Vontobel confirms targets as H1 net profit drops

Vontobel Holding AG

27/07/2023 06:08

ZURICH, July 27 (Reuters) - Swiss wealth and asset
manager Vontobel  VONN.S  on Thursday reiterated 2024 mid-term
targets despite a market environment it described as
challenging, and as half-year net profit dropped 15.7%.
    The Zurich-based group posted a fall in first-half net
profit to 127.6 million Swiss francs ($148.41 million), down
from 151.4 million francs in the prior-year period.
    "At Vontobel, we are steering a steady course through this
challenging environment," outgoing CEO Zeno Staub said in a
statement.

($1 = 0.8598 Swiss francs)

 (Reporting by Brenna Hughes Neghaiwi, Editing by Rachel More)
 ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;))