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 -

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