Evli: Record year wrapped up with a fierce result
Inderes
Evli’s Q4 report was very strong and exceeded our expectations clearly. However, with the market weakening, we have lowered our profit forecasts and expect the company's earnings to turn down in 2022 after a fierce 2021 result.
Evli is an asset management company. The group offers a range of financial services related to asset management and loan financing. Its customers include both private savers and larger corporate customers, with the largest activity in asset management. In addition to its core business, it also offers various ancillary services within fund operations. Evli has its headquarters in Helsinki.
Read more on company pageKey Estimate Figures2022-01-25
| 2021 | 22e | 23e | |
|---|---|---|---|
| Revenue | 115.6 | 102.5 | 107.3 |
| growth-% | 44.9 % | -11.3 % | 4.6 % |
| EBIT (adj.) | 53.0 | 42.9 | 47.1 |
| EBIT-% (adj.) | 45.9 % | 41.8 % | 43.9 % |
| EPS (adj.) | 1.50 | 1.27 | 1.37 |
| Dividend | 1.06 | 2.35 | 1.80 |
| Dividend % | 9.6 % | 7.4 % | |
| P/E (adj.) | - | 19.2 | 17.9 |
| EV/EBITDA | - | 11.5 | 11.0 |
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