Rothschild & Co: 2018 – 3rd quarter release
Strong first nine months to September with a very satisfactory third quarter
- Global Advisory: record nine months revenue, up 14% to €932 million (9 months to September 2017: €820 million) driven by strong M&A performance. Third quarter up 11% to €296 million (Q3 2017: €267 million)
- Wealth & Asset Management: nine months revenue up 4% to €391 million (9 months to September 2017: €375 million). Third quarter up 7% to €130 million (Q3 2017: €121 million)
- Merchant Banking: nine months revenue up 10% to €128 million (9 months to September 2017: €117 million) and 32% when compared to the average nine months revenue for the previous three years. Third quarter revenue down 54% to €23 million (Q3 2017: €50 million) due to a particularly strong Q3 2017 which saw significant value accretion
- Nine months revenue for 2018 was negatively impacted by currency translation effects of €29 million
- ENDS -
Download the full 3rd quarter release (PDF 299 KB)