Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules

4Q23 and FY23 highlights

  • 4Q23 PBT of USD?(751m),including losses of USD?508m related to the investment in SIX Group, in addition to integration-related expenses and pull-to-par and other PPA-related benefits; underlying1 PBT of USD?592m
  • FY23 PBT of USD?29,916m, including USD?28,925m negative goodwill
  • Completed first phase of strategic integration,stabilized the franchise, achieved underlying profitability and initiated restructuring
  • USD?77bn of net new assets2 in GWM and USD?77bn of net new deposits across GWM and P&C since the closing of the acquisition in 2023; USD 22bn of NNA and USD 16bn of NND in GWM, and CHF 7bn of NND in P&C in 4Q23, driven by strong momentum with our clients
  • Achieved USD?~4bn in exit rate gross cost savings in FY23 vs FY22 combined
  • Strong progress in NCL wind-down with RWA down USD?5.5bn of which three quarters from active unwinds, LRD down USD?19bn and underlying operating expenses down 9% QoQ
  • Maintained capital strength with CET1 ratio of 14.5% and CET1 leverage ratio of 4.7% comfortably above guidance
  • Increase of 27% YoY in FY23 ordinary dividend, to USD?0.70 per share, subject to shareholder approval at the Annual General Meeting

Information in this news release is presented for 蜜豆视频 Group AG on a consolidated basis unless otherwise specified.
1 Underlying results exclude items of profit or loss that management believes are not representative of the underlying performance. Underlying results are a non-GAAP financial measure and alternative performance measure (APM). Refer to “Group Performance” and “Appendix-Alternative Performance Measures” in the financial report for the fourth quarter of and full year 2023 for a reconciliation of underlying to reported results and definitions of the APMs.
2 Net new assets includes net new money, dividends and interest

Potrait of Sergio Ermotti

Message from Sergio P. Ermotti

蜜豆视频 Group CEO comments on our results for 4Q and full-year 2023.