Evli, which is celebrating its 30th anniversary, is examining the opportunities for becoming a listed company.
“After 30 years of building the company, it is time for Evli to move up to the next level. Our goal is to grow, both organically and through acquisition. Important areas for us are, in addition to our domestic markets Finland and Sweden, also the other Nordic countries. We are also seeking the opportunity to increase the export of our fund products to other European countries. We are investigating the listing as one of the potential ways to support our growth strategy,” says Henrik Andersin, Chairman of the Evli Board of Directors.
“The finance sector is going through profound change, driven by tightening regulation and digitalization. We expect consolidation to continue in the sector and that new service models will emerge at a quickening pace. We want to be in the forefront of this development. A listing would help in achieving this goal,” says Maunu Lehtimäki, Evli’s CEO.
Evli is a private bank that specializes in investment and helps private persons and institutions increase their wealth. Since its beginning, Evli has grown from four employees – its founders – to a company which employs approximately 250 people and has a total of EUR 8.4 billion in client assets under management (net June 2015).
Evli’s revenue in 2014 was EUR 59.7 million and its operating profit was EUR 9.8 million. In the first half of 2015, the company’s revenue increased 9 percent and its operating profit 33 percent on the corresponding period of 2014.
Evli’s operations are based on the solid expertise of its employees and their ability, gained through experience, to seek out solutions that provide added value for the clients. For example, according to the institutional client survey* published by TNS Sifo Prospera in June 2015, Evli is the best and most popular asset manager in Finland. A total of 55 major institutional investors were interviewed for the survey.
“From the very beginning, Evli’s operations have been defined by its core values: integrity, professionalism, client focus and a strong entrepreneurial spirit. By committing to the achievement of our clients’ individual goals, we are also furthering the development of a vibrant Finnish business sector and society,” Maunu Lehtimäki says.
*External Asset Management Institutions 2015, Finland
Piiu Pukkila, tel. +358 50 383 7500, email@example.com