LHV Institutional Baltic Insight
Please find attached today's edition of the Baltic Insight.* Hepsor (HPR1T ET) Q4 2022 Review: Results broadly in line, 2023-2024 financial guidance remains intact
As predicted, Hepsor's Q4 2022 sales and profit numbers were mostly determined by the sale of apartments from the Strelnieku 4b project in Riga and the Paevälja Courtyard Houses project in Tallinn. In Q4 2022, Hepsor reported total revenues of nearly EUR 7.3m, down 9.6% y-o-y. Supported by the financial income under the equity method, the net profit attributable to the parent company shareholders reached EUR 1.5m, matching the lower end of our estimated profit range.
* Please also refer to the tables in the attachment.
LHV Bank is an independent pan-Baltic bank, based on Estonian capital. The company was founded in 1999 by two founders of Hansapank (today’s Swedbank in the Baltics) and has been offering a full range of investment services for 15 years. In May 2009, LHV received a credit institution licence allowing it to provide all banking services.
The head office is situated in Tallinn, Estonia. Cross-border services are offered in Vilnius, Lithuania and in Riga, Latvia. LHV provides brokerage (institutional and retail), asset management, banking and capital markets services. Compared to other banks, we are more innovative and have more solid experience in investment and entrepreneurship.
The Bank, together with the Group asset management company employs over 320 people. LHV Group shares are listed on Nasdaq Tallinn.
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