EQS-Adhoc: Bellevue Group with operating profit of CHF 14.4 million - break-even pre-tax profit despite e.o. impairments and write-downs
EQS Group-Ad-hoc: Bellevue Group AG / Key word(s): Profit Warning
Bellevue Group with operating profit of CHF 14.4 million - break-even pre-tax
profit despite e.o. impairments and write-downs
25-Jan-2017 / 17:40 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Media Release
Küsnacht, January 25, 2017
Bellevue Group with operating profit of CHF 14.4 million -
break-even pre-tax profit despite e.o. impairments and write-downs
Expected operating profit of CHF 14.4 million and provisional pre-tax profit of
almost CHF 1 millionDiversified revenue base enables pre-tax profit despite
extraordinary impairments and write-down of goodwill and other intangible assets
at Bank am BellevueProposed cash distribution of CHF 1.00 per share from capital
contribution reserves
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
Telephone +41 44 267 67 00, Fax +41 44 267 67 01, ir@bellevue.ch
Additional features:
Document:http://n.eqs.com/c/fncls.ssp?u=KQEKQTGPLF
Document title: Media release
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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
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539097 25-Jan-2017 CET/CEST