Rothschild & Co: Q1 revenues up 7%
(CercleFinance.com) - Rothschild & Co has published total non-IFRS revenues of 684 million euros for Q1 2022, up 7% y-o-y.
Revenues grew by 5% in Global Advisory (E413.5m) and by 27% in Wealth and Asset Management (E170.1m). On the other hand, they fell by 8% in Merchant Banking (E95.5m) and by 2% in the other business lines and central functions.
The group said that its three business lines are performing strongly, despite increasing levels of uncertainty in the current macroeconomic environment. The clear long-term strategies of each business enable us to be optimistic about a solid performance during 2022, although this is subject to geopolitical events and changing market conditions over the year, it notes.
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Revenues grew by 5% in Global Advisory (E413.5m) and by 27% in Wealth and Asset Management (E170.1m). On the other hand, they fell by 8% in Merchant Banking (E95.5m) and by 2% in the other business lines and central functions.
The group said that its three business lines are performing strongly, despite increasing levels of uncertainty in the current macroeconomic environment. The clear long-term strategies of each business enable us to be optimistic about a solid performance during 2022, although this is subject to geopolitical events and changing market conditions over the year, it notes.
Copyright (c) 2022 CercleFinance.com. All rights reserved.