Home > Statistics > Investment service companies > 2015 > 1st quarter > Net operating profit of investment service companies grew in January to March from the year before

Published: 31 August 2015

Net operating profit of investment service companies grew in January to March from the year before

The net operating profit of investment service companies amounted to EUR 41 million in the first quarter of 2015, which was EUR 11 million more than in the respective period of the previous year. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms' net operating profit by quarter 2009–2015, EUR million

Commission income and expenses

Investment service companies accrued a total of EUR 103 million in commission income, which is EUR 20 million more than in the corresponding period in 2014. Commission expenses amounted to EUR 25 million, which is good EUR five million more than one year previously.

Interest income and expenses

Interest income amounted to nearly EUR half a million, which is 26 per cent more than one year earlier and EUR 46 million less than in the previous quarter. Interest expenses grew by good eight per cent from the previous year's January to March period.

Administrative and operating expenses

The largest expenditure item of investment firms was administrative expenses, which in the first quarter of 2015 amounted to EUR 41 million, which is 11 per cent more than in the previous year. Of the administrative expenses, personnel expenses amounted to EUR 23 million, or 57 per cent of total administrative expenses. Other operating expenses were EUR four million and they were almost on level with the corresponding quarter of the previous year.

Balance sheets

The aggregate value of the balance sheets was EUR 273 million. The balance sheets grew by 20.8 per cent year-on-year. The share of own equity in the total of the balance sheets was 58.5 per cent.

At the end of the first quarter of 2015, there were 56 investment service companies operating in Finland, of which 42 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Jan Klavus 029 551 3391, Tarja Husso 029 551 3534

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 31.3.2015, EUR thousands (31.8.2015)
• Appendix table 2. Balance sheet of investment firms 1.1.- 31.3.2015, EUR thousands (31.8.2015)
• Appendix table 3. Itemisation of investment firms administrative expenses 1.1.- 31.3.2015, EUR thousands (31.8.2015)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2009 - 2015, EUR million (31.8.2015)
• Appendix figure 2. Investment firms commission income by quarter, 1st quarter 2005 - 2015, EUR million (31.8.2015)

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Updated 31.8.2015