Evli’s group-level figures were exactly in line with forecasts:
Under the surface, however, the performance was a notch better than expected, as the Investment Banking division performed weaker than anticipated, while Asset Management compensated for this (Asset Management is a more valuable business line). In Asset Management, costs were at the Q2’25 level, which is an excellent performance following the Q1 cost disappointment. As in Q1, the relative fees of Asset Management funds were at a normal level following the strange dip in H2’25. New sales were a bit soft, which was one of the few blemishes in the report. All in all, a very strong report, and it won’t lead to any major changes on my end. 