Inside information, positive profit warning: United Bankers Plc raises its estimate for adjusted operating profit development in 2022
United Bankers Plc
INSIDE INFORMATION 2 February 2023 at 14:40 EET
Inside information, positive profit warning: United Bankers Plc raises its estimate for adjusted operating profit development in 2022
United Bankers Plc publishes preliminary information on its financial development for the second half and full year 2022 financial development and raises its estimate for adjusted operating profit in 2022.
According to guidance United Bankers gave on 26 August 2022 the company estimated that its adjusted operating profit for 2022 will remain close to the level of 2021. According to preliminary unaudited information, United Bankers’ net sales and adjusted operating profit development is better than previously forecast. Based on preliminary calculations, the company estimates that the adjusted operating profit for 2022 will increase by approximately 15 percent from the previous year. Especially the higher than estimated performance fees from forest funds on the second half of the year contributed to the stronger development.
During the silent period, the company does not comment on or disclose other preliminary information on its performance before the publication of its financial statements bulletin. United Bankers will publish its 2022 financial statements bulletin on Friday, 17 February 2023.
Additional information:
Patrick Anderson, CEO, United Bankers Plc
Email: patrick.anderson@unitedbankers.fi
Telephone: +358 400 244 544, +358 9 25 380 236
Investor Relations: ir@unitedbankers.fi
United Bankers in brief:
United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group’s business segments include wealth management and capital markets services. In asset management, the Group specializes in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 149 employees (FTE) and 31 agents (30 June 2022). In 2021, the United Bankers Group’s revenue totalled EUR 43.8 million and its adjusted operating profit amounted to EUR 14.4 million. The Group’s assets under management amount to approximately EUR 4.6 billion (30 June 2022). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit www.unitedbankers.fi.
DISTRIBUTION:
Nasdaq Helsinki
Main media