Brief: Van Lanschot Kempen NV FY Net Profit EUR 84.3 Mln

Van Lanschot Kempen NV

23/02/2023 06:38

Feb 23 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * FY NET PROFIT EUR 84.3 MLN (2021: EUR 143.8 MLN), DECLINE
PARTLY
RELATED TOONE-OFF CHARGE RELATED TO ACCELERATED ACQUISITION OF
REMAINING 30%-STAKE IN MERCIER VANDERLINDEN
    * COMMISSION INCOME AND INTEREST INCOME BOTH INCREASEDBY 6%
    * NET AUM INFLOWSAT PRIVATE CLIENTS: EUR 2.0 BLN; WHOLESALE
&
INSTITUTIONAL CLIENTS: EUR 11.6 BLN
    * CLIENT ASSETS: EUR 124.2 BILLION (2021: EUR 131.2 BILLION)
AND
AUM: EUR 107.8 BLN (2021: EUR 115.6 BLN)
    * STRONG CAPITAL RATIO OF 20.6% (2021: 23.7%), DECREASE
ATTRIBUTABLE TO HIGHER CAPITAL REQUIREMENTS FOR RESIDENTIAL
MORTGAGE LOANS AND A EUR 1.50 PER SHARE CAPITAL RETURN IN
DECEMBER 2022
    * 2022 DIVIDEND PROPOSED AT EUR 1.75 PER SHARE (2021: EUR
2.00 PER
SHARE)
    * INTENTION TO RETURN EXCESS CAPITAL OF EUR 2.00 PER SHARE
IN
SECOND HALF OF 2023,SUBJECT TO REGULATORY APPROVAL
    * FULL-YEAR NET PROFIT AMOUNTED TO EUR 84.3 MLN (2021: EUR
143.8
MLN). DECREASE CAN MAINLY BE EXPLAINED BY HIGH RESULTS ON
PARTICIPATING INTERESTS IN 2021 AND ONE-OFF CHARGES RELATED TO
ACQUISITION OF REMAINING 30% STAKE IN MERCIER VANDERLINDEN IN
2022.

Source text for Eikon:  ID:nGNE8P2zN3 
Further company coverage:  VLAN.AS 
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