• Net profit decreased by 37% for 2019 • Operating expenses were up by 14% due to one-offs • AuM rose by 12% in 2019, but net new money inflows were up only 2.8% • Shift announced from an asset gathering strategy to a sustainable profit growth strategy
03 Feb 2020
Disappointing FY2019 figures, targets partly downgraded
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Disappointing FY2019 figures, targets partly downgraded
• Net profit decreased by 37% for 2019 • Operating expenses were up by 14% due to one-offs • AuM rose by 12% in 2019, but net new money inflows were up only 2.8% • Shift announced from an asset gathering strategy to a sustainable profit growth strategy