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Q3: Solid results and successful office move

In the third quarter, our operating income was EUR 26.9 million and our operating expenses remained stable at EUR 21.0 million.

19 Oct 2017

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  • Total net result of EUR 4.4 million (Q3 2016: EUR 2.1 million)
  • Operating income of EUR 26.9 million (Q3 2016: EUR 27.3 million)
  • Operating expenses of EUR 21.0 million (Q3 2016: EUR 24.6 million)
  • Capital ratio and liquidity coverage ratio remain strong

In the third quarter, our operating income was EUR 26.9 million (Q2 2017: 25.3 million) and our operating expenses remained stable at EUR 21.0 million (Q2 2017: 20.8 million). As a result, the total net result is EUR 4.4 million (Q2 2017: EUR 3.4 million). The increase in operating income in this quarter was the result of higher, client related trading income. The operating expenses were impacted by additional costs incurred for the transfer of our IT operations and the move to our new office. Our outlook for 2017 remains unchanged.

Key figures
 

 

 

2017

2016

In EUR

 

Q3

Q2

Q1

Q4

Q3

Q2

Q1

Operating income*

million

 26.9

 25.3

28.3

48.3

27.3

25.2

 26.4

Operating expenses**

million

21.0

20.8

21.6

32.3

24.6

25.9

25.3

Net result

million

 4.4

3.4

5.1

11.9

 2.1

 0.1

0.8

* 2016-Q4 including sale of office building EUR 21.2 million
** 2016-Q3 including harmonisation IT personnel EUR 3.0 million
    2016-Q4 including EUR 9.3 million restructuring provision

By the end of this month, we will have relocated to our new office in Amsterdam-Zuidoost. This office is a modern and spacious building and is fully aligned with the integrated setup of our services.

Stay connected, we keep you up-to-date

Mark Stoffels

More information

Mark Stoffels

Member of the Managing Board, CFRO
+31 (0)20 557 5793