Profit warning: Aktia lowers its outlook for 2022
15 July 2022 - 9:30PM
Profit warning: Aktia lowers its outlook for 2022
Aktia Bank PlcInsider information15 July 2022 at 2.30 p.m.
Profit warning: Aktia
lowers its outlook for
2022
The decline in the equity market and increasing interest rates
have made the market environment particularly challenging during
the first half of the year. Despite the positive net subscriptions,
the assets under management (AuM) have reduced during the second
quarter due to the negative value changes. The market value of the
life insurance company's investment portfolio has also declined. As
the market outlook for the rest of the year remains uncertain,
Aktia has decided to lower its outlook for 2022.
New outlook for
2022
Aktia's comparable operating profit in 2022 is expected to be
approximately at the same level as in 2021. The key uncertainties
related to the realisation of the outlook include the development
of the interest rate and equity markets as well as the general
economic situation.
Previous outlook for
2022
Aktia's comparable operating profit in 2022 is expected to be
somewhat higher than in 2021 provided that the market development
is favourable and the circumstances in society remain stable.
In 2021, Aktia's comparable operating profit was EUR 87.4
million.
Aktia publishes its half-year report on 5 August 2022.
AKTIA BANK PLC
Further information:
Outi Henriksson, CFO, tel. +358 10 247 6236Lotta Borgström,
Director, Investor Relations and Communications, tel. +358 10 247
6838, lotta.borgstrom (at) aktia.fi
Distribution:Nasdaq Helsinki LtdMass mediawww.aktia.com
Aktia is a Finnish asset manager, bank and life insurer that has
been creating wealth and wellbeing from one generation to the next
for 200 years. We serve our customers in digital channels
everywhere and face-to-face in our offices in the Helsinki, Turku,
Tampere, Vaasa and Oulu regions. Our award-winning asset management
business sells investment funds also internationally. We employ
approximately 900 people around Finland. Aktia's assets under
management (AuM) 31.12.2021 amounted to EUR 15.5 billion and the
balance sheet total was EUR 11.7 billion. Aktia's shares are listed
on Nasdaq Helsinki Ltd (AKTIA). aktia.com.
Aktia Bank Abp (LSE:0QF8)
Historical Stock Chart
From Jun 2024 to Jul 2024
Aktia Bank Abp (LSE:0QF8)
Historical Stock Chart
From Jul 2023 to Jul 2024