02.12.2024 19:30:14
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Bellevue expects significantly lower Group net profit compared to prior year
Bellevue Group AG / Key word(s): Annual Results Ad hoc announcement pursuant to Art. 53 of the SWX Listing Rules Zurich, December 2, 2024 Bellevue expects significantly lower Group net profit compared to prior year
Based on the currently available internal figures, Bellevue Group expects a significantly lower Group net profit compared to 2023. Once again, there was no broad upturn yet in small- and mid-cap growth stocks within the healthcare sector – Bellevue’s acknowledged core investment expertise – although initial signs of a recovery were observed. The 18% year-on-year decline in average assets under management leads to lower earnings. Thanks to active cost management, a lasting reduction in operating expenses was achieved. However, Group results for the year will also be pressured by workforce changes and organizational optimization and by the move back to Bellevue’s founding location in the city of Zurich. Consequently, Group net profit for 2024 is expected to be 50-55% lower compared to 2023. Bellevue continues to operate with a strong, equity-funded balance sheet. The audited annual results for the 2024 financial year will be published on February 25, 2025. Investor Relations: Stefano Montalbano, CFO Bellevue Group Media Relations: Jürg Stähelin, IRF
Bellevue End of Inside Information |
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: | 2042663 |
End of Announcement | EQS News Service |
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2042663 02-Dec-2024 CET/CEST
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