Mandatum Oyj (MANDF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining Mandatum's Q2 2026 audiocast. My name is Lotta Borgström from Investor Relations and I am pleased to be joined today by our CEO Petri Niemisvirta, our CFO Matti Ahokas and as a special guest the Head of Asset and Wealth Management Janne Saaravikivi. During this audiocast we will begin by presenting the highlights and key developments from Mandatum's second quarter of 2026. We will also comment on the announced acquisition of the Swedish asset manager Kliens, which was communicated earlier this morning. Following the presentation, we will proceed to the Q&A session where you will have the opportunity to dial in with any questions you may have. Participants can also submit questions through the chat, which we will review within the available time after the dial-in Q&A. As stated, Janne Sarvikivi is joining us for today's call and will be available to comment in particular on the transaction and answer related questions later in this audio cast. And with these remarks, I will hand over to Petri. Please go ahead. Thank you, Lotta, and thank you all for joining us today. The second quarter was a strong one for Mandattu, with good results across the board. Our capital-like profit before taxes increased by 32% year-on-year to 27.1 million euros. This demonstrates the strength of our strategy and the continued growth of our core businesses. The market environment was supportive during the quarter. As a result, our client assets under management increased by 16% year-on-year to a record 16.7 billion euros. Net flow remained solid at 164 million euros and stayed at the same level as a year ago. The strong growth in assets supported our fee result, which increased by 21% to 22.4 million euros. The group's profit before tax is more...