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Yahoo
04-08-2025
- Business
- Yahoo
Oma Savings Bank Plc's Half-Year Financial Report January-June 2025: Core business on a solid foundation – the improvement of operating models is progressing
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 4 August 2025 AT 9.05 A.M. EET, HALF-YEAR FINANCIAL REPORTOma Savings Bank Plc's Half-Year Financial Report January-June 2025: Core business on a solid foundation – the improvement of operating models is progressing This release is a summary of Oma Savings Bank's (OmaSp) January-June 2025 Half-Year Financial Report, which can be read from the pdf file attached to this stock exchange release. In addition, alongside with the Half-Year Financial Report, the Company also publishes Disclosure information on capital adequacy and risk management in accordance with the Pillar III as a separate report, available as an attached pdf file. Both reports are also available on the Company's website at Karri Alameri: Core business on a solid foundation – the improvement of operating models is progressing 'The first half of the year has been a period of active and goal-oriented development work within our bank. Significant measures have been taken to strengthen risk management and to improve the regulatory compliance of our operations. Concurrently, the effects of declining interest rates and economic uncertainty have been reflected in our results. Despite this, our business is stable, and our financial position is strong. Efforts to improve risk management and internal operating models are advancing. A new action plan was launched to address observations made by the supervisor in February, with expenses of EUR 2.6 million recorded in the second quarter. This action plan will continue until the end of 2025, laying the foundation for profitable and stable operations in the future. The controlled winding down portfolio is also progressing: the approximately EUR 240 million portfolio related to non-compliance with the guidelines reported a year ago has been reduced to approximately EUR 200 million through various arrangements, and work continues. The risk management action plan (the "Noste") was completed in March, and its effects are already visible in our practices. The comparable profit before taxes for the second quarter was EUR 19.0 (5.5) million, in line with our expectations. The result was still weighed down by the decline in net interest income and the increase in operating expenses. The comparable cost/income ratio was 52.1 (32.9) percent in the second quarter. Comparable operating expenses increased by 38.7 percent in the second quarter, amounting to EUR 30.5 (22.0) million. This increase in expenses is primarily due to the growth in the number of personnel and the expanded branch network, as well as the action plan related to the supervisor's observations. Net interest income decreased by 16.1 percent compared to the comparison period, amounting to EUR 44.0 (52.4) million. This decrease is attributed to market interest rates and the reduction in the loan portfolio. Fee and commission income and expenses (net) totalled EUR 12.4 (12.7) million, which is 2.2 percent less than in the comparison period. The mortgage loan portfolio grew by 1.2 percent from the level of a year ago. Conversely, the loan portfolio of corporate customers decreased by 7.5 percent. The deposit portfolio grew by 7.9 percent. Challenges in the operating environment are reflected in the quality of the loan portfolio. In the second quarter, impairment losses on financial assets were EUR -9.1 (-39.4) million, mainly due to increased payment difficulties caused by the general economic situation, especially in the SME sector. Our goal is profitable growth and satisfied customers The takeover of Handelsbanken's customers has been completed, and we are focusing even more on supporting our customers' daily lives. Oma Savings Bank's nationwide branch network serves private and corporate customers in Finland's key growth and regional centres. Customer satisfaction has remained at a high level, and we are committed to developing expert customer service. Our goal is to build profitable growth with our current strengths – a customer-oriented service model, efficient processes, and responsible management. The commitment of our personnel deserves special recognition, and I extend my gratitude to the entire staff for their excellent performance. The past period has once again demonstrated the dedication, skill, and cooperation within our organisation. Our bank's financial position is strong. The total capital (TC) further strengthened in the second quarter, reaching 18.7 (15.6) percent at the end of June. The accumulated equity was EUR 591 (576) million. I look to the future with confidence. We are focused on improving efficiency, enhancing the customer experience, and restoring trust through concrete actions. Development work continues persistently, and every action brings us closer to a result-driven and sustainable future.' The Group's key figures (1,000 euros) 1-6/2025 1-6/2024 Δ % 1-12/2024 2025 Q2 2024 Q2 Δ % Net interest income 90,895 109,81 -17% 213,097 44,016 52,442 -16% Fee and commission income and expenses, net 24,854 25,465 -2% 50,745 12,415 12,699 -2% Total operating income 119,414 141,576 -16% 270,068 59,34 67,497 -12% Total operating expenses -65,101 -49,389 32% -111,004 -30,861 -23,432 32% Impairment losses on financial assets, net -31,41 -62,535 -50% -83,379 -9,088 -39,423 -77% Profit before taxes 21,721 29,171 -26% 74,589 18,611 4,504 313% Cost/income ratio, % 55.1% 35.0% 57% 41.3% 52.7% 34.8% 51% Balance sheet total 7,366,337 7,284,410 1% 7,709,090 7,366,337 7,284,410 1% Equity 590,742 533,259 11% 576,143 590,742 533,259 11% Return on assets (ROA) % 0.5% 0.6% -27% 0.8% 0.8% 0.2% 326% Return on equity (ROE) % 5.9% 8.7% -32% 10.7% 10.0% 2.6% 287% Earnings per share (EPS), EUR 0.52 0.70 -27% 1.80 0.44 0.10 327% Total capital (TC) ratio % 18.7% 16.6% 13% 15.6% 18.7% 16.6% 13% Common Equity Tier 1 (CET1) capital ratio % 17.6% 15.2% 16% 14.4% 17.6% 15.2% 16% Comparable profit before taxes 23,603 31,136 -24% 86,656 18,986 5,51 245% Comparable cost/income ratio, % 53.3% 33.5% 59% 37.8% 52.1% 32.9% 58% Comparable return on equity (ROE) % 6.4% 9.3% -31% 12.4% 10.2% 3.2% 220% January–June 2025 As a result of the decline in market interest rates and the decline in the loan portfolio, net interest income decreased by 16.1% in the second quarter and in January–June by 17.2% compared to the previous year. Mortgage portfolio increased by 1.2% during the previous 12 months. Corporate loan portfolio decreased by 7.5% during the previous 12 months. Deposit base increased by 7.9% over the past 12 months. In the second quarter, fee and commission income and expenses (net) decreased by 2.2% totalling EUR 12.4 (12.7) million. In January–June, fee and commission income and expenses (net) decreased by 2.4%. The development is mainly due to lower commission income related to lending and card business than in the comparison period. In the second quarter, total operating income decreased by 12.1% and in January–June by 15.7% compared to the comparison period. In the second quarter, comparable total operating income decreased by 11.5% and was EUR 59.4 million. In the second quarter, total operating expenses grew by 31.7%. The growth is mainly explained by the Company's increased number of personnel and the expanded branch network. In addition, the Company has ongoing development projects related to the improvement of risk management processes and measures required by the supervisor's observations. In January–June total operating expenses grew by 31.8%. In the second quarter, other operating expenses were in total EUR 17.2 (12.5) million and in January–June EUR 39.4 (28.9) million. In the first quarter, the Company received the supervisor's final reports on the supervisor's review as well as liquidity risk management and reporting conducted in 2024. In the second quarter, the Company started the implementation of the action plans to correct the observations made by the supervisor, and a total of EUR 2.6 million in expenses were recorded. The implementation of the action plans continues until the end of the financial year 2025. The risk management action plan (the "Noste") was completed during the first quarter and no related expenses were recorded in the second quarter. Investigation costs of EUR 0.3 million were recorded in relation to the promotion of measures in the controlled winding down of the portfolio related to non-compliance with the guidelines. In the second quarter, comparable total operating expenses grew by 38.7% and were EUR 30.5 (22.0) million. In the second quarter, the impairment losses on financial assets were in total EUR -9.1 (-39.4) million. Impairment losses are primarily attributable to increased payment difficulties stemming from the generally weak economic environment, particularly within the SME sector and, due to higher provision level under the ECL model as default durations have lengthened. During the comparison period, the Company recorded an additional discretionary allowance of EUR 30 million related to non-compliance with the guidelines and the outcome of the screening of the credit portfolio. For January–June, the total impairment losses on financial assets were EUR -31.4 (-62.5) million. In the summer of 2024, the Company announced a credit portfolio analysis related to the non-compliance with the guidelines, according to which the portfolio related to the non-compliance with the guidelines represented approximately 4% of the Company's credit portfolio, amounting to approximately EUR 240 million. In this regard, the Company launched a controlled winding down plan in the second half of 2024. As a result of various arrangements, the size of the credit portfolio related to non-compliance with the guidelines was approximately EUR 200 million on 30 June 2025, representing 3.4% of the total credit portfolio. In the future, the Company will report on the status of the credit portfolio related to non-compliance with the guidelines on a semi-annual basis. For the second quarter, profit before taxes was EUR 18.6 (4.5) million and comparable profit before taxes was EUR 19.0 (5.5) million. For January–June, profit before taxes was EUR 21.7 (29.2) million and comparable profit before taxes was EUR 23.6 (31.1) million. In the second quarter, the cost/income ratio was 52.7 (34.8)% and in January–June, 55.1 (35.0)%. In the second quarter, comparable cost/income ratio was 52.1 (32.9)% and in January–June, comparable cost/income ratio was 53.3 (33.5)%. In the second quarter, comparable return on equity (ROE) was 10.2 (3.2)% and in January–June, 6.4 (9.3)%. Total capital (TC) ratio was 18.7 (15.6)%. Outlook for 2025 (updated on 15 June 2025) Oma Savings Bank Plc (OmaSp) lowered its earnings guidance for year 2025 as the Company's cost level is expected to remain high throughout the 2025 financial year due to investments in risk management and quality processes, increased headcount, and efforts to address the findings of the Finnish Financial Supervisory Authority's (FIN-FSA) inspection. In addition, the update of the ECL model implemented during the first quarter has increased the level of credit loss provisions more than anticipated. Furthermore, fee and commission income is expected to grow more slowly than anticipated in the prevailing economic environment. The Company estimates the Group's comparable profit before taxes is EUR 50-65 million for the financial year 2025. Business outlook and earnings guidance for the financial year 2025 (updated on 15 June 2025): The outlook for the Company's business for the financial year 2025 is affected by the decline in market interest rates and the continued high level of costs due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025. Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management's insight into the Group's business development. We estimate the Group's comparable profit before taxes to be EUR 50–65 million for the financial year 2025, (comparable profit before taxes was EUR 86.7 million in the financial year 2024). Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, Sarianna Liiri, CFO, tel. +358 40 835 6712, Pirjetta Soikkeli, CCO, tel. +358 40 750 0093, DISTRIBUTION Nasdaq Helsinki Ltd Major media OmaSp is a solvent and profitable Finnish bank. Over 600 professionals provide nationwide services through OmaSp's 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners' products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations. OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp. Attachments OmaSp Half-Year Financial Report 30 June 2025 OmaSp Pillar III Disclosure Report on capital adequacy and risk management 30 June 2025 Attachments Oma Savings Bank Half Year Report 30 June 2025 Pillar III Disclosure Report on capital adequacy and risk management 30 June 2025Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
28-07-2025
- Business
- Yahoo
Oma Savings Bank Plc to publish its Half-Year Financial Report January-June 2025 on 4 August 2025
Oma Savings Bank Plc to publish its Half-Year Financial Report January-June 2025 on 4 August 2025 Oma Savings Bank Plc will publish its Half-Year Financial Report Report for January-June 2025 on 4 August 2025. The announcement will be available on the company's website after publication at OmaSp will hold a Finnish-language webcast on 4 August 2025 at 11.00 EET, and the link to the webcast can be accessed from here. The results will be presented by CEO Karri Alameri. The webcast will be recorded, and the recording will be available later the same day at Please join us for the results announcement webcast. Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, Sarianna Liiri, CFO, tel. +358 40 835 6712, Pirjetta Soikkeli, CCO, tel. +358 40 750 0093, DISTRIBUTION: Nasdaq Helsinki LtdMajor OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp's 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners' products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations. OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in Details Website URL: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-07-2025
- Business
- Yahoo
Vaisala Corporation Half Year Financial Report January–June 2025: Mixed second quarter – growth in Industrial Measurements and decline in renewable energy business
Vaisala Corporation Half Year Financial Report July 25, 2025, at 9:00 a.m. (EEST) Vaisala Corporation Half Year Financial Report January–June 2025: Mixed second quarter – growth in Industrial Measurements and decline in renewable energy business This release is a summary of Vaisala's Half Year Financial Report January–June 2025. The complete report is attached to this release as a pdf file. It is also available on the company website at Second quarter 2025: Orders received EUR 124.1 (147.2) million, decrease 16% Order book at the end of the period EUR 200.9 (196.9) million, increase 2% Net sales EUR 145.0 (148.4) million, decrease 2% EBITA EUR 19.6 (25.4) million, 13.5 (17.1) % of net sales Operating result (EBIT) EUR 16.9 (23.7) million, 11.7 (15.9) % of net sales Earnings per share EUR 0.30 (0.49) Cash flow from operating activities EUR 14.4 (7.7) million January–June 2025: Orders received EUR 245.6 (270.5) million, decrease 9% Net sales EUR 280.6 (260.5) million, increase 8% EBITA EUR 40.0 (34.2) million, 14.3 (13.1) % of net sales Operating result (EBIT) EUR 34.8 (30.8) million, 12.4 (11.8) % of net sales Earnings per share EUR 0.63 (0.64) Cash flow from operating activities EUR 33.1 (24.8) million Business outlook for 2025 – estimate ranges specified Vaisala estimates, excluding potential significant changes in market conditions, that its full-year 2025 net sales will be in the range of EUR 590–605 million and its EBITA will be in the range of EUR 90–100 million. Earlier, Vaisala estimated, excluding potential significant changes in market conditions, that its full-year 2025 net sales would be in the range of EUR 590–620 million and its EBITA would be in the range of EUR 90–105 million. As of 2025, in its outlook, Vaisala has changed EBIT to EBITA to align with its long-term financial targets. Market outlook for 2025 Markets for industrial, life science, and power grew during the first half of the year. Similar development is expected during the rest of the year. However, the market environment remains uncertain, affecting the predictability of these market segments' development. More mature market segments, meteorology, and aviation, are expected to decline compared to exceptionally high levels in the previous two years. The market for renewable energy is expected to decline during this year due to a slow-down in new wind energy projects. The roads market segment is expected to be stable. Key figures MEUR 4-6/2025 4-6/2024 Change 1-6/2025 1-6/2024 Change 1-12/2024 Orders received 124.1 147.2 -16% 245.6 270.5 -9% 565.6 Order book 200.9 196.9 2% 200.9 196.9 2% 215.0 Net sales 145.0 148.4 -2% 280.6 260.5 8% 564.6 Gross profit 79.0 84.6 -7% 156.8 145.3 8% 318.1 Gross margin, % 54.5 57.0 55.9 55.8 56.3 Operating expenses 62.1 61.2 2% 122.0 114.8 6% 235.8 EBITA 19.6 25.4 40.0 34.2 90.3 % of net sales 13.5 17.1 14.3 13.1 16.0 Operating result (EBIT) 16.9 23.7 34.8 30.8 82.9 % of net sales 11.7 15.9 12.4 11.8 14.7 Result before taxes 14.6 23.2 29.7 29.8 80.8 Result for the period 11.0 17.9 22.9 23.1 63.7 Earnings per share 0.30 0.49 -39% 0.63 0.64 -1% 1.76 Return on equity, % 15.3 17.4 22.1 Research and development costs 18.0 17.9 1% 34.9 34.3 2% 68.6 Capital expenditure* 6.1 4.9 25% 11.0 6.9 61% 19.1 Depreciation, amortization and impairment 7.0 5.8 19% 13.9 11.5 21% 24.3 Cash flow from operating activities 14.4 7.7 88% 33.1 24.8 33% 78.9 Cash conversion 0.9 0.3 1.0 0.8 1.0 Cash and cash equivalents 74.9 65.2 15% 88.8 Interest-bearing liabilities 126.8 45.9 176% 129.5 Gearing, % 17.9 -7.3 13.2 *Excluding impact of acquired businesses President and CEO Kai Öistämö 'Vaisala's second quarter was marked by mixed results after the strong start of the year. The Industrial Measurements business area continued its excellent performance. The Weather and Environment business area suffered from a slowdown in the renewable energy market. Subscription sales continued the double-digit organic growth, being the highlight of the quarter in the Weather and Environment business area. Despite strong demand in the Industrial Measurements business area, weak demand in the Weather and Environment business area led to a decrease in Vaisala's order intake. The challenging situation in the renewable energy market and seasonality in project deliveries negatively impacted our second quarter net sales, which decreased by 2% compared to the previous year. We were able to largely offset the impact of the US tariffs through price increases and expedited shipments. Followed by the decreased net sales, our EBITA margin decreased to 13.5%. The Industrial Measurements business area had a very strong second quarter. Order intake developed positively in all geographical areas and market segments. Industrial Measurements' net sales increased strongly by 10% compared to the previous year. This growth was driven by the Americas region where we continued to drive growth in the life science market as well as in the industrial market. In the Weather and Environment business area, the weak demand in the renewable energy market continued to negatively impact order intake and net sales for the entire business area. The slowdown in new wind energy investments since the beginning of the year has adversely affected our renewable energy business. Order intake decreased also in the meteorology and aviation markets. This was mainly due to industrial cyclicality as well as reductions in public sector spending in the US and China. Subscription sales in our Xweather business increased by 53% in the second quarter, driven by the acquisitions of WeatherDesk and Speedwell Climate, as well as underlying organic growth. We continue to strengthen our leadership in AI-driven weather forecasting and enhance our offerings in the insurance, finance, and energy sectors. Looking ahead to the rest of the year, we expect the global market uncertainty to persist, weakening the visibility to market development. In addition, further potential trade policy measures and depreciation of the US dollar, Chinese yuan, and other currencies can have a material negative impact on our performance. Nevertheless, excluding the potential realization of these risks, we still anticipate positive development in the Industrial Measurements business area and Xweather subscription business. At the same time, due to the slowness in the renewable energy market, we expect the full year net sales for our renewable energy business to be about EUR 15 million below last year's level. To counteract this negative sales impact on our profitability, we will continue to implement necessary cost control measures for the renewable energy business. In the long term, we anticipate the renewable energy market and business to develop positively. In the traditional Weather and Environment business, we will continue to deliver on our solid order book in the meteorology and aviation markets, driving profitability as a global leader in weather systems. We monitor the overall global market situation and are prepared for different scenarios to mitigate the possible impacts on our business. Based on the market outlook and expected business performance, we have specified our estimate ranges for the full-year net sales and EBITA. We now estimate, excluding potential significant changes in market conditions, that our full-year 2025 net sales will be in the range of EUR 590–605 million and our EBITA will be in the range of EUR 90–100 million.'Audiocast and teleconference An audiocast and a conference call for analysts, investors, and media will be held in English on Friday, July 25, 2025, starting at 1:00 p.m. (Finnish time). You can participate in the live audiocast via the following link: Questions may be presented by participating in the teleconference. You can access the teleconference by registering at the link below. After registration, you will receive an email with the dial-in numbers and a conference ID. A recording will be available at later the same informationNiina Ala-Luopa+358 400 728 957, ir@ Corporation DistributionNasdaq HelsinkiKey Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. Attachment Vaisala Half Year Financial Report January-June 2025Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Business Upturn
07-07-2025
- Business
- Business Upturn
Vaisala's Half Year Financial Report January–June 2025 to be published on July 25, 2025
By GlobeNewswire Published on July 7, 2025, 15:00 IST Vaisala CorporationPress release July 7, 2025, at 1:00 p.m. (EEST) Vaisala's Half Year Financial Report January–June 2025 to be published on July 25, 2025 Vaisala Corporation will publish its Half Year Financial Report January–June 2025 on Friday, July 25, 2025, at about 9:00 a.m. (Finnish time). The report will be available at The President and CEO's presentation will be published by 1:00 p.m. on the same day at Audiocast and teleconference An audiocast and a conference call for analysts, investors, and media will be held in English on the same day, starting at 1:00 p.m. (Finnish time). You can participate in the live audiocast via the following link: Questions may be presented by participating in the teleconference. You can access the teleconference by registering at the link below. After registration, you will receive an email with the dial-in numbers and a conference ID. A recording will be available at later the same day. More informationNiina Ala-Luopa +358 400 728 957, [email protected] DistributionKey media Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
