LSE:69BL

Finnvera Group, Interim Management Statement 1 January–31 March 2024

Retrieved on: 
Freitag, Mai 10, 2024
Tech, Economy, Interim management, EUR, PDF, SME, Employment, Econ, Supervisory board, Parliament, Ministry, Fund, Bank statement, Annual report, OECD

During the period under review, the Finnvera Group’s realised credit losses amounted to EUR 16 million (96).

Key Points: 
  • During the period under review, the Finnvera Group’s realised credit losses amounted to EUR 16 million (96).
  • This may cause uncertainty about the Finnvera Group’s financial performance in 2024.
  • This stock exchange release is a summary of Finnvera Group’s Interim Management Statement of January–March 2024 and contains the relevant information from the report.
  • The Interim Management Statement in its entirety is attached to this bulletin as a PDF file and is available on the company’s website at www.finnvera.fi/financial_reports in Finnish and English.

Juuso Heinilä appointed CEO of Finnvera plc as of 1 June 2024

Retrieved on: 
Mittwoch, April 10, 2024
OP, Master of Science, SME, Econ, Tech, Management

The Board of Directors of Finnvera plc has appointed M.Sc.

Key Points: 
  • The Board of Directors of Finnvera plc has appointed M.Sc.
  • Juuso Heinilä CEO of the company as of 1 June 2024.
  • I wish Juuso every success in his new role as well,” says Petri Ekman, Chair of Finnvera’s Board of Directors.
  • Pauli Heikkilä will retire from Finnvera next autumn, after almost 20 years of service as CEO.

Correction to Stock Exchange Release: Finnvera's Annual Review and Sustainability Report 2023

Retrieved on: 
Freitag, Februar 16, 2024
Sustainability, Annual Review, Finnvera, Annual report, Aquaculture

Correction to Stock Exchange Release: Finnvera's Annual Review and Sustainability Report 2023

Key Points: 
  • Correction to Stock Exchange Release: Finnvera's Annual Review and Sustainability Report 2023
    The issuer is solely responsible for the content of this announcement.
  • Correction to Stock Exchange Release: Finnvera's Annual Review and Sustainability Report 2023
    On 15 February 2024, as part of the annual report, Finnvera published the Annual Review and Sustainability Report 2023, which included incorrect figures in the table describing Finnvera's carbon footprint.
  • The corrected figures are below and on page 24 of the attached Annual Review and Sustainability Report 2023.

Finnvera Group’s Report of the Board of Directors and Financial Statements 2023

Retrieved on: 
Donnerstag, Februar 15, 2024
XHTML, Investment, Growth, Business Finland, Loan, Government, Risk, SME, Climate, PDF, EUR, Fund, Negotiable instrument, Finnvera, Bank statement, Renewable energy

Finnvera was able to partially reverse loss provisions in 2023, particularly regarding the shipping sector.

Key Points: 
  • Finnvera was able to partially reverse loss provisions in 2023, particularly regarding the shipping sector.
  • Finnvera publishes its Board of Directors’ Report and its financial statements as an XHTML file compliant with the European Single Electronic Format (ESEF) requirements.
  • Auditors KPMG Oy have issued an independent assurance report that provides reasonable assurance concerning Finnvera’s ESEF financial statements.
  • Finnvera additionally publishes the report and financial statements in PDF format.

Interim Management Statement 1 January – 30 September 2023

Retrieved on: 
Mittwoch, Dezember 13, 2023
EUR, Finnvera, OECD, PDF, Risk, Fund, Reinsurance, Insurance, EU

In the third quarter, the loss provisions for export credit guarantee and special guarantee operations were kept unchanged.

Key Points: 
  • In the third quarter, the loss provisions for export credit guarantee and special guarantee operations were kept unchanged.
  • The business outlook of cruise shipping companies has improved in 2023, and the sector's liabilities have decreased, but the credit risk remains high.
  • This stock exchange release is a summary of Finnvera Group's interim management report of January−September 2023 and contains the relevant information from the report.
  • The interim management report in its entirety is attached to this bulletin as a PDF file and is available on the company's website in Finnish and English at www.finnvera.fi/financial_reports .

Finnvera Group’s Half-Year Report 1 January–30 June 2023

Retrieved on: 
Dienstag, August 22, 2023
Climate, MV Werften, Telecommunications, SME, Finnvera, EUR, Digitalization, Investment, InvestEU, Risk, Growth, PDF, Fund, Reinsurance, Insurance, Bank

With respect to export credit guarantees, it seems that the year 2023 will be very good in terms of euros.

Key Points: 
  • With respect to export credit guarantees, it seems that the year 2023 will be very good in terms of euros.
  • In particular, the risks are associated with cruise shipping and exposures in Russia, resulting in uncertainty about the Finnvera Group’s financial performance in 2023.
  • In line with the Q1/2023 report the Group’s result for 2023 is largely determined by realised final credit losses and changes in the amount of loss provisions.
  • This stock exchange release is a summary of Finnvera Group’s Half-Year Report of January–June 2023 and contains the relevant information from the report.

New members to Finnvera’s Supervisory Board

Retrieved on: 
Dienstag, August 22, 2023
National Coalition Party, Supervisory board, Finns Party, Parliament, Social Democratic Party of Finland, Supervision, Minister–Secretary of State for Finland, Democratic Party, Centre Party (Finland), Annual general meeting, Convenience food, Finnvera

New members have been elected to Finnvera's Supervisory Board.

Key Points: 
  • New members have been elected to Finnvera's Supervisory Board.
  • Members of Parliament Seppo Eskelinen, Mari-Leena Talvitie, Ville Väyrynen, Rami Lehtinen, Onni Rostila, Aki Lindén, Hilkka Kemppi, Sofia Virta and Hanna Sarkkinen were elected as new members to the Supervisory Board for a term lasting until the 2024 Annual General Meeting.
  • Member of Parliament Sofia Vikman will continue as Chairman of the Supervisory Board.
  • After the decision, the members of Finnvera plc's Supervisory Board are:
    Member of Parliament Mari-Leena Talvitie, National Coalition Party
    Member of Parliament Ville Väyrynen, National Coalition Party
    Member of Parliament Rami Lehtinen, Finns Party
    Member of Parliament Onni Rostila, Finns Party
    Member of Parliament Aki Lindén, Finnish Social Democratic Party
    Member of Parliament Hilkka Kemppi, Finnish Centre Party
    Member of Parliament Sofia Virta, The Greens
    Member of Parliament Hanna Sarkkinen, Left Alliance

Interim Management Statement 1 January – 31 March 2023

Retrieved on: 
Freitag, Mai 5, 2023
MV Werften, SME, OECD, Finnvera, EUR, Risk, PDF, Fund, Financial services, Bank, Insurance, EU

The credit risk for Finnish Export Credit Ltd’s export credits is covered by the parent company Finnvera plc’s export credit guarantee.

Key Points: 
  • The credit risk for Finnish Export Credit Ltd’s export credits is covered by the parent company Finnvera plc’s export credit guarantee.
  • The fluctuation in the amount of export credit guarantees and export credits is influenced by the timing of individual major export transactions.
  • This stock exchange release is a summary of Finnvera Group's interim management report of January–March 2023 and contains the relevant information from the report.
  • The interim management report in its entirety is attached to this bulletin as a PDF file and is available on the company's website at www.finnvera.fi .

Finnvera’s General Meeting: new members in Finnvera’s Board of Directors and Supervisory Board

Retrieved on: 
Freitag, März 17, 2023
Vice, Master of Laws, Lawyer, Bank statement, Economy, Annual, Supervisory board, The Finnish Business School Graduates, Tech, Econ, Finnish Confederation of Professionals, Centralisation, Parliament, Finnvera, Employment, First, Confederation of Finnish Industries, Ministry, Terhi Hakala, Northwestern University Master of Product Design and Development Management, Annual general meeting, Ministry of Economic Affairs and Employment, Council, Central Organisation of Finnish Trade Unions, Ministry of Finance (Finland), EMBA, Ministry of Finance and Economic Planning (Ghana), Second, Management, Property management, Suomen Sisu

), will continue as the Chairman of the Board of Directors, and Hannu Jaatinen, M.Sc .

Key Points: 
  • ), will continue as the Chairman of the Board of Directors, and Hannu Jaatinen, M.Sc .
  • Antti Neimala, Director General from the Ministry of Economic Affairs and Employment, and Terhi Järvikare, Director General from the Ministry of Finance, will not continue in the Board of Directors.
  • Sofia Vikman, Member of Parliament, continued as Chairman of the Supervisory Board and Johannes Koskinen, Member of Parliament, continues as Vice Chairman.
  • The Annual General Meeting adopted the consolidated financial statements and the parent company’s financial statements for the period 1 January–31 December 2022, discharged the company’s Supervisory Board, Board of Directors and CEO from liability and approved the proposal made by the Board of Directors for the use of the parent company’s result.

Report of the Board of Directors and Financial Statements 2022

Retrieved on: 
Mittwoch, Februar 22, 2023
Loss, Bank statement, Employment, Coronavirus, Ministry of Economic Affairs and Employment, Investment, Financial statement, InvestEU, Report, XHTML, EUR, Ministry, Institute of Public Accountants, Telecommunications, Policy, Economy, Climate, Growth, SME, ESEF, Insurance, Bank, Financial services, Finnvera, EU

Banks have access to a higher number of EU financial instruments than before, which may reduce demand for domestic financing from Finnvera.

Key Points: 
  • Banks have access to a higher number of EU financial instruments than before, which may reduce demand for domestic financing from Finnvera.
  • Finnvera publishes the Report of the Board of Directors and the Financial Statements as an XHTML file according to the European Single Electronic Format (ESEF) reporting.
  • Authorised Public Accountant company KPMG Oy has provided an independent auditor’s reasonable assurance report on Finnvera’s ESEF financial statements.
  • In addition, Finnvera publishes the Report of the Board of Directors and the Financial Statements as a pdf report.