EAB Group Plc publishes its Annual Report for 2019, Corporate Governance Statement, Remuneration Policy and Remuneration Report as well as its updated strategy

EAB Group Plc, Stock Exchange Release, 13 March 2020, 9:00 a.m. (EET)

 

EAB Group Plc publishes its Annual Report for 2019, Corporate Governance Statement, Remuneration Policy and Remuneration Report as well as its updated strategy

 

EAB Group Plc (the “Company”) has today, on 13 March 2020, published its Annual Report for 2019 in Finnish on EAB Group's website at www.eabgroup.fi/sijoittajat/talousraportit-ja-esitykset. The Annual Report includes the Board of Directors’ report and the Financial Statements.

 

The Company has published its Corporate Governance Statement for 2019. The statement has been prepared in accordance with the recommendations of the Finnish Corporate Governance Code 2020 and is available in Finnish on EAB Group's website at www.eabgroup.fi/sijoittajat/hallinnointi/selvitys-hallinto-ja-ohjausjarjestelmasta.

 

The Company has also published its Remuneration Policy and Remuneration Report for 2019. The Company has complied with the Finnish Corporate Governance Code 2015 in its remuneration in 2019. The Remuneration Report has been prepared in accordance with the Finnish Corporate Governance Code 2020. The Remuneration Policy and the Remuneration Report are available in Finnish at www.eabgroup.fi/sijoittajat/hallinnointi/palkitseminen.

 

New mission, vision and business objectives

 

In future, EAB Group invests more and more in responsibility and has thus updated its strategy with a new mission and vision and new business objectives.

 

Mission:

We invest responsibly for a better future. By investing in companies and initiatives in which doing good and making profit meet, we enable a better future for society, companies, communities, individuals and the environment.

 

Vision:

By becoming the forerunner in responsible investment, we grow into the most respected Nordic asset management expert. We will become the forerunner in responsible investment with the actions we take. We will gain respect in the market when we use our position as the forerunner to create new investment standards and generate profit responsibly.

 

Business objectives:

  • Half of top 100 Finnish institutional investors are customers of Elite Alfred Berg.
  • Elite Alfred Berg is among the top three in asset management overall customer satisfaction rating.
  • Elite Alfred Berg is the forerunner in responsible investment solutions.

 

Financial targets remain unchanged. They were published on 24 August 2018 and were partly updated in the financial statements bulletin on 14 February 2020.

 

Financial targets for 3–5 year:

  • Increase the business by 100% in terms of turnover
  • Improvement of profitability to over 35% of comparable turnover at EBIT level
  • Increase the portion of Private Capital Funds of the turnover to 50%

 

The strategy is introduced in more details in EAB Group Plc’s Annual Report 2019.

 

EAB GROUP PLC
Board of Directors

 

Further information:

 

EAB Group Plc

 

Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi

 

Therese Cedercreutz, Chairman of the Board
+358 40 544 2502
therese.cedercreutz@weareinc.fi

 

 

Elite Alfred Berg offers responsible investment and asset management services for private investors, institutions and professional investors. EAB Group uses the name Elite Alfred Berg as its marketing name. The Group's parent company EAB Group Plc’s share is listed on the Nasdaq Helsinki stock exchange. The Group companies include EAB Asset Management Ltd offering asset management activities, and EAB Fund Management Ltd acting as a fund company and authorised alternative investment fund manager. The Groups’ customer base consists of individuals and corporations that are served nationwide in 13 different locations. The Group employs 88 investment professionals, and over 20 tied agents provide its services. On behalf of its clients, the Group manages assets of over EUR 3 billion in total. Check out EAB Group’s services at www.eabgroup.fi.

 

DISTRIBUTION:
Nasdaq Helsinki Oy
The main news media
www.eabgroup.fi

 

APPENDIX:
EAB Group Plc’s Annual Report 2019 (in Finnish)
EAB Group Plc’s Corporate Governance Statement 2019
EAB Group Plc’s Remuneration Policy
EAB Group Plc’s Remuneration Report 2019