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Rothschild & Co: 2020 – 3rd quarter release

Continuing resilient revenue performance in difficult market conditions

  • Global Advisory: revenue for the third quarter of €261.9 million, up 18% (Q3 2019: €221.3 million) and revenue for the nine months to September up 3% at €791.3 million (9m 2019: €766.1 million), reflecting resilient performance in our M&A business and increased demand from clients for advice on financing matters
  • Wealth & Asset Management: revenue for the third quarter of €117.1 million, down 5% (Q3 2019: €123.4 million) and revenue for the nine months to September up 2% at €369.3 million (9m 2019: €362.6 million). Continuing strong Net New Assets (NNA) in Wealth Management
  • Merchant Banking: revenue for the third quarter of €26.7 million, down 12% (Q3 2019: €30.3 million) and revenue for the nine months to September down 43% at €79.5 million (9m 2019: €140.7 million) due to limited increase in investment valuations in 2020, although strong increase in recurring revenue as a result of robust Asset under management (AuM) growth
  • Group Revenue for the third quarter of €403.7 million, up 6% (Q3 2019: €381.3 million) and revenue for the nine months to September down 3% at €1,241.5 million (9m 2019: €1,278.8 million)
  • 9 months revenue impacted negatively by currency translation effects of €2 million

- ENDS -

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