VONTOBEL HOLDING AG-REG 27/07/2023:
In the first half of 2023, Vontobel delivered a robust financial performance after a challenging second half of 2022. The gross margin in Wealth Management also improved by 12 basis points year on year, reaching 82 basis points. The operating income for Wealth Management rose from CHF 320.2 million to CHF 394.0 million. Digital Investing operating income showed significant growth. The total operating income for the group reached CHF 696.1 million, and the net profit was CHF 127.6 million. Vontobel also reported an overall net new money growth of -0.9 percent, but on an adjusted basis, it was positive at +0.9 percent. The total assets under management grew by 4 percent to CHF 211.9 billion compared to the end of 2022. The company has been focused on realizing a targeted reduction in the cost base of CHF 65 million.
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VONTOBEL HOLDING AG, July 27th 2023
Date de publication :27/07/2023