Bellevue Group with net profit of CHF 8 million for the first half of 2012

7/6/2012, 5:40 PM (Source: GlobeNewswire)

Bellevue Group AG / Bellevue Group with net profit of CHF 8 million for the first half of 2012 . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.


Küsnacht, July 6, 2012

Bellevue Group with net profit of CHF 8 million for the first half
of 2012

-    Expected Group net profit of about CHF 8 million

-    Positive operating result at Bank am Bellevue and Bellevue Asset Management

-    No further need for extraordinary write-downs and impairments as in previous year

The Board of Directors and the Group Executive Board of Bellevue Group today decided to issue an ad hoc announcement for the company's shareholders, clients and employees.

According to preliminary consolidated results, Bellevue Group is expecting its after-tax profits for the first half of 2012 to amount to approximately CHF 8 million. In the corresponding period for last year Bellevue Group reported extraordinary write-downs and impairments of CHF 48 million. Based on the latest assessment of future earnings, there is no need for further write-downs or impairments at the current time. The first half results for the current year will therefore deviate significantly from the equivalent period last-year.

Bellevue Group will publish its first half results on July 27, 2012.


Media / Investor Relations: Daniel Koller, CFO

Telephone +41 44 267 67 00, Fax +41 44 267 67 01,

Bellevue Group

The Bellevue Group is an independent Swiss financial group domiciled in Küsnacht. The parent company Bellevue Group AG is listed on the SIX Swiss Exchange.

Bank am Bellevue is a provider of research and brokerage services in Swiss equities and selected international stocks as well as corporate finance services.

Bellevue Asset Management manages specialized equity investment vehicles focused on selected sector and regional strategies and provides selected institutional asset management services.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Bellevue Group AG via Thomson Reuters ONE


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Bellevue Group AG
Seestrasse 16; Postfach Küsnacht/Zürich Switzerland

WKN: A0LG3Z;ISIN: CH0028422100;

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