The Maj Invest group's financial results 2018 were satisfactory. Profit after tax amounted to DKK 92 million, corresponding to a return on average equity of 22 per cent. In 2017, profit after tax amounted to DKK 191 million after a number of non-recurring items.
Maj Invest Asset Management continued its international growth, and international clients constitute an increasing share of assets under management.
In 2018, Maj Invest Equity provided advisory services in respect of the sale of DK-Foods, among others, with a very satisfactory result for the investors. Maj Invest Equity also provided advisory services in respect of the completion of the investment in Roll-O-Matic, Good Food Group and Emballagegruppen.
The group established a company in India to support the international private equity activities. Maj Invest Equity International provided advisory services in respect of the completion of the investment in Bancompartir in Colombia as well as in the two Indian financial institutions Belstar Investment and Finance Private Limited and Aye Finance.
Maj Bank continues to increase its client intake and business volume with a result on par with expectations for 2018.
Read the annual report here.