Bellevue Group AG

Latest Results (14.08.2024):

Assets Under Management

Bellevue Group AG reported a significant reduction in assets under management (AuM) for the fiscal year 2023. The AuM decreased from CHF 9.4 billion in 2022 to CHF 6.9 billion in 2023, marking a 26% decline. This reduction was attributed to negative absolute investment performance and client reallocations.

Operating Income

For the fiscal year 2023, Bellevue Group AG's total operating income amounted to CHF 81.9 million, which is a 15% decrease from the previous year's CHF 95.9 million. The decline in operating income was primarily due to a drop in revenues from management fees, although it was partially offset by an improved net financial investment result and performance fees from the private market business.

Net Profit

Bellevue Group AG's group net profit for 2023 was CHF 15.2 million, representing a 40% decrease compared to the CHF 25.3 million reported in 2022. The decline in net profit reflects the challenging market conditions and the impact of reduced assets under management on revenue.

Cost Management

Despite the challenging market environment, Bellevue Group AG managed to reduce its operating expenses by nearly 5% year-on-year, bringing them down to CHF 58.2 million in 2023. This reduction was achieved despite continued investments in people and infrastructure, aided by the company's performance-linked compensation model.

Dividend Proposal

In light of the financial results for 2023, Bellevue Group AG has proposed an attractive dividend of CHF 1.15 per share, which corresponds to a dividend yield of 4.7%. This proposal reflects the company's commitment to providing value to its shareholders despite the challenging market conditions.