Brief: Vontobel's FY Net Profit Down 7% At CHF 214.7 Mln

Vontobel Holding AG

08/02/2024 05:56

Feb 8 (Reuters) - Vontobel Holding AG  VONN.S :
    * REPORTS FULL YEAR 2023 NET PROFIT OF CHF 214.7 MILLION
    * FY ASSETS UNDER MANAGEMENT STABLE AT CHF 206.8 BILLION
    * IS PURSUING AN ADDITIONAL INITIATIVE TO REDUCE OVERALL
COSTS BY
CHF 100 MILLION
    * ORGANIZING ITS THREE CLIENT UNITS - ASSET MANAGEMENT,
WEALTH
MANAGEMENT AND DIGITAL INVESTING - INTO TWO CLIENT SEGMENTS:
PRIVATE CLIENTS AND INSTITUTIONAL CLIENTS
    * BOARD OF DIRECTORS WILL PROPOSE AN UNCHANGED DIVIDEND OF
CHF
3.00 PER SHARE AT THE ANNUAL GENERAL MEETING ON APRIL 9, 2024
    * ACQUIRES MINORITY STAKE IN ANCALA
    * FY STRONG CAPITAL POSITION WITH CET1 OF 18.7 PERCENT
OFFERS
STRATEGIC FLEXIBILITY AND ALLOWS FOR CONSISTENT RETURNS TO
SHAREHOLDERS
    * FY OPERATING INCOME WAS CHF 1,305 MILLION, UP 2 PERCENT
DRIVEN
BY STRONGER REVENUES IN WEALTH MANAGEMENT
    * FY NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS WAS CHF 214.7
MILLION, DOWN 7 PERCENT YOY

Further company coverage:  VONN.S 

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