Positive profit warning: Aktia plc updates outlook for 2010
Aktia plc
Stock Exchange Release
22.6.2010 at 1.00 p.m.
Positive profit warning: Aktia plc updates outlook for 2010
Aktia Group's operating profit for the full year 2010 is expected to exceed the
result for 2009. In prognoses published earlier, the full year operating profit
was expected to be at the same level as in 2009. Operating profit for 2009
amounted to EUR 47.0 million.
Following a robust first quarter, also the outcome for the period April - May
2010 has been strong, thus the estimate for the full year 2010 has been revised
upwards.
The operating profit has improved mainly due to better than expected net
interest income, reduced costs and lower write-downs of credits.
The main risk factor is still the unrest on the financial market. The fund at
fair value, reporting unrealised value changes, remains higher than its level at
the turn of the year. On 21 June 2010, the fund at fair value amounted to EUR
50.0 million (EUR 43 million at 31 December 2009).
Aktia plc
Jussi Laitinen, Managing Director, tel. +358 10 247 6501
Stefan Björkman, Deputy Managing Director and CFO, tel. +358 10 247 6501
From:
Anna Gabrán, Investor Relations Officer, tel. +358 10 247 6501
Distribution:
Nasdaq OMX Helsinki Ltd
The media
www.aktia.fi