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Bellevue Group will expect to report higher half-year profits - material increase in average assets under management

·2-min read

Bellevue Group AG / Key word(s): Preliminary Results/Half Year Results

19-May-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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.


Contact:
Media Relations: Jürg Stähelin, IRF
Telephone: +41 43 244 81 51, staehelin@irf-reputation.ch

Investor Relations: Michael Hutter, CFO Bellevue Group
Telephone: + 41 44 267 67 20, mhu@bellevue.ch


Bellevue Group
Bellevue Group is an independent Swiss financial boutique specializing in asset management. Established in 1993 and listed on the SIX Swiss Exchange, the standalone asset manager has about 100 employees and is focused on a diverse range of investment solutions in the three areas of specialized healthcare strategies, alternative investment strategies and traditional investment strategies.


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

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