Home > Statistics > Investment service companies > 2019 > 3rd quarter > Investment service companies’ operating profit and commission income increased in the third quarter of 2019

Published: 18 December 2019

Investment service companies’ operating profit and commission income increased in the third quarter of 2019

Corrected on 30 March 2020. The corrections are indicated in red. 

The net operating profit of investment service companies was EUR 29 million in the third quarter of 2019. Some EUR four million more operating profit was accumulated than in the corresponding quarter of the previous year. Commission income increased by EUR four million from one year back to EUR 90 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 (The figure was corrected on 30 March 2020)

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 90 million in the third quarter of 2019. Growth compared to the corresponding period of last year amounted to 4.1 per cent or some EUR four million. Compared to the previous quarter, in turn, commission income was some EUR nine million lower. Investment service companies’ commission expenses amounted to around EUR 21 million, which corresponds to commission expenses in the corresponding quarter one year earlier. Compared with the previous quarter, commission expenses were EUR two million lower.

Administrative expenses

In the third quarter of 2019, investment service companies had EUR 41 million in administrative expenses, which corresponds to administrative expenses in the corresponding quarter one year earlier. . Compared to the previous quarter administrative expenses were around EUR seven million lower. Personnel expenses amounted to around EUR 23 million, or 55 per cent of administrative expenses. Personnel expenses remained unchanged compared to the corresponding quarter one year before. Other administrative expenses were, in turn, around EUR 18 million.

Balance sheets

At the end of the third quarter of 2019, the aggregate value of the balance sheets was EUR 343 million. The balance sheets grew by 1.1 per cent year-on-year. The share of own equity of the balance sheet total rose from 64.0 per cent in the corresponding quarter in the year before to around 68.6 per cent.

At the end of the third quarter of 2019, there were 54 investment service companies operating in Finland, of which 40 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: Ville Vertanen

Publication in pdf-format (256.5 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 30.9.2019, EUR thousands (Corrected on 30 March 2020) (18.12.2019)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.9.2019, EUR thousands (18.12.2019)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2014-2019, EUR million (Corrected on 30 March 2020) (18.12.2019)
• Appendix figure 2. Investment firms commission income by quarter, 3rd quarter 2014-2019, EUR million (Corrected on 30 March 2020) (18.12.2019)

---

Updated 18.12.2019