EAB Group Plc’s January-June net result clearly positive, full-year 2021 net result expected to be clearly positive
EAB Group Plc, Inside Information, Stock Exchange Release, 28 June 2021, 15.10 p.m. (EET)
EAB Group Plc’s January-June net result clearly positive, full-year 2021 net result expected to be clearly positive
EAB Group Plc (EAB, Company) gives preliminary information of both its’ January-June and full-year net result. The net result for January-June 2021 is expected to become clearly positive based on a positive development of the business. The full-year net result is also expected to be clearly positive (earlier positive) in case the market environment remains stable during the rest of the year.
When communicating the 2020 financials on 12 February 2021, EAB stated that the full-year net result is expected to be positive given that the market environment stays stable. The Company’s business has developed well during the first half of the year both in terms of its on-going business as well as for the new private capital fund launches. Based on this positive development the net result for January-June is becoming clearly positive. The Company has also succeeded in retaining its’ planned cost level and expects the demand for its’ products to remain strong during the rest of the year. Based on this the Company expects that the full-year net result for 2021 will be clearly positive.
EAB publishes its’ half-year report for the period of 1.1.–30.6.2021 on Friday the 6th of August 2021.
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@miltton.com
Elite Alfred Berg offers responsible investment and asset management services for private investors, institutions and professional investors. Elite Alfred Berg is the marketing name of the EAB Group. The Group's parent company EAB Group Plc’s shares are listed on the Nasdaq Helsinki stock exchange. The Group companies include EAB Asset Management Ltd, which offers asset management activities, and EAB Fund Management Ltd, which acts as a fund company and authorised alternative investment fund manager. The Group’s customer base consists of individuals and corporations that are served nationwide in 13 different locations. The Group employs 86 investment professionals, and more than 20 tied agents provide its services. On behalf of its clients, the Group manages assets of EUR 3 billion. Explore EAB Group’s services at www.eabgroup.fi.
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