Vontobel delivers good 2019 result
Media release
2/12/2020
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1
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- IFRS net profit increases by 14% to CHF 265.1 million
- Adjusted for one-off exceptional items, net profit grows 4% to CHF 258.9 million compared to 2018
- Higher profitability achieved through client focus and investment expertise, as well as rising economies of scale
- Return on equity of 14.2% exceeds mid-term target
- Advised client assets total CHF 226.1 billion, up 17% compared to 2018
- Net new money growth of 6.9% exceeds target range
- Clients entrust Vontobel with CHF 11.7 billion of net new money
- Asset Management is growth engine once again; advised assets rise by 17%
- Combined Wealth Management delivers 21% increase in pre-tax profit to CHF 147.4 million
- Financial Products defends market share
- Vontobel proposes 7% increase in dividend to CHF 2.25 per share
- CET1 capital ratio increases from 12.3% to 13.5% and BIS Total Capital Ratio rises from 18.9% to 19.9%
- Positioned for future growth with focus on pure investment management
- Vontobel confirms 2020 targets; new capital market targets to be communicated in July
