Bellevue Group AG

Latest Results (08.11.2025):

Bellevue Group AG’s fiscal year 2024 results highlight a challenging market environment with notable declines in key performance metrics. In the fourth quarter of 2024, the company reported a 17% drop in assets under management to CHF 5.8 billion and a 40% decrease in group net profit to CHF 9.2 million. Despite these headwinds, Bellevue Group AG maintained a debt‐free balance sheet, proposed an attractive dividend of CHF 0.70 per share, and undertook strategic cost and product adjustments to strengthen its competitive positioning.

Asset Under Management Decline

The firm’s assets under management fell by 17% year-on-year, primarily due to client reallocations. Although there was a modest recovery at the beginning of 2025, the average AuM for 2024 was significantly lower, impacting asset management service income.

Net Profit and Operating Income

Operating income decreased partly due to lower fees associated with the reduced AuM base, while cost reductions and improved financial results helped mitigate the decline. Overall, consolidated net profit was down 40% compared to 2023, reflecting the difficult market conditions.

Dividend Proposal and Financial Stability

Despite the lower profit, Bellevue Group AG proposed a dividend of CHF 0.70 per share (a 6.2% yield), underscoring confidence in its financial resilience bolstered by a well-capitalized, debt-free balance sheet.

Strategic Initiatives and Market Outlook

The report noted several strategic initiatives, including a rationalized product landscape, the launch of complementary new products, and key personnel reshuffles. These moves, alongside the establishment of a sales subsidiary in Singapore and the relocation of its head office, set the stage for improved performance in 2025 despite ongoing market challenges in the healthcare sector.