Full-year results 2018: Vontobel increases profitability in 2018 and achieves growth
Media release
2/12/2019
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- Good 2018 result confirms that Vontobel is on the right track
- Investments in talents and technology prove effective
- IFRS net profit increased by 11% to CHF 232.2 million
- Adjusted for Notenstein La Roche integration costs, net profit grew by 14% to CHF 249.2 million
- Higher profitability is driven by clear client focus and increasing economies of scale as a result of continued growth
- Advised client assets of CHF 192.6 billion exceed the figure for the previous year
- CHF 5.0 billion of net new money was entrusted to Vontobel
- Adjusted for Notenstein La Roche, net new asset growth in Combined Wealth Management was 6.1%, exceeding own target range
- Asset Management was again the main earnings driver in 2018 and reported a good net inflow of new money
- Financial Products grew its market share in Switzerland and international markets
- CET1 capital ratio of 12.3% and Tier 1 capital ratio of 18.9% substantially exceed regulatory minimum requirements
- Vontobel to once again propose the distribution of an attractive dividend of CHF 2.10 per share
- Challenging environment expected in 2019
- Vontobel remains on course as it works towards its even more ambitious targets for 2020
- Investments in talents and digitalization are designed to enhance the client experience
