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Evli expects "clearly positive" operating profit for 2020 – launches global forestry fund

Following a stronger than expected Q3, Evli has regained redemptions and investment losses over the spring. Evli CEO Maunu Lehtimäki holds high hopes for continuing sales of alternative investment products, and plans to continue the EUR 13.6bn asset manager's energetic product launch program.

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

The speed at which Finland's Evli recovered from the tumultuous events in spring was surprisingly strong over the third quarter, and actually stronger than expected, says CEO of Evli Bank Maunu Lehtimäki.

"We estimate that the operating profit for 2020 will be clearly positive. This view is supported by a high ratio of recurring revenue to operating costs, as well as sales of alternative investment products, which have brought new, stable revenue," Lehtimäki says.

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