Home > Statistics > Investment service companies > 2017 > 1st quarter > Net operating profit of investment service companies grew from the previous year’s January to March

Published: 22 June 2017

Net operating profit of investment service companies grew from the previous year’s January to March

The net operating profit of investment service companies was EUR 36 million in the first quarter of 2017. The net operating profit increased by EUR 16 million compared with the corresponding quarter last year. Compared with the previous quarter, EUR six million more net operating profit was accumulated. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms’ net operating profit by quarter 2014–2017, EUR million

Commission income and expenses

Commission income is the most significant income item of investment service companies. Compared with the previous year’s corresponding quarter, commission income grew by 16.2 per cent to EUR 104 million in the first quarter. Commission income is usually at its peak in the last quarter of the year. Compared with the previous quarter, that is, the last quarter of 2016, commission income diminished by EUR 16 million. In turn, commission expenses amounted to EUR 26 million, which is EUR three million and 11.3 per cent more than one year previously. Compared with the previous quarter, commission expenses went down by nearly EUR 0.5 million.

Dividend income

Investment service companies’ dividend income totalled EUR 3.1 million in the first quarter of 2017. In the first quarter of the previous year, dividend income amounted to EUR 1.9 million, being EUR 3.9 million for the whole year.

Administrative expenses

The largest expenditure item of investment service companies was administrative expenses, which in the first quarter of 2017 amounted to EUR 48 million, which is EUR one million more than in the previous year. Compared with the previous quarter, administrative expenses fell by EUR nine million. Of the administrative expenses, personnel expenses amounted to EUR 29 million, or 60 per cent of total administrative expenses. Other operating expenses amounted to EUR 19 million, which is nearly EUR 0.5 million less than one year previously.

Balance sheets

The aggregate value of the balance sheets was EUR 346 million. Compared with the corresponding quarter of the previous year, the increase was 3.2 per cent, or around EUR 11 million. The share of own equity in the total of the balance sheets was 58 per cent.

At the end of the first quarter of 2017, there were 64 investment service companies operating in Finland, of which 40 generated a positive result during the accounting year.

Source: Investment firms, Statistics Finland

Inquiries: Jarkko Kaunisto 029 551 3551, Pekka Tamminen 029 551 2460

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 31.3.2017, EUR thousands (22.6.2017)
• Appendix table 2. Balance sheet of investment firms 1.1.- 31.3.2017, EUR thousands (22.6.2017)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2014-2017, EUR million (22.6.2017)
• Appendix figure 2. Investment firms commission income by quarter, 1:st quarter 2014-2017, EUR million (22.6.2017)

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Updated 22.6.2017