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Founded alongside the birth of the modern Nordic fixed income and equity capital markets at the end of the 1980s Evli Fund Management Company is today the best fund house in the Nordics, according to both Lipper and Morningstar.
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We draw on our heritage, broad expertise and Nordic values to grow and manage wealth for institutions, corporations and private persons in a responsible way.
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SSH - Q2 in line with our expectations

Name: Evli
Price range: $

SSH Q2 result was in line with our expectations. Outlook for 2019 is unchanged; SSH expects double digit percentage growth from software business (software fees, professional services, and recurring revenue) at comparable exchange rates

Q2 net sales were EUR 4.0 million (vs 4.4m our expectation)
Software fees were EUR 1.7 million (1.9m Evli), Professional services were EUR 0.1 million (0.3m Evli), and Recurring revenue was EUR 2.2 million (2.2m Evli)
Q2 operating profit was EUR 0.4 million (vs 0.4m our expectation)
EPS was 0.00 (vs. 0.00 our estimate)
Liquid assets were EUR 11.2m (12.3m Q1/19)
Business outlook for 2019 unchanged: SSH expects double digit percentage growth from software business (software fees, professional services, and recurring revenue) at comparable exchange rates

Open Report