Brief: Rothschild & Co FY Revenue Stable At EUR 2,965 Mln

Rothschild & Co SCA

13/02/2023 17:07

Feb 13 (Reuters) - Rothschild & Co SCA  ROTH.PA :
    * FY REVENUE €2,965M, +1%
    * FY NET INCOME €606M, -21%
    * FY EPS €8.38, -21%
    * FY ROTE 20.7%
    * FY SOLVENCY RATIO 22.3%
    * WEALTH AND ASSET MANAGEMENT: FY REVENUE €703M, +19%
    * WEALTH AND ASSET MANAGEMENT: FY €101.6BN OF AUM (-2%)
    * MERCHANT BANKING: FY €22.9BN OF AUM
    * MERCHANT BANKING: FY REVENUE €406M, +2%
    * OUTLOOK 2023: WE EXPECT OUR THREE CORE BUSINESSES TO
CONTINUE TO
PERFORM WELL DURING 2023, ALBEIT BELOW LEVELS OF 2022
    * 2023 WILL BE A MORE CHALLENGING YEAR GIVEN MACRO AND
GEOPOLITICAL ENVIRONMENT
    * WEALTH & ASSET MANAGEMENT: EXCEPTIONAL PROFIT GROWTH SEEN
IN
2022 IS UNLIKELY TO BE REPEATED IN 2023
    * GLOBAL ADVISORY: WE EXPECT A WEAKER START TO 2023 COMPARED
TO
THE LEVELS OF COMPLETION ACTIVITY WE SAW IN 2022
    * MERCHANT BANKING: WE ANTICIPATE A SLOWDOWN IN INVESTMENT
PERFORMANCE REVENUE COMPARED TO 2021 AND 2022
    * CONCORDIA OFFER: OBJECTIVE TO FILE THE OFFER BY MID-2023
    * CONCORDIA OFFER: TARGET OFFER OPENING IN SUMMER 2023

Source text: https://bit.ly/3K4a5tr
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