Home > Statistics > Investment service companies > 2021 > 1st quarter > Investment service companies’ commission income and operating profit grew in the first quarter of 2021

Published: 1 July 2021

Investment service companies’ commission income and operating profit grew in the first quarter of 2021

The net operating profit of investment service companies was EUR 48 million in the first quarter of 2021. EUR 20 million more operating profit was accumulated than in the corresponding quarter last year. Commission income increased by EUR 34 million to EUR 145 million from one year ago. These data derive from Statistics Finland’s statistics on investment service companies.

Investment service companies’ operating profit by quarter in 2014 to 2021, 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 145 million in the first quarter of 2021. Growth compared to the corresponding period of last year amounted to some EUR 34 million. Commission expenses amounted to EUR 50 million, which is around EUR 11 million more than in the corresponding quarter in the year before.

Administrative expenses

In the first quarter of 2021, investment service companies had in total EUR 49 million in administrative expenses, which was EUR one million less than in the corresponding quarter last year. Personnel expenses amounted to EUR 29 million, or 58 per cent of administrative expenses. Personnel expenses were EUR one million higher than in the year before.

Balance sheets

At the end of the first quarter, the aggregate value of the balance sheets was EUR 358 million. Compared with the first quarter of the previous year, the growth was 6.4 per cent, or around EUR 21 million. The share of equity of the balance sheet total was 66.9 per cent, which corresponds to the share of equity in the first quarter one year previously.

At the end of the first quarter of 2021, there were 45 investment service companies operating in Finland, of which 31 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Jukka-Pekka Pyylampi 029 551 3002, Heidi Lauttamäki 029 551 3029

Head of Department in charge: Katri Kaaja

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 31.3.2021, EUR thousands (1.7.2021)
• Appendix table 2. Balance sheet of investment firms 1.1.- 31.3.2021, EUR thousands (1.7.2021)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2014-2021, EUR million (1.7.2021)
• Appendix figure 2. Investment firms commission income by quarter, 1st quarter 2014-2021, EUR million (1.7.2021)

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Updated 01.07.2021