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23.01.2018 – 18:22

Bellevue Group AG

EQS-Adhoc: Bellevue Group posts expected operating profit of about CHF 29 million, expected net profit after tax is about CHF 21 million.


EQS Group-Ad-hoc: Bellevue Group AG / Key word(s): Profit Warning
Bellevue Group posts expected operating profit of about CHF 29 million, expected
net profit after tax is about CHF 21 million.

23-Jan-2018 / 18:16 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Media Release

Küsnacht, January 23, 2018

Bellevue Group posts expected operating profit of about CHF 29 million, expected
net profit after tax is about CHF 21 million.
Expected operating profit of about CHF 29 million and expected after-tax profit
of about CHF 21 millionProposed cash distribution of CHF 1.10 per share from
capital contribution reserves

The Board of Directors and the Group Executive Board of Bellevue Group decided
today to issue an ad hoc announcement for the company's shareholders, clients
and employees.

Based on the preliminary consolidated results, the expected group profit after
tax for the 2017 fiscal year is about CHF 21 million. As per June 30, 2017,
Bellevue Group reported an operating profit of CHF 11.7 million for the first
half of 2017. The increased earnings power in the second half resulted in an
expected operating profit of about CHF 29 million for the full fiscal year.

Positive momentum in the growth of assets under management was maintained.
Thanks to a pleasant organic new money inflow of CHF 1.2 billion (excl. effects
due to restructuring), assets under management rose to a new record high of over
CHF 12 billion.

The Board of Directors will propose a cash distribution of CHF 1.10 per share
from capital contribution reserves at the general meeting of shareholders on
March 20, 2018.

The annual report for 2017 will be published on February 27, 2018.
 

Contact:

Media / Investor Relations:Daniel Koller, CFO
Telephone +41 44 267 67 00, Fax +41 44 267 67 01, ir@bellevue.ch

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=MFNLWBBSMA
Document title: Media release
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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Bellevue Group AG

          Seestraße 16

          8700 Küsnacht

          Switzerland

Phone:    +41 44 267 67 00

Fax:      +41 44 267 67 01

E-mail:info@bellevue.ch

Internet: www.bellevue.ch

ISIN:     CH0028422100

Valor:    A0LG3Z

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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647921  23-Jan-2018 CET/CEST