Q1 2025 Mandatum Oyj Earnings Call Transcript

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May 08, 2025

May 08, 2025 / 08:00AM GMT
Lotta Borgstrom - Mandatum Oyj - Vice President, Investor Relations

Good morning, and welcome to Mandatum's Q1 audiocast. My name is Lotta Borgstrom from Mandatum's Investor Relations, and I am pleased to be joined today by our CEO, Petri Niemisvirta; and our CFO, Matti Ahokas.

During the audiocast, Petri Niemisvirta and Matti Ahokas will present the highlights and key developments of Mandatum's first quarter of 2025, after which we'll take the Q&A, where you have the possibility to dial in for any questions you might have. Also, please don't hesitate to contact us at Investor Relations should you have any further questions.

With these remarks, I will hand over to Petri. Please go ahead.

Petri Niemisvirta - Mandatum Oyj - Chief Executive Officer, Member of the Group Management Team

Thank you, Lotta. And now let's move on to the first quarter. Mandatum's first quarter went well despite turbulent market conditions. We achieved a 23% year-over-year increase in fee result, reaching EUR18.8 million. The increase was mainly driven by improved

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