Brief: Rothschild & Co Q1 Revenue Down To EUR 610.5 Mln

Rothschild & Co SCA

09/05/2023 16:51

May 9 (Reuters) - Rothschild & Co SCA  ROTH.PA :
    * OUTLOOK 2023: OUR CORE BUSINESSES TO CONTINUE TO PERFORM
WELL
DURING 2023, ALBEIT BELOW LEVELS OF 2022
    * 2023 WILL BE A MORE CHALLENGING YEAR GIVEN THE
MACROECONOMIC AND
GEOPOLITICAL ENVIRONMENT.
    * Q1 2023 REVENUE EUR 610.5 MILLION VERSUS EUR 684 MILLION
YEAR
AGO
    * OUTLOOK MERCHANT BANKING: CONTINUE TO GROW OUR RECURRING
REVENUE, ALBEIT AT A SLOWER PACE THAN THAT ACHIEVED IN Q1 2023
    * Q1 2023 GLOBAL ADVISORY REVENUE EUR 326.8 MILLION VERSUS
EUR
413.5 MILLION YEAR AGO
    * OUTLOOK 2023 WEALTH AND ASSET MANAGEMENT: RECORD HIGH NET
INTEREST INCOME GROWTH THIS QUARTER IS LIKELY TO SLOW AND THEN
REVERSE AS OUR COST OF FUNDING INCREASES

Source text: https://bit.ly/3HWLJjn
Further company coverage:  ROTH.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com ; +48 58 769 66 00;))