VZ Holding Ltd

Latest Results (24.12.2024):

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.