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Financial Results

Assets under management increased by 5.0% to EUR 3.3 billion at the end of 2016. The operating income (excluding extraordinary results) increased by 4.4% to EUR 31.3 million (2015: EUR 30.0 million). Total income was EUR 31.4 million.

Expenses in 2016 decreased by 1.9% to EUR 23.1 million (2015: EUR 23.6 million), primarily because of lower overhead expenses. Net profit was up by 8.3% compared to 2015 and amounted to EUR 6.2 million.

Triodos Investment Management’s balance sheet consists mostly of cash, short term debtors on managed entities and short term liabilities to Triodos Bank.