Half-year results 2019: A respectable result due to growth and strong profitability
Media release
7/25/2019
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1
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- Generation of stable net profit of CHF 131.1 million
- Growth in advised client assets to CHF 212.9 billion
- Strong growth in net new money in Asset Management of 9.6%
- Asset Management is main earnings driver with pre-tax profit of CHF 86.0 million
- High profitability in Combined Wealth Management; 27% increase in pre-tax profit to CHF 71.4 million
- Advised client assets in Combined Wealth Management reach new record level at CHF 73.6 billion
- Integration of Notenstein La Roche largely completed
- Financial Products defends market share in difficult markets
- Ambitious 2020 growth and profitability targets confirmed
- Continued investments in strategic projects while simultaneously ensuring differentiated cost management approach
