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After a strong second quarter Evli estimates full-year profit to be "clearly positive"

Even if market conditions should deteriorate in the rest of the year, full-year profit should be positive, says Finnish asset manager Evli, which implemented some cost savings in the first quarter.

Maunu Lehtimäki, CEO at Evli. | Photo: PR / Evli

A strong second quarter improved the half-year result at Finland's second-largest asset manager, Evli, which now expects to exit 2020 with a positive result.

"In the current market environment, we estimate that the operating profit for 2020 will be clearly positive. In a situation where market conditions would deteriorate from the current situation, we estimate the operating profit to be positive," Evli writes in its half-year report, published on Tuesday.

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