Brief: VZ Holding: H1 Operating Revenues Up By 11.8%

VZ Holding AG

12/08/2022 05:36

Aug 12 (Reuters) - VZ HOLDING AG  VZN.S :
    * DESPITE UNFAVOURABLE ENVIRONMENT, VZ GROUP INCREASED ITS
OPERATING REVENUES BY 11.8 PERCENT COMPARED TO FIRST HALF OF
YEAR
    * H1 PROFIT GREW BY 12.6 PERCENT TO 77 MILLION SWISS FRANCS
    * H1 OPERATING REVENUES INCREASE BY 12 PERCENT
    * COMPARED TO FIRST HALF OF 2021, OPERATING REVENUES
INCREASED BY
11.8 PERCENT FROM 187.8 TO 210 MILLION FRANCS
    * MORE THAN 4000 CLIENTS OPTED FOR VZ GROUP'S MANAGEMENT
SERVICES
FOLLOWING A CONSULTATION IN FIRST HALF OF YEAR
    * AT 2.5 BILLION FRANCS, NET NEW MONEY CAME IN AT A SIMILAR
LEVEL
AS IN FIRST HALF OF 2021
    * SINCE END OF 2021, BALANCE SHEET TOTAL HAS GROWN BY 255
MILLION
TO 6 BILLION FRANCS
    * OUTLOOK: FOR ENTIRE BUSINESS YEAR 2022, WE THEREFORE
FORECAST
ONLY SLIGHTLY HIGHER PROFIT THAN IN 2021
    * OUTLOOK: WE EXPECT DEMAND FOR CONSULTANCY TO REMAIN STRONG
IN
SECOND HALF OF YEAR

Source text for Eikon:  ID:nEQ8Qm2SDa 
Further company coverage:  VZN.S 

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