Business development
Central to Titanium’s business are the operations of its wholly-owned subsidiaries, namely the funds and asset management services managed provided by Titanium Fund Management Ltd, investment advice and transmission of orders provided by Titanium Investment Services Ltd, and the insurance intermediation handled by Titanium Life Ltd.
The development of Titanium’s business is supported by the increase in the Group’s customer base, the increase in the amount of assets under management, active asset acquisition and good performance in real estate funds.
The Titanium Group was formed in November 2014 when Titanium Fund Management Company Ltd was acquired by Titanium Holding Oy (currently Titanium Oyj). The figure shows the income and operating profit of Titanium Fund Management Company Ltd’s fund management company operations for the financial years 2012–2014. As of the financial year 2015, the figure shows the Titanium Group’s net sales and, for comparability reasons, operating profit excluding amortisation of consolidated goodwill (EBITA).
Net sales and operating profit figures for full financial years are included in the companies’ audited financial statements. Operating profit excluding amortisation of consolidated goodwill is an alternative performance measure, the calculation of which has been adjusted for amortisation of consolidated goodwill arising from the formation of the Group structure and the acquisition of Investium.