Tillkännagivande • Aug 27
EAB Group Plc Decides on Extra Distribution of Dividend, Payable on September 06, 2022 As permitted under the combination agreement between EAB Group Plc (EAB) and Evli Plc (Evli) concerning the merger of the companies, the Board of Directors of EAB has resolved based on the authorization granted by the company’s Extraordinary General Meeting held on 14 July 2022, that an extra dividend of EUR 0.17 per share will be distributed as dividend from the company’s retained earnings. The extra dividend will be paid on September 06, 2022 to shareholders who are on the record date of the extra dividend, August 30, 2022, entered in EAB’s shareholder register maintained by Euroclear Finland Oy. Major Estimate Revision • Aug 12
Consensus revenue estimates increase by 17% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €24.1m to €28.2m. EPS estimate increased from €0.24 to €0.38 per share. Net income forecast to grow 2.0% next year vs 0.8% decline forecast for Capital Markets industry in Finland. Consensus price target of €3.50 unchanged from last update. Share price was steady at €3.40 over the past week. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €800.0k from profit in 1H 2021). Profit margin: (down from 7.7% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 2.1% compared to a 12% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 05
EAB Group Oyj Provides Earnings Guidance for the Year 2022 EAB Group Oyj provided earnings guidance for the year 2022. For the year, the company expected net profit percentage to be significantly positive in case the market environment does not significantly worsen during the rest of the year. Tillkännagivande • Jul 05
Kesko Oyj (HLSE:KESKOB) entered into an agreement to acquire Portfolio of three retail properties from Elite Finland Value Added Fund Ii Ky, EAB Group Oyj (HLSE:EAB). Kesko Oyj (HLSE:KESKOB) entered into an agreement to acquire Portfolio of three retail properties from Elite Finland Value Added Fund Ii Ky, EAB Group Oyj (HLSE:EAB) on July 4, 2022. Tillkännagivande • Jun 11
EAB Group Plc Provides Earnings Guidance for the First Half and Full Year of 2022 EAB Group Plc provided earnings guidance for the first half and full year of 2022. For the first half, the net profit percentage for January-June 2022 is expected to become significantly positive. The full-year net profit percentage is also expected to be significantly positive (earlier clearly positive) in case the market environment does not significantly worsen during the rest of the year. Tillkännagivande • Jun 07
Eab Group plc Announces CFO Changes CFO Roman Cherkasov will leave the Executive Group of EAB Group during the last quarter of 2022. Cherkasov will move to a new position outside the Group. To allow for a flexible transfer of duties, Cherkasov will be available for the Group during a transition period. Considering the combination agreement with Evli Plc, signed and published on 31 May 2022, the Group will not seek for a replacement for Cherkasov. Vice President Raisa Friberg, Head of Private Customer Business Unit Rami Niemi and Head of Institutional Customer Business Unit Mona von Weissenberg will continue in the Executive Group. Price Target Changed • Apr 27
Price target increased to €3.50 Up from €3.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €3.36. The company is forecast to post earnings per share of €0.24 for next year compared to €0.15 last year. Tillkännagivande • Apr 23
Evli Plc (HLSE:EVLI) agreed to acquire EAB Group Oyj (HLSE:EAB). Evli Plc (HLSE:EVLI) agreed to acquire EAB Group Oyj (HLSE:EAB) on April 22, 2022. The current members of the Board of Directors of Evli, would continue as board members of the Combined Company. Maunu Lehtimäki, current CEO of Evli, would continue as the CEO of the Combined Company. The Contemplated Combination is estimated to be completed during the second half of 2022. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improved over the past week After last week's 19% share price gain to €3.48, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Capital Markets industry in Finland. Total returns to shareholders of 36% over the past three years. Tillkännagivande • Apr 08
EAB Group Plc Approves Dividend for the Financial Year 2021, Payable on April 20, 2022 EAB Group Plc at its annual general meeting held on April 7, 2022, announced that the company resolved that a dividend of EUR 0.11 per share for the financial year 2021 shall be paid. The dividend shall be paid to a shareholder who is registered in the Company's shareholders’ register, maintained by Euroclear Finland Ltd, on the record date for payment, April 11, 2022. It was resolved that the dividend is paid on April 20, 2022. Upcoming Dividend • Apr 01
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 20 April 2022. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Finnish dividend payers (4.4%). Lower than average of industry peers (4.5%). Reported Earnings • Feb 14
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €0.15 (up from €0.018 in FY 2020). Revenue: €22.2m (up 19% from FY 2020). Net income: €2.10m (up €1.80m from FY 2020). Profit margin: 9.5% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 7.4%, compared to a 8.9% growth forecast for the funds industry in Finland. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 12
EAB Group Oyj Provides Earnings Guidance for the Year 2022 EAB Group Oyj provided earnings guidance for the year 2022. For the year, the company estimate that the net profit percentage for 2022 will be clearly positive. If market conditions would deteriorate significantly, the company will re-evaluate the estimate. The estimate is based on the current operations. Acquisitions or other major changes in operations might have an impact on the outlook. Upcoming Dividend • Aug 23
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 07 September 2021. Trailing yield: 1.5%. Lower than top quartile of Finnish dividend payers (3.5%). Lower than average of industry peers (3.8%). Reported Earnings • Aug 09
First half 2021 earnings released: EPS €0.058 (vs €0.058 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €10.4m (up 21% from 1H 2020). Net income: €800.0k (up €1.60m from 1H 2020). Profit margin: 7.7% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • May 13
Elite Finland Value Added Fund Ii Ky, fund managed by EAB Group Oyj (HLSE:EAB) agreed to acquire Five commercial Properties in Finland from WGF III, fund managed by WasaGroup Oy for €20 million. Elite Finland Value Added Fund Ii Ky, fund managed by EAB Group Oyj (HLSE:EAB) agreed to acquire Five commercial Properties in Finland from WGF III, fund managed by WasaGroup Oy for €20 million on May 12, 2021. The assets are located in Espoo, Porvoo, Järvenpää, Vääksy and Kuopio in Finland. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS €0.018 (vs €0.088 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €18.6m (up 1.6% from FY 2019). Net income: €300.0k (up €1.80m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 19% growth forecast for the Capital Markets industry in Finland. Tillkännagivande • Mar 04
Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) acquired Light Industrial Portfolio in Finland in Finland from Cromwell Property Group (ASX:CMW). Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) acquired Light Industrial Portfolio in Finland from Cromwell Property Group (ASX:CMW) on March 2, 2021. The portfolio includes five light industrial properties with a leasable area of approximately 20,000 square meters in total. The buildings are located in popular industrial areas in Helsinki, Espoo, Tampere and Oulu. Catella Property Oy acted as the financial advisor to Cromwell Property Group.
Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) completed the acquisition of Light Industrial Portfolio in Finland from Cromwell Property Group (ASX:CMW) on March 2, 2021. Reported Earnings • Feb 13
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €18.6m (up 1.6% from FY 2019). Net income: €300.0k (up €1.80m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 15%, compared to a 19% growth forecast for the Capital Markets industry in Finland. Is New 90 Day High Low • Feb 04
New 90-day high: €3.38 The company is up 7.0% from its price of €3.16 on 04 November 2020. The Finnish market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 30% over the same period. Tillkännagivande • Dec 24
Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) acquired Three properties in Helsinki and Jyväskylä in Finland from EAB Group Oyj (HLSE:EAB) for €11 million. Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) acquired Three properties in Helsinki and Jyväskylä in Finland from EAB Group Oyj (HLSE:EAB) for €11 million on December 23, 2020. The property portfolio is managed by real estate investment service Fennia Properties, a subsidiary of Finnish S-Bank.
Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) completed the acquisition of Three properties in Helsinki and Jyväskylä in Finland from EAB Group Oyj (HLSE:EAB) on December 23, 2020. Is New 90 Day High Low • Sep 25
New 90-day high: €3.26 The company is up 48% from its price of €2.20 on 26 June 2020. The Finnish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Tillkännagivande • Sep 23
EAB Group Oyj Announces Board Members Appointments EAB Group Oyj at its AGM Helge Arnesen and Julianna Borsos were elected to the Board of Directors as new members. Tillkännagivande • Aug 28
EAB Group Oyj to Report Fiscal Year 2020 Results on Feb 12, 2021 EAB Group Oyj announced that they will report fiscal year 2020 results at 6:00 AM, GMT Standard Time on Feb 12, 2021 Tillkännagivande • Aug 19
Elite Finland Value Added Fund Ii Ky, a fund managed by EAB Group Oyj (HLSE:EAB) acquired a commercial property located at Kuitinmäentie 27, Friisilä, Espoo from Trevian Retail Fund I, a fund managed by Trevian Asset Management Oy. Elite Finland Value Added Fund Ii Ky, a fund managed by EAB Group Oyj (HLSE:EAB) acquired a commercial property located at Kuitinmäentie 27, Friisilä, Espoo from Trevian Retail Fund I, a fund managed by Trevian Asset Management Oy on August 12, 2020. HPP Attorneys Ltd acted as legal advisor to EAB Group.
Elite Finland Value Added Fund Ii Ky, a fund managed by EAB Group Oyj (HLSE:EAB) completed the acquisition of a commercial property located at Kuitinmäentie 27, Friisilä, Espoo from Trevian Retail Fund I, a fund managed by Trevian Asset Management Oy on August 12, 2020.