Rothschild & Co: net income reaches E233m
(CercleFinance.com) - On Tuesday evening Rothschild & Co.
announced 2019 revenues that are down 5% at 1,872 million euros, compared with 1,976 million euros in 2018 - which was a "record year".
Net income, group share excluding exceptional items amounted to 233 million euros (2018: 303 million euros). Net income attributable to the group, including exceptional items, amounted to 243 million euros, after 286 million euros in 2018.
EPS excluding exceptional items was 3.24 euros (2018: 4.10 euros), while EPS including exceptional items reached 3.38 euros (3.88 euros a year earlier).
"We are delighted to announce that an increase of 8% in our dividend will be proposed to shareholders at our AGM in May. This reflects our confidence in the fundamentals of our business model and our ability to deliver growth and good returns over the medium and long term. Recent market events, notably linked to the outbreak of coronavirus, are obviously increasing the level of uncertainty in the short term in the different markets in which we operate but it is too early to determine the impact on our activity levels and profitability," said Alexandre de Rothschild, executive chairman.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
announced 2019 revenues that are down 5% at 1,872 million euros, compared with 1,976 million euros in 2018 - which was a "record year".
Net income, group share excluding exceptional items amounted to 233 million euros (2018: 303 million euros). Net income attributable to the group, including exceptional items, amounted to 243 million euros, after 286 million euros in 2018.
EPS excluding exceptional items was 3.24 euros (2018: 4.10 euros), while EPS including exceptional items reached 3.38 euros (3.88 euros a year earlier).
"We are delighted to announce that an increase of 8% in our dividend will be proposed to shareholders at our AGM in May. This reflects our confidence in the fundamentals of our business model and our ability to deliver growth and good returns over the medium and long term. Recent market events, notably linked to the outbreak of coronavirus, are obviously increasing the level of uncertainty in the short term in the different markets in which we operate but it is too early to determine the impact on our activity levels and profitability," said Alexandre de Rothschild, executive chairman.
Copyright (c) 2020 CercleFinance.com. All rights reserved.