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Taaleri Oyj (TAALA.HE)

Helsinki - Helsinki Real-time price. Currency in EUR
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11.25-0.10 (-0.88%)
At close: 6:29PM EEST
Full screen
Previous close11.35
Open11.35
Bid11.20 x 0
Ask11.25 x 0
Day's range11.10 - 11.40
52-week range6.08 - 11.40
Volume64,475
Avg. volume49,157
Market cap318.438M
Beta (5Y monthly)0.96
PE ratio (TTM)25.00
EPS (TTM)0.45
Earnings date13 Aug 2020
Forward dividend & yield1.00 (8.89%)
Ex-dividend date31 May 2021
1y target est9.70
  • Globe Newswire

    Taaleri publishes segments’ comparative financial results for 2020 in accordance with its revised strategy

    TAALERI PLC STOCK EXCHANGE RELEASE 16 MARCH 2021 at 8:20 EET Taaleri publishes segments’ comparative financial results for 2020 in accordance with its revised strategy Taaleri publishes segments’ comparative financial results for 2020 in accordance with its revised strategy, announced on 16 March 2021. On 10 March 2021 Taaleri announced to sell its wealth management operations to Aktia Bank Plc. In connection with the signing of the sales agreement, Taaleri has classified the related operations as held-for-sale assets and reports them according to IFRS 5 as discontinued operations. In its segment reporting, Taaleri reports only continuing operations, which means that wealth management operations are no longer reported. With effect from 2021, Taaleri’s continuing operations include two reported segments: Private Asset Management, which is divided to Renewable energy and Other private asset management and Strategic Investments, which includes Garantia Insurance Company Ltd. The Other group is used to present the Group’s non-strategic investments, Taaleri Kapitaali and Group operations not included in the business segments. The table below presents the unaudited segments’ financial results for 2020 excluding the divested wealth management operations. Continuing operations 1.1–31.12.2020 MEUR PRIVATE ASSET MANAGEMENT Renewable energy Other private asset management STRATEGIC INVESTMENTS(Garantia) OTHER TOTAL Continuing earnings 18.5 14.3 4.2 14.6 2.7 35.9 Performance fees 1.0 1.0 0.0 - - 1.0 Investment operations 2.4 2.1 0.3 2.5 -1.8 3.2 Total income 21.9 17.4 4.5 17.2 0.9 40.0 Fee and commission expense -7.0 -4.3 -2.7 -0.2 -1.0 -8.2 Interest expense 0.0 0.0 0.0 - -3.2 -3.2 Personnel costs -5.5 -4.3 -1.2 -3.3 -4.5 -13.3 Direct expenses -3.1 -2.2 -0.9 -1.7 -1.1 -6.0 Depreciation, amortisation and impairment -0.1 0.0 0.0 0.0 0.0 -0.1 Impairment losses on loans - - - - -0.1 -0.1 Operating profit before allocating the financing expenses 6.2 6.6 -0.4 11.9 -9.0 9.1 Allocation of financing expenses -2.5 -1.7 -0.8 -1.7 4.2 - Operating profit 3.7 4.9 -1.2 10.2 -4.8 9.1 Operating profit, % 17% 28% -26% 59% -524% 23% Change in fair value of investments 0.0 - 0.0 0.2 0.0 0.2 Profit before taxes and non-controlling interests 3.7 4.9 -1.2 10.4 -4.8 9.3 The estimated combined turnover of the divested business in 2020 were reported at EUR 35.5 million and estimated operating profit at EUR 10.1 million. External services related to the transaction and thus related to discontinued operations, of EUR 1.6 million in 2020, have been deducted from the figures in the table above. The completion of the transaction is subject to the approvals issued by Finnish Competition and Consumer Authority and Financial Supervisory Authority (FIN-FSA) which are required by applicable laws and regulation. It is estimated that the transaction will be completed in May 2021, provided that the approvals have been granted and the terms for completing the transaction are fulfilled. The segments’ financial results presented reflect the figures after the completion of the transaction. Taaleri Plc For further information please contact: CFO Minna Smedsten, tel. +358 40 700 1738, minna.smedsten@taaleri.com Taaleri in brief Taaleri is a Finnish financial services company, whose parent company, Taaleri Plc, is listed on Nasdaq Helsinki main market. At the end of 2020, Taaleri had assets under management totalling EUR 7.6 billion and over 6,000 wealth management customers. Taaleri Plc has some 6,000 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority. More information about our company and services: www.taaleri.com/enwww.taalerivarainhoito.com/enwww.taalerienergia.comwww.taalerikapitaali.com/enwww.garantia.fi/en www.fellowfinance.fi/en Siri Markula, Head of Communications and IR, tel. +358 40 743 2177, siri.markula@taaleri.com

  • Globe Newswire

    Taaleri revises its strategy and updates its long-term financial targets – growth driven by private equity funds focusing on renewable energy and other alternative investments

    TAALERI PLC STOCK EXCHANGE RELEASE 16 MARCH 2021 AT 8:15 EET Taaleri revises its strategy and updates its long-term financial targets – growth driven by private equity funds focusing on renewable energy and other alternative investments Taaleri has revised its strategy for 2021–2023 and updated its long-term financial targets. The goal of the strategy is to increase Taaleri’s assets under management to over EUR 3 billion in 2023. Growth will be driven by private equity funds focusing on renewable energy and other alternative investments. Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability. “Our purpose is to channel capital to economically profitable undertakings that have a lasting positive impact on the environment and society. I think this is perfectly realised in our revised strategy. We use our private equity funds to create, for example, wind and solar power, biofuels and real estate,” says Robin Lindahl, CEO of Taaleri. “Our experience has taught us that sustainability and profitability thrive side by side.” Our strategic priorities for 2021–2023 are: 1. We put impact and renewable energy at the heart of our operationsWe are developing and expanding private equity funds that seek not only economic returns but also measurable benefits for the environment and society. We use our funds to create, among other things, wind and solar power, biofuels and real estate.2. We seek to scale all our businessesIn our private equity funds, we aim to significantly increase the average size of funds and our assets under management, which will increase continuing earnings and improve the profitability of the funds. At Garantia Insurance Company Ltd, we will continue to promote a strategy based on a scalable business model, risk pooling and an extensive distribution network.3. We are expanding the sales and distribution of our private equity fundsWe are starting a strategic partnership with Aktia Bank Plc, which will open a significant distribution channel for our products. We are strengthening our own sales to major institutional clients and international investors. In addition, we are seeking new international distribution channels.4. We optimise return on capital and balance sheet usageWe will increase the efficiency of our use of capital and distribute to shareholders the capital that the company does not need for growth investments or to fulfil its targets for solvency. The implementation of Taaleri’s strategy is supported by our deep expertise and extensive experience in private equity funds focusing on alternative investments. The pillars of our strategy are: Diverse offering in impact and renewables: Unique product offering across multiple asset classesIntegrated way of working: Strong track record in connecting capital, ideas, talent and entrepreneurshipEnd-to-end expertise: Robust capabilities to develop, build, manage and exit investments Taaleri’s long-term financial targets are: Growth in recurring revenues: at least 15% (unchanged)Operating profit: at least 25% (previously at least 20%)Return on equity: at least 15% (unchanged) According to Taaleri’s updated dividend policy, the company’s objective is to distribute to shareholders at least 50 percent of the profit for the financial year, and the capital that the company does not need for growth investments or to fulfil its targets for solvency. Taaleri is changing the reporting of its business segments to reflect the revised strategy. As of 1 January 2021, the Taaleri Group has two reporting business segments: Private Asset Management and Strategic Investments. The Private Asset Management segment includes the renewable energy, real estate, bioindustry and infrastructure businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd. In addition, the Other group is used to present the Group’s non-strategic investments, Taaleri Kapitaali and Group operations not included in the business segments. The regulation of Taaleri will change with the divestment of the wealth management business operations. Following the completion of the transaction, Taaleri will in its own view not be subject to the regulation of the investment services business, nor will Taaleri form a Financial and Insurance Conglomerate. Taaleri will present its revised strategy in its Capital Markets Day live webcast on Tuesday, 23 March 2021. All the presentations of the day can be followed via a webcast at https://taaleri.videosync.fi/2021-03-23-capitalmarketsdaytaaleri. Taaleri Plc Board of Directors For more information, please contact: CEO Robin Lindahl, tel. + 358 50 595 9616, robin.lindahl@taaleri.com Please note: The information presented in this stock exchange release is conditional on the completion of the sale of Taaleri’s wealth management business operations announced by Taaleri on 10 March 2021. Should the implementation not take place for any reason, the matters set out in this stock exchange release will not be implemented, and Taaleri will inform about the non-implementation and its effects on the matters set out in this stock exchange release. Taaleri in brief Taaleri is a Finnish financial services company, whose parent company, Taaleri Plc, is listed on Nasdaq Helsinki main market. At the end of 2020, Taaleri had assets under management totalling EUR 7.6 billion and over 6,000 wealth management customers. Taaleri Plc has some 6,000 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority. More information about our company and services: www.taaleri.com/enwww.taalerivarainhoito.com/enwww.taalerienergia.comwww.taalerikapitaali.com/enwww.garantia.fi/en www.fellowfinance.fi/en Siri Markula, Head of Communications and IR, tel. +358 40 743 2177, siri.markula@taaleri.com

  • Globe Newswire

    Invitation to Taaleri Capital Markets Day 23 March 2021

    TAALERI PLC PRESS RELEASE 10 MARCH 2021 AT 8:15 EET Invitation to Taaleri Capital Markets Day 23 March 2021 Taaleri invites analysts, institutional investors and media to its virtual Capital Markets Day. The event will take place on Tuesday 23 March 2021 from 12:00 EET onwards as a live webcast. The event focuses on Taaleri’s revised strategy, which will be announced before the Capital Markets Day. Through management presentations, the attendees will hear about Taaleri’s plans to execute its strategy and reach its financial targets. In addition to CEO Robin Lindahl and CFO Minna Smedsten, the speakers will be Taaleri's business leaders. All the presentations of the day can be followed via a webcast at https://taaleri.videosync.fi/2021-03-23-capitalmarketsdaytaaleri. More detailed information about the final agenda and schedule of the event will be published closer to the event at https://www.taaleri.com/en/investors. Presentation materials will also be published on the day of the event on Taaleri Investors website. The event will be in Finnish and the presentation materials in English. For further information, please contact: Siri Markula, Head of Communications and IR, +358 40 743 2177, siri.markula@taaleri.com Taaleri in brief Taaleri is a Finnish financial services company, whose parent company, Taaleri Plc, is listed on Nasdaq Helsinki main market. The Taaleri Group comprises three business areas: Wealth Management, Insurance, and Energy. In addition, the Group makes investments from its own balance sheet. At the end of 2020, Taaleri had assets under management totalling EUR 7.6 billion and over 6,000 wealth management customers. Taaleri Plc has some 6,000 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority. More information about our company and services: www.taaleri.com/enwww.taalerivarainhoito.com/enwww.taalerienergia.comwww.taalerikapitaali.com/enwww.garantia.fi/en www.fellowfinance.fi/en Siri Markula, Head of Communications and IR, tel. +358 40 743 2177, siri.markula@taaleri.com