Jan 27, 2026
The earnings season has begun, and today two Finnish businesses reported improving profits. Evli and Saga Furs operate in very different markets, but both showed that earnings can grow even in uncertain conditions.
Nordic wealth manager Evli capped 2025 with a 30 percent increase in comparable operating profit to €56.1 million. Net revenue reached €128.5 million, and assets under management rose to a record €21.4 billion. International clients were a key driver, with net subscriptions of nearly €1 billion during the year. The Wealth Management and Investor Clients segment carried the result, while advisory income softened.
CEO Maunu Lehtimäki pointed to supportive markets but did not downplay the risks. “Investor optimism was supported by solid corporate earnings growth, falling interest rate expectations in the US, and widespread enthusiasm for artificial intelligence technology,” he said, adding that geopolitics and currency moves continue to cloud the outlook.
Saga Furs delivered a quieter improvement. For the financial year ended October 2025, operating profit slipped to €1.4 million, but higher financial income lifted profit before tax to €4.5 million, up from €3.5 million. Earnings per share increased to €1.00, and profitability improved clearly in the second half, even as the volume of pelts sold declined.
Looking ahead, Saga Furs stressed that the 2025–2026 result will depend on auction prices that cannot be forecast in advance.
