Rothschild & Co: 2022 – 3rd quarter release

Solid revenue performance despite a more uncertain and difficult environment

  • Third quarter revenue of €864 million, up 30% (Q3 2021: €667 million), nine month revenue of €2,238 million, up 11% (9m 2021: €2,017 million). Nine months revenue has been positively impacted by currency translation effects of €54 million.
  • Global Advisory: third quarter revenue of €547 million, up 18% (Q3 2021: €464 million) and record nine-month revenue of €1,404 million, up 8% (9m 2021: €1,297 million), reflecting continued very strong levels of completion activity across our whole business.
  • Wealth and Asset Management: strong third quarter revenue of €164 million, up 9% (Q3 2021: €151 million) and nine-month revenue of €502 million, up 18% (9m 2021: €426 million), mainly driven by a sharp increase in net interest income and commissions. Assets under Management year to date (AuM) down 5% to €98.6 billion (31 December 2021: €103.9 billion). Negative market performance has been partially offset by positive Net New Assets (NNA) in Europe (€3 billion) and the recent acquisition in France (€3 billion).  
  • Merchant Banking: exceptional third quarter revenue of €146 million, up 207% (Q3 2021: €47 million), and record nine-month revenue of €333 million, up 18% (9m 2021: €282 million), as a result of strong investment performance revenue combined with steadily growing recurring revenue, driven by our successful fundraising initiatives in 2022. AuM up 26% to €23.0 billion (31 December 2021: €18.3 billion). 

- ENDS -

Download the full 3rd quarter release (PDF 222 KB)

More Information

Investor Relations

 


Read more articles

  • Strategy blog: The return of bank risk?

    Insights

    As focus shifts from the collapse of Silicon Valley Bank last week to the solvency Credit Suisse, central bank interventions have soothed fears of the contagion spreading. In this strategy blog our team analyses why our overall risk appetite remains unchanged.

  • Strategy blog: Banking stress containable

    Insights

    Idiosyncratic headwinds compounded by losses on its treasury and mortgage-backed security portfolio lead to the collapse of Silicon Valley Bank. Are there signs of contagion? In this Strategy blog, we analyse the situation around the collapse and consider further risks.

  • Asset Management Europe: Monthly Macro Insights - March 2023

    Market Commentary

    Despite cautious central bank communication about the policy outlook, particularly in view of the persistent strength of labour markets, investors were expecting rate cuts in the second half of 2023 amid a fall in global inflation. Yet, recent macroeconomic data has poured cold water on their quick disinflation sanguine view.

  • Perspectives: A Female Legacy

    Market Perspective

    This International Women's Day we open the door to the Rothschild Archive. In the latest episode Wealth Management Switzerland's Perspectives podcast, Laura Künlen and Melanie Aspey, Director of the Rothschild Archive, shed light on how the women of the Rothschild family shaped the early days of the business and how their legacy translates till today.

  • Strategy blog: The energy crisis - one year on

    Insights

    Lower commodity prices, including energy prices, are trickling down to consumers, affecting both sides of the Atlantic slightly differently. In this strategy blog, we examine how the energy crisis has abated a year after the outbreak of war in Ukraine and its impact.

  • Monthly Market Summary: February 2023

    Insights

    Capital markets experienced a difficult February, as renewed interest rate risk from further monetary tightening moved into focus. Both global equites and government bonds fell last month.

Back to top