Van Lanschot Kempen tracks worst day in 41 mths on total income miss

Van Lanschot Kempen NV

24/08/2023 08:35

** Shares in Dutch investment manager Van Lanschot Kempen
 VLAN.AS  slump 8.6% as the company's total income in the first
half of the year fell short of analysts' expectations
    ** The Netherlands-based firm reported a little over 315
million euros ($341.87 million) in total income over the past
six months, adding both revenues from commissions and interest,
below the forecasted 338 million euros according to a consensus
cited by ING
    ** The Dutch broker nonetheless outlines Van Lanschot
Kempen's strong performance on its private banking segments and
sees cost control measures eventually yielding benefits
    ** "Overall good results where it matters, vs the bottom
line miss" - ING
    ** Shares on track for their worst day in 41 months
($1 = 0.9214 euros)

 (Reporting by Victor Goury-Laffont)
 ((Victor.goury-laffont@tr.com))