United Bankers Plc announces new long-term financial objectives and focus areas of corporate responsibility
United Bankers Plc
STOCK EXCHANGE RELEASE 17 February 2023 at 9:30 EET
United Bankers Plc announces new long-term financial objectives and focus areas of corporate responsibility
United Bankers announces its new long-term financial objectives. At the same time, the company publishes information about the key targets and indicators of its new corporate responsibility program. United Bankers’ vision is to be the leading Nordic alternative investment manager and the most trusted partner to its clients.
United Bankers’ financial objectives by 2028 are:
- to grow its assets under management to above EUR 10 billion
- to increase its adjusted operating profit margin above 40 per cent
Furthermore, the company aims to distribute an annual dividend of at least 70 per cent of the earnings per share or cash flow per share, considering the company's financial situation and strategy.
In addition to financial objectives, United Bankers publishes information about its sustainability targets. Based on the materiality analysis conducted in 2022, United Bankers' sustainability priorities have been grouped as follows:
- Sustainable products and good stakeholder and client relations: United Bankers drives the transition to sustainable economy and increases its clients’ wealth sustainably
- Meaningful and inspiring work: United Bankers offers meaningful work and inspiring opportunities
- Reliable and transparent governance: United Bankers is transparent and accountable for its actions
Responsibility goals strengthen the position of green transition in the core of United Bankers' operations. During 2023, the company's goal is to increase the share of green products in discretionary portfolio management and to increase the share of green products to at least 75 per cent of the sales of the company’s products. In 2023, United Bankers will also prepare a climate road map and long- and short-term climate targets for the Group to achieve the goals of the Paris Agreement. In addition, goals have been set for, among other things, development of responsible investment practices, development of customer satisfaction, equality and diversity, employee satisfaction, and the development of skills.
United Bankers strives to grow its business by, among other things, being a pioneer in the development of unique top-quality products and services, by growing its business both organically and through acquisitions and by concentrating on scalable and recurring revenue businesses. Furthermore, the key elements of United Bankers’ growth strategy include long-term client relationships and the aspiration to exceed clients’ expectations, strengthening the dedicated team of experts, ensuring success by focusing on sustainability as well as utilising technology to further improve customer experience and increasing operational efficiency.
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 specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 148 employees (FTE) and 32 agents (31 December 2022). In 2022, the United Bankers Group’s revenue totalled EUR 48.6 million and its adjusted operating profit amounted to EUR 16.6 million. The Group’s assets under management amount to approximately EUR 4.4 billion (31 December 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
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