VZ Holding Ltd

VZN

Equity

ISIN CH0528751586 / Valor 52875158

SIX Swiss Exchange (2025-03-17)

CHF 159.40%

VZ Holding Ltd
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

VZ Holding Ltd, operating under the brand VZ VermögensZentrum, is a Swiss financial services company that specializes in providing advisory services in wealth management, financial planning, and insurance. The company caters to both individual and corporate clients, offering expertise in areas such as investment management, retirement planning, and tax optimization. VZ Holding Ltd is known for its comprehensive approach to financial advisory, integrating various aspects of personal finance to help clients achieve their financial goals. The firm also provides guidance on living and working in Switzerland, addressing topics like taxation and pension schemes, which is particularly beneficial for international specialists and management staff. With a focus on delivering tailored financial solutions, VZ Holding Ltd has established itself as a prominent player in the Swiss financial services sector.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the 2023 financial year, VZ Holding Ltd reported a significant increase in operating revenues, which rose from CHF 403.9 million in 2022 to CHF 463.8 million. This represents a growth of 14.8 percent, driven primarily by higher fees from assets under management and an extraordinary increase in banking income due to rising interest rates.

Profit Increase

VZ Holding Ltd's net profit for 2023 saw a substantial rise, reaching CHF 187.0 million compared to CHF 151.4 million in the previous year. This 23.5 percent increase in profit highlights the company's strong financial performance amidst a challenging market environment.

Dividend Proposal

The Board of Directors of VZ Holding Ltd has proposed an increase in the dividend from CHF 1.74 to CHF 2.24 per share for the 2023 financial year. This proposal reflects a planned increase in the payout ratio from 46 percent to 48 percent, demonstrating the company's commitment to returning value to its shareholders.

Balance Sheet Strength

As of December 31, 2023, VZ Holding Ltd's balance sheet total rose to CHF 6.5 billion, up from CHF 5.9 billion at the end of 2022. This increase is mainly attributed to the growth in client deposits, and the company maintains a strong capital position with a core capital ratio (CET1) of 26.2 percent, well above the industry average.

Outlook for 2024

Looking ahead to 2024, VZ Holding Ltd anticipates that revenue and profit growth will align with the long-term average, assuming stable financial markets. The company plans to continue expanding its consulting capacity to meet rising demand, with expectations of stronger growth in the first half of the year due to base effects.

Summarized from source with an LLMView Source

Key figures

43.9%1Y

93.0%3Y

199%5Y

Performance

16.9%1Y

21.0%3Y

24.7%5Y

Volatility