eQ Oyj

On October 28, 2024, eQ Plc announced that CEO Mikko Koskimies is stepping down due to a serious illness but will help transition his responsibilities. Janne Larma, the current full-time Chair of the Board, will become Acting CEO and lead the eQ Group’s Management Team. Georg Ehrnrooth, the current Deputy Chair, will take over as Chair of the Board, while Larma remains a Board member. Tero Estovirta has been appointed Managing Director of eQ Asset Management Ltd and joins the eQ Group’s Management Team. Larma expressed gratitude for Koskimies’ contributions since 2012, noting significant growth in eQ’s Asset Management business and its strong market position among institutional clients. eQ Group, based in Finland, specializes in asset management and corporate finance, managing approximately EUR 13.3 billion in assets. More information is available on their website.

eQ Plc released its interim report for January to September 2024. The report highlights significant economic events, including unexpected changes in the Federal Reserve's interest rate policy due to weaker labor market data, leading to fears of recession and market volatility. The Federal Reserve cut its reference rate by 0.5 percentage points in September, while the European Central Bank also reduced its rate. China's economic measures boosted share prices at the end of the third quarter. Despite market fluctuations, the US and European stock markets showed positive returns. eQ's net revenue for the period was EUR 50.9 million, with an operating profit of EUR 27.6 million, an 8% decline from the previous year. eQ Asset Management's assets under management grew by 3% to EUR 13.3 billion, despite a 10% drop in net revenue. The firm's funds performed well, with 38% surpassing benchmark indices. Advium, part of eQ, saw increased profit, advising on several transactions. The Investments segment's operating profit rose slightly. Looking ahead, eQ anticipates continued growth in the asset management market in Finland, with strong sales in Private Equity products. The outlook for real estate funds remains challenging due to rising yields and decreased transactions. eQ expects growth in performance fees from 2025 onwards, supported by its competitive position in traditional asset management. The full interim report is available on eQ's website.

eQ Plc announced it will release its Q3 2024 interim report on Tuesday, October 22, 2024, at around 8:00 a.m. A press conference for the press, investors, and analysts will follow at 11:00 a.m. at eQ's head office in Helsinki, with an option to join via webcast, which requires registration. The conference will be conducted in Finnish, and presentation materials will be available on eQ's website once the conference begins. For registration, contact Nicolina.Zilliacus@eq.fi. eQ Group, a Finnish company, specializes in asset management and corporate finance, managing assets worth approximately EUR 13.2 billion. More information can be found on their website, www.eQ.fi.

On 9 September 2024, the Board of Directors of eQ Plc decided on the record and payment dates for the second instalment of the 2023 dividend, as authorized by the Annual General Meeting. The second instalment, amounting to EUR 0.40 per share, will be paid to shareholders registered with Euroclear Finland Ltd by 25 September 2024. The payment date is set for 2 October 2024. The Annual General Meeting on 21 March 2024 had resolved to pay a total dividend of EUR 0.80 per share for 2023, split into two instalments. The first instalment of EUR 0.40 per share was paid on 3 April 2024. eQ Plc is a Finnish company specializing in asset management and corporate finance, managing assets totaling approximately EUR 13.2 billion. More information is available on their website, www.eQ.fi.

eQ Plc announced that it will publish its financial reports in 2025 and will hold its Annual General Meeting on Tuesday, March 25, 2025. For additional information, contact CFO Antti Lyytikäinen at +358 9 6817 8741. eQ Group, a Finnish company specializing in asset management and corporate finance, manages approximately EUR 13.2 billion in assets. Its subsidiary, Advium Corporate Finance, provides services related to mergers and acquisitions, real estate transactions, and equity capital markets. More information is available on their website, www.eQ.fi.

eQ Plc's half-year report for January to June 2024 highlighted several key points: 1. **Market Overview**: The first half of 2024 saw anticipated economic slowdowns and inflation in the US and Europe. The US did not reduce interest rates as expected due to strong economic growth and persistent inflation. Europe saw a slight rate cut by the ECB, followed by market disruptions due to early elections in France. China continued economic stimulus efforts, while the US and Europe imposed new tariffs on Chinese products. 2. **Market Performance**: Equity markets performed well despite delays in rate cuts, with the US stock exchange rising significantly by 15.1% in dollars. Emerging markets and Europe also saw gains, though Europe was affected by French elections. The Finnish stock exchange lagged with a 3.5% return. The Japanese stock exchange faced currency-related challenges. 3. **eQ’s Financial Performance**: - **Group**: Net revenue was EUR 34.2 million, with an operating profit of EUR 18.1 million, a 9% decrease from the previous year. - **Asset Management**: Net turnover dropped by 12% to EUR 30.3 million, and operating profit fell by 18% to EUR 17.4 million. Assets under management grew by 3% to EUR 13.2 billion. - **Advium**: Net revenue increased to EUR 2.9 million from EUR 0.9 million, and operating profit was EUR 1.0 million. Advium advised on key transactions despite low M&A activity. - **Investments**: Operating profit rose to EUR 0.5 million. The balance sheet value of investments was EUR 17.3 million. 4. **Outlook**: The asset management market in Finland is growing, and eQ expects continued growth, especially in Private Equity products. However, real estate funds face challenges due to increased yields and decreased property values. Performance fees are expected to grow from 2025 onwards. The full report is available on eQ’s website.

eQ Plc will release its half-year report for the period from January 1 to June 30, 2024, on Tuesday, August 6, 2024, at around 8:00 a.m. A press conference to present the results will be held the same day at 11:00 a.m. at eQ's head office in Helsinki, with an option to participate via webcast. The press conference will be conducted in Finnish, and the presentation materials will be available on eQ's website after the event begins. Registration for the webcast is required and can be done by contacting Nicolina Zilliacus at Nicolina.Zilliacus@eq.fi. For additional information, contact CEO Mikko Koskimies at +358 9 6817 8799. eQ Group specializes in asset management and corporate finance, managing assets totaling approximately EUR 13.3 billion. More details about the Group can be found on their website, www.eQ.fi.