Ad-hoc | 25 January 2017 17:40
Bellevue Group with operating profit of CHF 14.4 million – break-even pre-tax profit despite e.o. impairments and write-downs
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Bellevue Group AG / Key word(s): Profit Warning
Media Release Küsnacht, January 25, 2017
Bellevue Group with operating profit of CHF 14.4 million –
The Board of Directors and the Group Executive Board of Bellevue Group decided today to issue an ad hoc announcement for the company’s shareholders, clients and employees. Based on the preliminary consolidated results, group profit before tax for the 2016 fiscal year is expected to amount to almost CHF 1 million. As per June 30, 2016, Bellevue Group reported a consolidated operating profit of CHF 6.8 million for the first half of 2016. Due to a stronger second half the operating profit for the full year increased to CHF 14.4 million. Assets under management reached a new high of approximately CHF 7.9 billion, driven by net new money inflows of CHF 2.8 billion. The Board of Directors will propose a cash distribution of CHF 1.00 per share from capital contribution reserves to the general meeting of shareholders on March 21, 2017.
The annual report for 2016 will be published on February 28, 2017.
Contact:
Media / Investor Relations: Daniel Koller, CFO
Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=KQEKQTGPLF Document title: Media release 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 |
| End of Announcement | EQS Group News Service |