Rothschild & Co: Q1 revenues down 6%
(CercleFinance.com) - On Tuesday evening Rothschild & Co announced Q1 2020 revenues of 416.
4 million euros, down 6% y-o-y.
The group said that it had a strong start to 2020, although has been hit by the Covid-19 outbreak from March.
"Although there is still considerable uncertainty around how the current situation will develop and, hence, the degree to which this will impact our 2020 financial results, it is clear that the effect for the Group, will be materially detrimental compared to 2019. However, we remain focused on our strategy to increase revenue while maintaining a close control over costs, and we have the advantage of being able to manage a significant element of our cost base which is variable compensation," it said regarding its outlook.
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