Estonia · Delayed Price · Currency is EUR AS LHV Group Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 net profit was EUR 20 million, matching the financial plan, with strong capital and liquidity. Loan and deposit growth outpaced the market, while insurance faced higher claims and a net loss. Positive trends are expected to continue, especially if credit risk remains low.
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Estonia and the UK are expected to see stable growth, with the UK portfolio driving group expansion. Profit is set to more than double by 2030, supported by digitalization, efficiency gains, and a focus on quality growth over market share. Operational expenses will rise due to technology investments and UK growth.
Fiscal Year 2025
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Net income reached EUR 305 million and net profit EUR 117 million in 2025, with strong loan and deposit growth, robust capital and liquidity ratios, and standout performances in asset management and insurance. Funding costs and operational expenses remain key focus areas.