EFG seen up after announcing 2028 targets

EFG International AG

25/11/2025 07:54

** Shares in EFG International EFGN.S are seen up around 4% in in pre-market indications after the Swiss wealth manager said it targeted higher profits by 2028

** The company said it is now targeting a return on tangible equity of 20% by 2028, up from 15-18% in previous mid-term outlook

** At the same time, EFG stuck to its previous medium term net asset growth rate goal of 4-6% and announced a cost savings target of 70-80 million Swiss francs in the next three years

** Vontobel says the 2028 targets are in line with its estimates, adding that the new plan is "broadly a continuation of the previous one"

** The broker also says that the cost reductions should facilitate technology investments

** Shares of EFG International are up around 30% YTD

(Reporting by Simon Ferdinand Eibach)

((Simonferdinand.eibach@thomsonreuters.com))