Bellevue Group Reports CHF 9.2 Million Net Profit Amid Challenges

Bellevue Group AG announced a net profit of CHF 9.2 million for the year 2024, despite facing significant market-induced challenges. The company's assets under management decreased by 17% to CHF 5.8 billion due to underperformance in the healthcare sector, which is Bellevue's primary investment focus. This decline led to a shift in client assets to other sectors, resulting in a 40% year-on-year drop in net profit.

Operating income reached CHF 70.2 million, and operating expenses decreased by 8% to CHF 53.5 million. Bellevue maintained a shareholder-friendly stance with a proposed dividend of CHF 0.70 per share, representing a 6.2% yield.

Despite difficulties, Bellevue reported positive returns in specific strategies, such as the Bellevue Medtech & Services Lux Fund and Bellevue Digital Health Fund. The group also took measures to enhance efficiency by restructuring its organization and expanding in Asia.