Bellevue Group AG / Key word(s): Preliminary Results/Half Year Results
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.
Investor Relations: Michael Hutter, CFO Bellevue Group
End of ad hoc announcement
Bellevue Group AG
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