eQ Oyj (0DK7) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yes, I can hear you. Okay, good. Welcome to this place as well as to the line. My name is Jouko Pölönen, the first executive director of the EU. We also have here with us the executive director of the Varaohoito EU, Tero Estovirta, and then also the executive director of the EU, Antti Lyytikäinen. But let's briefly go through the just published report. Our opening figures, the event of the year of review. Of course, the exchange rate dropped so much in the fall and September, as well as the last quarter, Q3. Of course, the drop in Q3 is already getting smaller. In that sense, Q3, the balance sheet figures were already very stable for us. But of course, especially on the corporate finance side, success rates have not been achieved at all in the beginning of the year. Our turnover of 19.4 million euros is 30% less than a year earlier, and it comes through all of our business areas, both in retail, corporate finance and also in investment operations. The net profit per month is 7.6 million euros, 20% lower than a year earlier. The profitability is still good, considering the net profit level in relation to the exchange rate and the cost-benefit ratio, even though it rose over 50-54.6% at the consumer level, so it's quite OK. Our management fees Without the reporting service, the 10.2 million euros were slightly less than in the year change. According to the reporting services, the increase was 13.7 million euros. What was positive was that we raised over 225 million euros in our private equity and housing funds. In that sense, we especially want to grow in terms of private equity in the future. Especially next year, we will have a lot of private equity products for sale. Advium and Consign's own investment operations suffered from a difficult business environment. The a...