A more recent publication of this set of statistics is available.

Latest publication: Investment service companies 2018, 3rd quarter

Published: 19 April 2018

Investment service companies’ commission income and operating profit increased in the fourth quarter of 2017

The net operating profit of investment service companies was EUR 63 million in the fourth quarter of 2017. EUR 22 million more operating profit was accumulated than in the corresponding quarter last year. Commission income increased by EUR 31 million to EUR 151 million. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms’ net operating profit by quarter 2014-2017, EUR million

Investment firms’ net operating profit by quarter 2014-2017, 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 151.4 million in the fourth quarter of 2017. Growth compared to the corresponding period of last year amounted to EUR 30.8 million, or 25.6 per cent. Compared to the previous quarter, EUR 48.9 million more commission income was accumulated. In turn, commission expenses amounted to EUR 29 million, which is EUR 2.1 million, or 7.9 per cent more than one year previously. Compared with the previous quarter, there was EUR 3.3 million more commission expenses.

In 2017, investment service companies’ total commission income stood at EUR 470.5 million, which was EUR 73.4 million more than in 2016. Investment service companies paid a total of EUR 109 million in commission expenses in 2017, which was EUR 10.4 million more than in the year before.

Administrative and operating expenses

In the fourth quarter of 2017, investment service companies had EUR 61.7 million in administrative expenses, which was EUR 4.8 million more than in the year before and EUR 16.8 million more than in the previous quarter. Personnel expenses amounted to EUR 36.3 million, or some 59 per cent of administrative expenses. Personnel expenses increased by EUR 3.1 million from the previous year’s corresponding quarter. Other administrative expenses amounted to EUR 25.4 million, which is EUR 1.7 million more than one year earlier. On the annual level, the administrative expenses of investment service companies increased by 4.0 per cent from EUR 193 million in 2016 to EUR 201 million.

Balance sheets

At the end of 2017, the aggregate value of the balance sheets was EUR 461 million. The balance sheets grew by 17.6 per cent from EUR 393 million at the end of 2016. The share of own equity of the balance sheet total grew from 61.7 to around 62 per cent.

At the end of the fourth quarter of 2017, there were 68 investment service companies operating in Finland, of which 47 generated a positive operating result.


Source: Investment firms, Statistics Finland

Inquiries: Antti Suutari 029 551 3257, Jarkko Kaunisto 029 551 3551

Director in charge: Ville Vertanen

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Tables

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Updated 19.4.2018

Referencing instructions:

Official Statistics of Finland (OSF): Investment service companies [e-publication].
ISSN=2342-5202. 4th quarter 2017. Helsinki: Statistics Finland [referred: 17.2.2019].
Access method: http://www.stat.fi/til/spy/2017/04/spy_2017_04_2018-04-19_tie_001_en.html