Full Year 2024 Mandatum Oyj Earnings Call Transcript

Feb 13, 2025 / 09:00AM GMT

Release Date Price: $5

Transcript

Key Points

Positve

Mandatum PLC (MANDF) experienced a 39% increase in fee results in Q4, reaching EUR 18.6 million.
Client assets under management rose by 5% quarter over quarter to EUR 14 billion, driven by strong net flows and positive asset returns.
Net flow increased by 86% year over year to EUR 392 million, reflecting strong client acquisition.
The company maintained a high solvency ratio of 210%, well above its midterm target.
Mandatum PLC (MANDF) proposed a total dividend of EUR 0.66 per share, reflecting strong dividend capacity and commitment to shareholders.

Negative

Profit before taxes fell by 24% year over year to EUR 35.1 million due to negative impacts from updated actuarial assumptions.
Net finance result decreased by 5% in Q4, totaling EUR 23.7 million, impacted by weaker financial market returns.
The with-profit investment return was only 0.3% in Q4, significantly lower than the previous year.
There was a EUR 6 million negative value change in the real estate portfolio in Q4.
The net finance result for the full year declined by 9% to EUR 136 million, with a year-to-date investment return of 4.3%.

Lotta BorgstrÃ;m

Mandatum Oyj - Head of Investor Relations

¶ -

Good morning and a warm welcome to Mandatum's Q4 results audiocast.

My name is Lotte Bostrom. I am head of investor relations here at Mandatum, and I am pleased to be joined today by our CEO, Petri Niemisvirta, and our CFO, Matti Ahokas

During this audiocast, Petri Niemisvirta and Matti Ahokas will initially walk you through the highlights and key developments of Matti Ahokas last quarter and full year 2024, after which we will take the Q&A where you have the possibility to dial in for any questions you might have.

Also, please do not 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 now let's move on to the figures.

All in all, I am very pleased with Mandatum's performance during the past year. In the fourth quarter, we experienced a

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