EQS Group-Ad-hoc: Bellevue Group AG / Key word(s): Preliminary Results/Half Year Results Ad hoc announcement pursuant to Art. 53 of the SWX Listing Rules Küsnacht, May 19, 2021 Results for the first half of 2021 Bellevue Group will expect to report higher half-year profits - material increase in average assets under management
Based on its operating results year to date, Bellevue Group expects to report a significant increase in its profits for the first half of 2021. Assets under management have grown thanks to a solid investment performance and persisting strong demand from investors for specialized investment strategies, especially for the healthcare sector. Thanks to the much higher average level of assets under management, the Group's operating performance as a pure asset manager has improved once again year-on-year. Consolidated net profit for the first half will tentatively exceed the CHF 20 million mark. Reported Group net profit for the first half of 2020 amounted to CHF 5.5 mn and was diminished by valuation adjustments and provisions in the amount of CHF 7.0 mn as well as a net loss of CHF 0.7 mn from the divested Bank am Bellevue. Bellevue Group reported a net profit of CHF 22.3 mn for FY 2020. Detailed results for the first half of 2021 will be published on July 29, 2021.
Investor Relations: Michael Hutter, CFO Bellevue Group
End of ad hoc announcement |
Language: | English |
Company: | Bellevue Group AG |
Seestrasse 16 | |
8700 Küsnacht | |
Switzerland | |
Phone: | +41 44 267 67 00 |
Fax: | +41 44 267 67 01 |
E-mail: | info@bellevue.ch |
Internet: | www.bellevue.ch |
ISIN: | CH0028422100 |
Valor: | A0LG3Z |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1198020 |
End of Announcement | EQS Group News Service |
1198020 19-May-2021 CET/CEST