REG-UBS AG UBS publishes 2023 Annual Report and Sustainability Report

UBS AGAnnouncement

28/03/2024 07:00

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UBS publishes 2023 Annual Report and Sustainability Report

 

Ad hoc announcement pursuant to Article 53 LR.

UBS (NYSE:UBS) (SWX:UBSN) has published its Annual Report, presenting fully
audited results for the year ending 31 December 2023. It provides
comprehensive and detailed information on the firm, the acquisition of Credit
Suisse, our strategy, business, governance and compensation, financial
performance and risk, treasury and capital management, as well as on the
regulatory and operating environment in 2023.

Following the publication of the unaudited fourth quarter 2023 financial
report on 7 February 2024, we have refined our acquisition-date fair value
estimates in accordance with the 12-month measurement period requirements
provided by IFRS 3. This has resulted in an adjustment of USD 1.2 billion,
decreasing the negative goodwill to USD 27.7 billion. Our net profit
attributable to shareholders therefore was USD 27.8 billion for 2023, down
from USD 29 billion. Diluted earnings per share decreased by USD 0.36 to USD
8.45. In addition, the CET1 capital ratio decreased to 14.4% from 14.5%.

The Sustainability Report provides details on UBS’s sustainability and
impact strategy, including how the firm meets clients’ sustainable finance
and investing needs. It also sets out our ambition to achieve net-zero
greenhouse gas emissions across our scope 1 and 2, and specified scope 3
activities by 2050. Further, it provides details on our revised
decarbonization targets, as well as our updated sustainability and climate
risk policy framework, following the acquisition of Credit Suisse.

The reports, along with associated disclosures, are available at
www.ubs.com/annualreporting
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ubs.com%2Fannualreporting&esheet=53916144&newsitemid=20240327540801&lan=en-US&anchor=www.ubs.com%2Fannualreporting&index=1&md5=ab8e6012375d74c95039395b7a79f0da)
. They are filed with the US Securities and Exchange Commission (Form 20-F for
the Annual Report and Form 6-K for the Sustainability Report).

Credit Suisse AG, a company of UBS Group AG, also published its Annual Report
2023, which includes audited financial statements for the year ending 31
December 2023. The report can be found at
www.credit-suisse.com/about-us/en/reports-research/annual-reports.html
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.credit-suisse.com%2Fabout-us%2Fen%2Freports-research%2Fannual-reports.html&esheet=53916144&newsitemid=20240327540801&lan=en-US&anchor=www.credit-suisse.com%2Fabout-us%2Fen%2Freports-research%2Fannual-reports.html&index=2&md5=e67ac3b2c09e60760d43947890f05073)
.

UBS Group AG and UBS AG 

Investor contact

Switzerland: +41-44-234 41 00

Americas: +1 212 882 57 34



Media contact

Switzerland: +41-44-234 85 00

UK: +44-207-567 47 14

Americas: +1-212-882 58 58

APAC: +852-297-1 82 00

www.ubs.com/media
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ubs.com%2Fglobal%2Fen%2Fmedia.html&esheet=53916144&newsitemid=20240327540801&lan=en-US&anchor=www.ubs.com%2Fmedia&index=3&md5=61e1c6cce333d34d28796bad5f29ba1f)



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