Brief: EFG International Net Profit Grew To CHF 321.6 Mln In 2024

EFG International AG

19/02/2025 06:03

Feb 19 (Reuters) - EFG INTERNATIONAL AG  EFGN.S :
    * NET PROFIT GREW BY 6% YEAR ON YEAR TO A RECORD CHF 321.6
MILLION
IN 2024
    * HIGHEST DIVIDEND EVER WITH CHF 0.60 PER SHARE PROPOSED FOR
FINANCIAL YEAR 2024, UP 9% COMPARED TO 2023
    * FY NET NEW ASSETS² TOTALLED CHF 10.1 BILLION,
CORRESPONDING TO A
GROWTH RATE OF 7.1%, EXCEEDING EFG'S TARGET RANGE OF 4-6%
    * FY PROFIT BEFORE TAX OF CHF 381.4 MILLION FOR 2024, UP
+14%
COMPARED TO 2023
    * FY RETURN ON TANGIBLE EQUITY OF 18.6% IN 2024, ABOVE EFG'S
TARGET RANGE OF 15-18% AND UP FROM 18.2% IN 2023
    * COST/INCOME RATIO IMPROVED TO 72.9%³ IN 2024 COMPARED TO
73.3%
IN 2023
    * FY CET1 RATIO OF 17.7%, A TOTAL CAPITAL RATIO OF 21.5% AND
A
LIQUIDITY COVERAGE RATIO OF 242% AT END-2024

Further company coverage:  EFGN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))