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Latest publication: Investment service companies 2020, 3rd quarter

Published: 13 August 2020

Investment service companies’ commission income and operating profit grew in the first quarter of 2020

The net operating profit of investment service companies was EUR 28 million in the first quarter of 2020. EUR six million more operating profit was accumulated than in the corresponding quarter last year. Commission income increased by EUR 22 million to EUR 111 million. These data derive from Statistics Finland’s statistics on investment service companies.

Investment service companies’ operating profit by quarter in 2014 to 2020, EUR million

Investment service companies’ operating profit by quarter in 2014 to 2020, EUR million

Investment service companies offer their customers services related to investment services such as investment advisory services, asset management, and reception, intermediation and implementation of trading assignments in monetary instruments. Commission income and expenses are the main items related to investment service companies’ income and expenses in the profit and loss account. In addition to commission income and expenses, operating profit is considerably affected by administrative expenses. In some cases, other items, such as profit or loss from non-current assets classified as held for sale, can have a major impact on profit for the financial period.

Commission income and expenses

Commission income totalled EUR 111 million in the first quarter of 2020. Growth compared to the corresponding period of last year amounted to EUR 22 million, or 25.1 per cent. Commission expenses, in turn, amounted to EUR 39 million, which was EUR 15 million more than one year previously.

Administrative expenses

In the first quarter of 2020, investment service companies had EUR 47 million in administrative expenses, which was EUR two million more than in the previous year. Personnel expenses amounted to EUR 27 million, or some 58 per cent of administrative expenses. Personnel expenses were around EUR two million higher than in the corresponding quarter in the previous year.

Balance sheets

At the end of the first quarter of 2020, the aggregate value of the balance sheets was EUR 336 million. The growth was around nine per cent from EUR 307 million in the first quarter of 2019. The share of own equity of the balance sheet total rose, in turn, to 67 per cent from 63 per cent in the previous year’s first quarter.

At the end of the first quarter of 2020, there were 50 investment service companies operating in Finland, of which 30 generated a positive operating result.


Source: Investment firms, Statistics Finland

Inquiries: Jukka-Pekka Pyylampi 029 551 3002, Heidi Lauttamäki 029 551 3029

Director in charge: Jan Nokkala

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Tables

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Appendix tables

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Updated 13.8.2020

Referencing instructions:

Official Statistics of Finland (OSF): Investment service companies [e-publication].
ISSN=2342-5202. 1st quarter 2020. Helsinki: Statistics Finland [referred: 12.4.2021].
Access method: http://www.stat.fi/til/spy/2020/01/spy_2020_01_2020-08-13_tie_001_en.html