August 4 (Reuters) – Rothschild & Co SCA ROTH.PA:
* H1 REVENUES: €1,375 MILLION, UP 2% (H1 2021: €1,350 MILLION)
* H1 NET INCOME – GROUP SHARE1: 249 MILLION EUROS, DOWN 28% (H1 2021: 346 MILLION EUROS)
* EARNINGS PER SHARE (EPS) IN H1: 3.43 EUROS, DOWN 28% (H1 2021: 4.78 EUROS) (PERIOD CORRECTED)
* OUTLOOK: WE EXPECT OUR THREE BUSINESSES TO CONTINUE TO POST SOLID PERFORMANCE IN 2022, ALTHOUGH BELOW 2021 LEVELS
* OUTLOOK: WE EXPECT A SLOWDOWN IN THE PIPELINE, WHICH SHOULD RESULT IN A LESS SIGNIFICANT LEVEL OF ACTIVITY AT THE BEGINNING OF 2023
* OUTLOOK: OUR RECENT ACQUISITIONS IN FRANCE AND SWITZERLAND, ADDED TO RAPIDLY RISE IN INTEREST RATES, SHOULD SUPPORT REVENUES OVER THE COMING MONTHS
* OUTLOOK: WE EXPECT A SLOWDOWN IN THE PIPELINE, WHICH SHOULD RESULT IN A LESS SIGNIFICANT LEVEL OF ACTIVITY AT THE BEGINNING OF 2023
* OUTLOOK: THE GROUP’S INVESTMENTS WILL CONTINUE TO CREATE VALUE AND GENERATE REVENUES LINKED TO THE PERFORMANCE OF INVESTMENTS, AT A LEVEL CLOSE TO THOSE GENERATED IN THE FIRST HALF OF 2022, ALTHOUGH LESS HIGH THAN THOSE REALIZED IN 2021 WHICH WE CONSIDER AS AN EXCEPTIONAL YEAR
* OUTLOOK: 2023 WILL PROBABLY BE A MORE COMPLICATED YEAR GIVEN THE MACROECONOMIC AND GEOPOLITICAL ENVIRONMENT
* RUSSIA-UKRAINE: OUR RUSSIAN OFFICE OPERATIONS HAVE BEEN SUSPENDED
* RUSSIA-UKRAINE: THE DIRECT IMPACT OF THE CURRENT CONFLICT IN UKRAINE ON THE GROUP IS LOW
* RUSSIA-UKRAINE: OUR EXPOSURES ARE LIMITED IN TERMS OF NUMBER OF CLIENTS, ASSETS UNDER MANAGEMENT, REVENUES, LOAN PORTFOLIO OR COLLATERAL HELD
* RUSSIA-UKRAINE: WE CONTINUE TO COMPLY FULLY WITH THE GROWING LIST OF SANCTIONS ARISING FROM THIS CONFLICT AND GROUP MANAGEMENT REGULARLY MONITOR DEVELOPMENTS IN THIS AREA
* RUSSIA-UKRAINE: OUR PROCEDURES FOR CONTACTING OUR CLIENTS TAKE FULL ACCOUNT OF THE INCREASED RISKS ASSOCIATED WITH THE REPRESENTATION OF CLIENTS WITH HIGH EXPOSURE TO THIS REGION AND PROVIDE FOR THE INVOLVEMENT OF MANAGEMENT IN THESE SITUATIONS WHEN NECESSARY
* A NEW “RESPONSIBLE INVESTMENT” ROADMAP HAS BEEN ADOPTED BY THE GROUP’S INVESTMENT BUSINESSES FOR THE 2022-2025 PERIOD
For more details, click on ROTH.PA
(Gdansk Newsroom)