Home > Statistics > Investment service companies > 2019 > 1st quarter > Investment service companies’ commission income and operating profit decreased in the first quarter of 2019

Published: 27 June 2019

Investment service companies’ commission income and operating profit decreased in the first quarter of 2019

The net operating profit of investment service companies was EUR 22 million in the first quarter of 2019. EUR 12 million less operating profit was accumulated than in the corresponding quarter last year. Commission income fell by EUR 21 million to EUR 89 million. These data derive from Statistics Finland’s statistics on investment service companies.

Investment service companies’ operating profit by quarter in 2014 to 2019, 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 89 million in the first quarter of 2019. The fall compared to the corresponding period of last year amounted to EUR 21 million, or 19.0 per cent. Compared to the previous quarter, EUR 10 million less commission income was accumulated. Commission expenses, in turn, amounted to EUR 24 million, which was EUR six million less than one year previously. Compared to the previous quarter, commission expenses went down by EUR five million.

Administrative expenses

In the first quarter of 2019, investment service companies had EUR 45 million in administrative expenses, which was EUR two million less than in the year before and EUR five million lower than in the previous quarter. Personnel expenses amounted to EUR 27 million, or some 60 per cent of administrative expenses. Personnel expenses were roughly on level with twelve months earlier.

Balance sheets

At the end of the second quarter of 2019, the aggregate value of the balance sheets was EUR 307 million. The balance sheets decreased by 20 per cent from EUR 383 million in the first quarter of 2018. The share of equity of the balance sheet total grew from 57 to around 63 per cent.

At the end of the first quarter of 2019, there were 55 investment service companies operating in Finland, of which 31 generated a positive operating result.

Source: Investment firms, Statistics Finland

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

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 31.3.2019, EUR thousands (27.6.2019)
• Appendix table 2. Balance sheet of investment firms 1.1.- 31.3.2019, EUR thousands (27.6.2019)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2014-2019, EUR million (27.6.2019)
• Appendix figure 2. Investment firms commission income by quarter, 1st quarter 2014-2019, EUR million (27.6.2019)

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Updated 27.6.2019