2 / 53 CONTENTS REPORT OF THE BOARD OF DIRECTORS PROFIT AND LOSS ACCOUNT BALANCE SHEET CASH FLOW STATEMENT ACCOUNTING PRINCIPLES PREMIUMS WRITTEN
More informationPohjola Bank plc Interim Report for 1 January 30 June 2010
Pohjola Bank plc s Interim Report for 1 January 1 Pohjola Bank plc Company Release, 4 August, 8.00 am Release category: Interim Report Pohjola Bank plc Interim Report for 1 January January June Year on
More informationTieto Q3 results: Markets and customers: Early signs of stabilization. Profitability improved. Markets gradually bottoming out.
Tieto Q3 results: Profitability improved. Markets gradually bottoming out. 21 October 29 Helsinki, Finland Hannu Syrjälä President and CEO Seppo Haapalainen CFO Reeta Kaukiainen EVP, Comms&IR 29 Tieto
More informationEXEL OYJ FINANCIAL STATEMENTS BULLETIN at (15) EXEL OYJ S FINANCIAL STATEMENTS BULLETIN 2008
EXEL OYJ FINANCIAL STATEMENTS BULLETIN 13.2.2009 at 9.50 1 (15) EXEL OYJ S FINANCIAL STATEMENTS BULLETIN 2008 January-December 2008 highlights and outlook for 2009 - Net sales for the financial year decreased
More informationinterim report 1/1 31/3/2017
interim report 1/1 31/3/2017 NORVESTIA IN BRIEF Norvestia Oyj is a publicly listed investment company. Norvestia s twofold investment strategy consists of market investments and Growth Equity. Market investments
More informationOKO Bank Presentation. Finnish Economy Finnish Financial Industry OP Bank Group OKO Bank Funding Strategy
OKO Bank Presentation I II III IV V Finnish Economy Finnish Financial Industry OP Bank Group OKO Bank Funding Strategy 1 I Finnish Economy 2 Nordic countries in a nutshell Iceland Population: 0.3 million
More informationVacon develops sustainable energy solutions for the future
Vacon develops sustainable energy solutions for the future Berenberg Energy Efficiency Conference Zürich - May 23 rd Vesa Laisi, President and CEO of Vacon Pia Aaltonen-Forsell, CFO of Vacon 1 Disclaimer
More informationINTERIM REPORT 5 NOVEMBER 2015
Q3 INTERIM REPORT JANUARY SEPTEMBER 2015 5 NOVEMBER 2015 Contents 3 Summary 5 Third quarter 2015 in brief 6 Change in reporting practices as of 1 January 2016 7 Business areas 7 P&C insurance 10 Associated
More informationSAMPO HOUSING LOAN BANK PLC
SAMPO HOUSING LOAN BANK PLC ANNUAL REPORT AND ACCOUNTS 2008 SAMPO HOUSING LOAN BANK PLC C O N T E N T S Board of Directors Report 1 Income statement 5 Balance sheet 6 Statement of changes in equity 7 Cash
More informationinterim report 1/1 31/3/2016
interim report 1/1 31/3/2016 SIMPLE AND TRANSPARENT INVESTMENT Norvestia is a publicly listed investment company and by acquiring its shares investors indirectly own a comprehensive cross-section of the
More informationDIGIA PLC STOCK EXCHANGE RELEASE 29 APRIL 2016 at 09:01 QT BUSINESS, FIRST QUARTER 2016
DIGIA PLC STOCK EXCHANGE RELEASE 29 APRIL 2016 at 09:01 QT BUSINESS, FIRST QUARTER 2016 Digia Plc published its interim report for the first quarter of 2016 today. In this stock exchange release, Digia
More informationInterim Report January-June Nordea Bank Finland Plc
Interim Report January-June 2004 Nordea Bank Finland Plc Interim Report, January-June 2004 Summary The Finnish economy picked up in the first half of 2004. Private consumption growth remained robust underpinned
More informationSTATEMENT. Evaluation of the fair value of Sponda Plc s investment properties on 31 December 2009
STATEMENT Evaluation of the fair value of Sponda Plc s investment properties on 31 December 2009 0 1 EVALUATION OF THE FAIR VALUE OF SPONDA PLC S INVESTMENT PROPERTIES Sponda Plc conducts its own quarterly
More informationThe Fortum share and shareholders
FORTUM FINANCIALS 2 Operating and financial review 27 The Fortum share and shareholders Fortum Corporation s shares have been listed on NASDAQ OMX Helsinki since 18 December 1998. The trading code is FUM1V.
More informationVarma s Interim Report 1 January 30 September 2017
1 (9) Varma s Interim Report 1 January 30 September 2017 The comparison figures in parentheses are from 30 September 2016, unless otherwise indicated. Total result amounted to EUR 1,262 (234) million.
More informationTornator Oyj Financial Statements Release. Tornator Oyj. Financial Statements and Board of Directors Report 1 January 31 December 2017
Tornator Oyj Financial Statements Release Tornator Oyj Financial Statements and Board of Directors Report 1 January 31 December 2017 Tornator grows profitably in 2017 Financial Statements Release, 6 February
More informationPKC Group Oyj FY 2009 Investor Presentation 18th of February 2010
PKC Group Oyj FY 29 Investor Presentation 18th of February 21 1-12/9 Highlights Net sales amounted to EUR 21.8 million (311.7 million), down 35.3% compared to 1-12/8. Operative expenses (without material
More informationOP Corporate Bank plc Report by the Board of Directors and Financial Statements 2017
OP Corporate Bank plc Report by the Board of Directors and Financial Statements 2017 OP Contents OP OP Corporate Bank plc Financial Statements and Report by the Board of Directors 2017 REPORT BY THE BOARD
More informationContents. Sampo Group Interim Report January September Contents. Summary 3
Contents Contents Summary 3 THIRD quarter 2013 in brief 4 Business areas 5 P&C insurance 5 Associated company Nordea Bank Ab 8 Life insurance 10 Holding 12 Other developments 13 Personnel 13 Remuneration
More informationInterim report 1 January 31 March Casting Future Solutions
Interim report 1 January 31 March 2009 Consolidated net sales in the review period totalled MEUR 88.1 (MEUR 185.0). Operating profit excluding one-time items was MEUR -6.1 (MEUR 23.1). The result after
More informationKey figures for asset management in 2015
- - Gross assets managed by French asset management companies continued to rise in 2015 and ended the year at EUR 3.458 trillion. At a time of flat economic growth, high volatility and the sustained low-interest-rate
More informationFinancial Statement Release
2017 Financial Statement Release 7 FE B RUARY 201 8 Contents Summary 3 Fourth quarter in brief 5 Business areas 6 If 6 Topdanmark 9 Associated company Nordea Bank AB 10 Mandatum Life 12 Holding 14 Other
More informationVINX Benchmark EUR_GI
VINX Benchmark EUR_GI The VINX Benchmark index (VINXB) consists of a selection of the largest and most traded stocks, with representation from a majority of the Industries. The weight of each constituent
More informationANNUAL GENERAL MEETING 8 APRIL President Harri Takanen
ANNUAL GENERAL MEETING 8 APRIL 2010 President Harri Takanen Year 2009 Scanfil plc The Extraordinary General Meeting of Scanfil EMS Oy decided on 30 September 2009 on a capital return of EUR 65 million
More informationInterim report January June DNA Oy
Interim report January June 2015 DNA Oy 1 Contents Business review CEO Jukka Leinonen Highlights and overview Q2/2015 Subscription base Mobile data growth Strategic objectives 2015 Financial overview CFO
More informationNOTICE OF AHLSTROM CORPORATION S ANNUAL GENERAL MEETING
NOTICE OF AHLSTROM CORPORATION S ANNUAL GENERAL MEETING Notice is given to the shareholders of Ahlstrom Corporation to the Annual General Meeting to be held on Tuesday, March 25, 2014 at 1:00 p.m. at the
More informationVarma s Interim Report 1 January 30 September 2016
1 (8) Varma s Interim Report 1 January 30 September 2016 The comparison figures in parentheses are from 30 September 2015 unless otherwise indicated. Total result amounted to EUR 234 ( 745) million. The
More informationPKC Group Oyj FINANCIAL STATEMENT RELEASE 17 February a.m. PKC GROUP S FINANCIAL STATEMENT RELEASE, 1 January 31 December 2010
PKC Group Oyj FINANCIAL STATEMENT RELEASE 17 February 2011 8.15 a.m. PKC GROUP S FINANCIAL STATEMENT RELEASE, 1 January 31 December 2010 Consolidated net sales grew 56.6% on the previous year (1-12/2009),
More informationSolvency and Financial Condition Report
Solvency and Financial Condition Report Report in accordance with European Commission Delegated Regulation 2015/35 Helsinki, 26 April 2018 Table of Contents A. Business and performance 4 A.1 Business 4
More informationINTERIM REPORT JANUARY-SEPTEMBER 2015 PRESIDENT AND CEO MIKKO HELANDER 22 OCTOBER 2015
INTERIM REPORT JANUARY-SEPTEMBER 215 PRESIDENT AND CEO MIKKO HELANDER 22 OCTOBER 215 1 KEY EVENTS IN Q3 Measures taken to strengthen the competitiveness of the grocery trade have progressed as planned
More informationINTERIM REPORT
INTERIM REPORT 1.9.2010-28.2.2011 2 Vaahto Group For the period September 1, 2010 February 28, 2011 Vaahto Group s turnover for September 1, 2010, to February 28, 2011, was 24.9 million euros (compared
More informationBjörn Wahlroos Chairman of the Board
Sampo plc Annual General Meeting 18 April 2013 Björn Wahlroos Chairman of the Board USA and Euro area industrial production 105 100 2007=100 USA 95 90 85 Euro area 80 2007 2008 2009 2010 2011 2012 2013
More informationAVIVA INVESTORS PORTFOLIO FUNDS ICVC
AVIVA INVESTORS PORTFOLIO FUNDS ICVC SHORT REPORT For the year ended 28 February 2015 Contents Aviva Investors Multi-Manager Flexible Fund 2 Aviva Investors Multi-Manager 40-85% Shares Fund 8 Aviva Investors
More informationInterim Report January-June August 2018 Varma s Interim Report 1 January 30 June 2018
Interim Report January-June 2018 New record in the value of Varma s investments, 1.7% return in H1 Solvency capital, Market value of investments, Return on investments 11.4 bn 46.4 bn 1.7% Value of Varma
More informationLehto Group Plc s half-year financial report 1 January 30 June Net sales up by 64.7%, operating profit 8.6% of net sales in January-June
Lehto Group Plc s half-year financial report 1 January 30 June 2017 Net sales up by 64.7%, operating profit 8.6% of net sales in January-June This half-year financial report has been prepared in accordance
More informationVarma s Interim Report 1 January 31 March Varma s Interim Report 1 January 31 March 2017
Varma s Interim Report 1 January 31 March 2017 Good first quarter for Varma Solvency capital, 10.8 bn Market value of investments, 44.4 bn Return on investments 2.7% Value of investments grew to EUR 44.4
More informationBOARD S PROPOSALS TO THE ANNUAL GENERAL MEETING
BOARD S PROPOSALS TO THE ANNUAL GENERAL MEETING APRIL 10, 2018 M B O A R D S P R O P O S A L S T O T H E A N N U A L G E N E R A L M E E T I N G D i v i d e n d p o l i c y a n d p a y m e n t o f d i
More informationLEHTO GROUP PLC BUSINESS REVIEW, 1 JANUARY 31 MARCH Net sales up by 29.5%, operating profit was 8.5% of net sales
LEHTO GROUP PLC BUSINESS REVIEW, 1 JANUARY 31 MARCH 2017 Net sales up by 29.5%, operating profit was 8.5% of net sales This is not an interim report as specified in the IAS 34 standard. The company complies
More informationRAPALA VMC PLC STOCK EXCHANGE RELEASE (6)
RAPALA VMC PLC STOCK EXCHANGE RELEASE 10.5.2005 1(6) RAPALA VMC PLC PRELIMINARY OPENING BALANCE SHEET AND COMPARATIVE FINANCIAL INFORMATION 2004 ACCORDING TO IFRS Rapala VMC Group applies IFRS (International
More informationPohjola Group Interim Report for 1 January 30 September 2015
Pohjola Bank plc Interim Report for 1 January 30 September 2015 Stock Exchange Release 28 October 2015 at 08.00 am Pohjola Group Interim Report for 1 January 30 September 2015 Consolidated earnings before
More informationREPORT ON OPERATIONS AND FINANCIAL STATEMENTS 2015
REPORT ON OPERATIONS AND FINANCIAL STATEMENTS 2015 Porkkalankatu 1, FI-00018 Ilmarinen Tel. +358 10 284 11 www.ilmarinen.fi REPORT ON OPERATIONS 1. ECONOMIC DEVELOPMENT The long-term weak performance of
More informationPress Conference on Annual Results. Frankfurt am Main, 15 April 2015
Press Conference on Annual Results Frankfurt am Main, 15 April 215 Germany and Europe facing enormous challenges Demands on banks are growing Weak global growth Persistently low interest rates Regulatory
More informationPohjola Bank plc s Interim report for 1 January 30 June 2014
Pohjola Bank plc s Interim report for 1 January 30 June 2014 Pohjola Bank plc Stock exchange release 6 August 2014, 8.00 am Interim Report Pohjola Group Performance for January June 1) Consolidated earnings
More informationREPORT ON OPERATIONS AND FINANCIAL STATE- MENTS 2017
REPORT ON OPERATIONS AND FINANCIAL STATE- MENTS 2017 Ilmarinen Porkkalankatu 1, Helsinki FI-00018 Helsinki Porkkalagatan 1, Helsingfors Puh / Tfn / Tel +358 10 284 11 www.ilmarinen.fi 1 REPORT ON OPERATIONS
More informationAtria Plc 1 January 31 March 2010
Atria Plc 1 January 31 March President and CEO Matti Tikkakoski 28 April, Review Net sales 305.9 310.7 1,316.0 EBIT 1.0-0.4 27.5 EBIT % 03 0.3-0.1 01 21 2.1 Profit before taxes -1.8-5.5 16,5 Earnings per
More informationUPM-Kymmene Corporation Financial Review January 2004
UPM-Kymmene Corporation Financial Review 23 29 January 24 Key figures 23 23 22 Change Turnover, million EUR 9 948 1 475-527 Operating profit, excl. non-recurring items EUR million - % of turnover 655 6.6
More informationEuro & talous 1/2011. Monetary policy and the global economy Finland s economic outlook
Euro & talous 1/211 Monetary policy and the global economy Finland s economic outlook Governor Erkki Liikanen 24 March 211 1 Topics Topical issues Global economic forecast Finland s economic outlook 211
More informationSampo Capital Markets Day London, 07 September Heikki Ilkka Nordea Group CFO
Sampo Capital Markets Day London, 07 September 2017 Heikki Ilkka Nordea Group CFO Nordea in brief The largest financial services group in the Nordics Household market position #1 Corporate & Institutional
More informationCEO s review. Pertti Korhonen Annual General Meeting Outotec - All rights reserved
CEO s review Pertti Korhonen 2013 Our values define our way of working 2 For Outotec, corporate responsibility means creating shared value Shareholder Value The social responsibility of business is to
More informationinterim report 1/1 30/9/2013
interim report 1/1 30/9/2013 Q3 SIMPLE AND TRANSPARENT INVESTMENT Norvestia s purpose is to make professional investment activities accessible to all, on equal terms, with the aim of making a steady return,
More informationNet sales growth over 11 per cent. Operating profit in the domestic business improved significantly and Qt remained profitable.
Net sales growth over 11 per cent. Operating profit in the domestic business improved significantly and Qt remained profitable. Digia Plc Interim Report Q1/2016 Juha Varelius 29 April, 2016 Summary for
More informationTERMS AND CONDITIONS OF THE RIGHTS ISSUE
TERMS AND CONDITIONS OF THE RIGHTS ISSUE Background Citycon Oyj (the Company ) and CPP Investment Board European Holdings S.à r.l ( CPPIBEH ), a wholly owned subsidiary of Canada Pension Plan Investment
More informationInterim Statement 1 1 M AY
Q1 Interim Statement January March 2017 11 MAY 2017 Contents Summary 3 Business areas 5 P&C insurance 5 Associated company Nordea Bank AB 7 Life insurance 9 Holding 11 Other developments 12 Annual General
More informationResult Q4 and year Kjell Forsén CEO Vaisala Group
Result Q4 and year 2007 Kjell Forsén CEO Vaisala Group Vaisala and the changing world The state of the environment and accurate environmental observations are gaining growing interest in the changing world.
More informationGlobal Economy is Expected to Grow by 3.4 % in 2016 GDP growth in 2016, %
Russia Brazil Mexico Rest of Latin America Rest of Eastern Europe Middle East and Africa Global Economy is Expected to Grow by 3.4 % in 216 GDP growth in 216, % 9 8 7 6 5 4 3 2 1-1 -2-3 -4 North America
More informationRESULT JANUARY-JUNE 2006, August 8th. Mr. Kim Gran, President and CEO
RESULT JANUARY-JUNE 2006, August 8th Mr. Kim Gran, President and CEO 1 CONTENTS Result H1 2006 Page Key figures 3 Operating profit per quarter 4 Market situation 5 Nokian Tyres H1 2006 6 Net sales by product
More informationFinland's Balance of Payments. Annual Review 2007
Finland's Balance of Payments Annual Review 27 Direct investment, stock 1998 27 9 8 7 6 5 4 3 2 1 1998 1999 2 21 22 23 24 25 26 27 In Finland (LHS) Abroad (LHS) In Finland, of GDP (RHS) Abroad, of GDP
More informationTYEL CONTRIBUTION AND WORK CAPACITY GO HAND IN HAND 3
LARGE EMPLOYER S TYEL CONTRIBUTION 2019 1 CONTENTS TYEL CONTRIBUTION AND WORK CAPACITY GO HAND IN HAND 3 COMPONENTS OF YOUR TYEL CONTRIBUTION 4 Employees also contribute 5 As a large employer you belong
More informationSATO Interim report
Interim report 1.1. 30.6.2007 SATO Interim report 1.1. 30.6.2007 Summary of the period 1-6/2007 the Group s turnover was 140.5 (1.1. 30.6.2006: 152.8) million euros profit before taxes was 18.7 (24.8)
More informationReview of interim results. January-June 1998
Review of interim results January-June 1998 A new bank emerges... 2 Continued good performance of combined banking operations Operating profit up 31 per cent at FIM 4.9 billion (SEK 7.1 billion) Adjusted
More informationPART I STRATEGY AND MARKET POSITION. Strategy
PART I STRATEGY AND MARKET POSITION Strategy Vision Customers Personnel Investors The most attractive and successful bank in Finland. Growth Profitability Shareholder value Mission To create economic value
More informationEDITA GROUP KEY FIGURES Jan-Jun 2009 Jan-Jun 2008 Jan-Dec 2008
1 (9) Interim Report September 2, 29 EDITA GROUP INTERIM REPORT JANUARY 1 JUNE 3, 29 Increase in net revenue and operating profit The net revenue of the Edita Group s continuing operations increased 9
More informationLännen Tehtaat plc INTERIM REPORT Q Hotel Scandic Simonkenttä, Helsinki. Matti Karppinen CEO. 1 Interim Report Q November 2,
plc INTERIM REPORT Q3 2011 November 2, 2011 Hotel Scandic Simonkenttä, Helsinki Matti Karppinen CEO 1 Interim Report Q3 2011 November 2, 2011 1 Frozen Foods Seafood Grains and Other Operations Oilseeds
More informationEuro area quarterly balance of payments and international investment position (second quarter of 2016)
PRESS RELEASE 7 October 2016 Euro area quarterly balance of payments and international position (second quarter of 2016) The current of the euro area showed a surplus of 348.7 billion (3.3% of euro area
More informationInterim Report September 2011 August 2012
September 2011 August 2012 VAAHTO GROUP INTERIM REPORT: 1 SEPTEMBER 2011 31 AUGUST 2012 1 Vaahto Group FOR 1 SEPTEMBER 2011 31 AUGUST 2012 Vaahto Group s turnover for 1 September 2011 31 August 2012 was
More informationContents YEAR 2015 IN BRIEF 3 BOARD OF DIRECTORS REPORT 4 IFRS FINANCIAL STATEMENTS Consolidated comprehensive income statement 9
Annual Report 2015 Contents YEAR 2015 IN BRIEF 3 BOARD OF DIRECTORS REPORT 4 IFRS FINANCIAL STATEMENTS 2015 Consolidated comprehensive income statement 9 Consolidated balance sheet 10 Consolidated statement
More informationContents. Financial Statements. Annual Report Consolidated Income Statement. Consolidated Balance Sheet. Consolidated Cash Flow Statement
Annual Report 2015 Contents Financial Statements Consolidated Income Statement Consolidated Balance Sheet Consolidated Cash Flow Statement Changes in Shareholders' Equity Basic Information on the Group
More information