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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  VP Bank AG    VPBN   LI0315487269

VP BANK AG (VPBN)
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VP Bank Ladies Open: The highlight of the golfing scene in German-speaking Switzerland

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04/26/2018 | 01:49pm CET

From 4 to 6 May 2018, the Verband Schweizerischer Sportartikellieferanten (Association of Swiss Sporting Goods Suppliers) will be holding the fifth edition of this professional golf tournament for women on the Gams-Werdenberg golf course. VP Bank took over the patronage of this high-profile tournament in 2017, also becoming its title sponsor. This close collaboration with an international tournament in the local region will significantly increase our perception both as a first-class banking institution and as a reliable partner. Alongside existing partnerships with the Gams-Werdenberg golf club and the Golf Club Bad Ragaz, with this golfing commitment, VP Bank has established a strong positioning within the golfing world. «Through our involvement as the primary sponsor, we are bringing a high-quality golf tournament to our home region, where young talent can grow and professional golf players can compete on an international stage,» explains Christoph Mauchle, member of Group Executive Management of VP Bank Group, on the reasoning behind this partnership.

Since its debut, the VP Bank Ladies Open at the Gams-Werdenberg golf club has been one of the most popular tournaments of the Ladies European Tour Access Series (LETAS), offering prize money of EUR 40,000. From the very beginning, the tournament has received positive feedback from players and tour operators alike. Melanie Mätzler, tournament ambassador and LETAS player, explains why: «The organisation is second to none, the course varied and the field of participants strong. This is all greatly appreciated by the professionals, who hail from over 25 different countries.»
After the long winter break, the VP Bank Ladies Open is an important test of form. As a result, starting places, which were increased to 132 in 2018, are in high demand. Last year's winner, Finn Linda Henriksson, who delivered a nerve-wracking play-off against Russian Nina Pegova in 2017, will also be teeing off this year.

For more information about the VP Bank Ladies Open, visit www.spaf-golf.ch.

Disclaimer

VP Bank AG published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 11:48:15 UTC

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Financials (CHF)
Sales 2018 310 M
EBIT 2018 71,9 M
Net income 2018 67,5 M
Debt 2018 -
Yield 2018 4,14%
P/E ratio 2018 12,50
P/E ratio 2019 11,25
Capi. / Sales 2018 2,72x
Capi. / Sales 2019 2,57x
Capitalization 843 M
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Number of Analysts 3
Average target price 187  CHF
Spread / Average Target 34%
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Alfred W. Moeckli Chief Executive Officer
Fredy Vogt Chairman
Urs Monstein Chief Operating Officer
Siegbert Näscher Chief Financial Officer
Andreas Benz Head-Group Information Technology
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