Brief: Mandatum Q3 Profit Before Taxes At EUR 83.9 Million

Mandatum Oyj

08/11/2023 08:29

Nov 8 (Reuters) - Mandatum Oyj  MANTA.HE :
    * 9MONTH GROUP'S PROFIT BEFORE TAXES FOR PERIOD INCREASED TO
EUR
164.1 MILLION (13.1)
    * Q3 PROFIT BEFORE TAXES EUR 83.9 MILLION
    * MOST SIGNIFICANT REASON FOR THE STRONG IMPROVEMENT IN THE
RESULT
WAS THE NET FINANCE
    * Q3 FEE RESULT EUR 12.7 MILLION (18.7)
    * GROUP'S CAPITAL-LIGHT CLIENT BUSINESS RELATED TO CLIENT
ASSETS
UNDER MANAGEMENT IS EXPECTED TO ACHIEVE NET FLOWS IN 2023
    * SAYS MARKET SITUATION AND CLIENT BEHAVIOUR AFFECT ANNUAL
NET
FLOWS
    * CONFIDENT IN LONG-TERM REDUCTION OF THE WITH-PROFIT
PORTFOLIO,
ALTHOUGH THERE MAY BE ANNUAL FLUCTUATIONS IN DEVELOPMENT OF
PORTFOLIO

Source text for Eikon:  ID:nWkr6BDw32 
Further company coverage:  MANTA.HE 

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