TAALERI PLC STOCK EXCHANGE RELEASE 19 JUNE 2019 AT 11:30 AM (EET)
Taaleri Plc´s Half-Year January-June 2019 operating profit margin is estimated to weaken to between 20 and 25 per cent, and hence the operating profit margin for 2019 will be slightly below the level in 2018
Based on the first half-year, Taaleri Plc estimates also the full-year 2019 operating profit margin to be slightly lower than in 2018. The decrease is mainly due to the weakened continuing earnings of Wealth Management during the first half-year, and the realization of planned projects that has been postponed to the second half of 2019.
Taaleri’s long-term operating profit target is at least 20 per cent of income, its long-term return on equity target is at least 15 per cent, and its long-term equity ratio target is at least 30 per cent.
Taaleri Plc publishes its Half-Year January-June 2019 results 15 August 2018.
For more information, please contact:
CEO Robin Lindahl, Taaleri Plc, tel. 358 50 595 9616, firstname.lastname@example.org
CFO Minna Smedsten, Taaleri Plc, tel. 358 40 700 1738, email@example.com
Taaleri in brief
Taaleri is a Finnish financial service company, whose parent company Taaleri Plc is listed on Nasdaq Helsinki's, Finland, main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. In addition, the Group makes investments from its own balance sheet.
At the end of 2018, Taaleri had assets under management totalling EUR 5.7 billion and 5,400 wealth management customers. Taaleri Plc has some 4,100 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority.
More information about our company and services:
Sophie Jolly, Head of Communications and IR, firstname.lastname@example.org, tel. 358 40 828 7317