euro adhoc: Bank Sarasin + Cie AG
Financial Figures/Balance Sheet
2006
results driven by growth strategy
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
13.03.2007
2006 results driven by growth strategy Assets under management climb to CHF 73.3 billion - Encouraging net new money inflows of CHF 4.2 billion - Substantial investments in growth strategy generate net profit of CHF 101 million - Adjusted net profit amounts to CHF 141 million
Basel, 13 March 2007
Bank Sarasin & Co. Ltd is systematically pursuing its growth strategy: assets under management increased by CHF 9.7 billion (+15%) to CHF 73.3 billion. Net new money comfortably exceeded the bank's own targets, coming to CHF 4.2 billion. The promising rise in assets under management puts the bank in an excellent position to achieve its targets for 2010. After adjustment for special factors relating to investments in the growth strategy, the adjusted net profit after tax amounts to CHF 141 million (+20%). The audited figure for net profit 2006 comes to CHF 101 million (2005: CHF 116 million).
end of announcement euro adhoc 13.03.2007 07:29:58
Further inquiry note:
Benedikt Gratzl
Corporate Communications
T.: +49(61)277 70 88
benedikt.gratzl@sarasin.ch
Branche: Banking
ISIN: CH0002267737
WKN: 872869
Index: SPI
Börsen: SWX Swiss Exchange / regulated dealing