Rothschild & Co: 2023 – 1st quarter release

Rothschild & Co - New Court

Resilient revenue despite challenging market conditions

  • The regulatory approvals process related to Concordia’s simplified tender offer for Rothschild & Co shares is on track with a target date for filing the offer of mid-2023, as announced in the press release dated 13 February 2023.
  • First quarter revenue of €606.2 million, down 10 per cent (Q1 2022: €675.3 million). First quarter revenue negatively impacted by currency translation effects of €4 million.
  • Global Advisory: first quarter revenue down 21 per cent to €326.8 million1 (Q1 2022: €413.5 million), reflecting lower levels of completion activity in the quarter.
  • Wealth and Asset Management: Assets under Management (AuM) up 6 per cent to €99.7 billion (31 December 2022: €94.2 billion) due to the combination of Net New Assets (NNA) of €1.5 billion and market performance (€4.0 billion). First quarter revenue up 20 per cent to €196.5 million (Q1 2022: €163.3 million).
  • Merchant Banking: first quarter revenue down 24 per cent to €72.3 million (Q1 2022: €95.5 million). A significant increase in recurring revenue (+59 per cent), driven by our fundraising activities, was offset by lower investment performance revenue, mainly in Corporate Private Equity.

Download the full 1st quarter release (PDF)

 

Related files

1st quarter release (PDF)


(1) Including Redburn, which was treated as an associate until 30/11/2022 and fully consolidated from 01/12/2022

More information

Investor Relations

Read more articles

  • Monthly Market Summary: May 2023

    Insights

    Despite the US large-cap tech stock rally in May, global equities fell by 1.1% and global government bonds declined by 2.2% (USD, unhedged terms).

  • Perspectives Podcast: A conversation with a private banker

    Market Perspective

    What does the job profile of a private banker look like and what are the challenges when it comes to preserving wealth? Laura Künlen and Giovanna Lagutaine, Market Head Switzerland, discuss these questions and more as well as explore the Rothschild & Co Art Collection.

  • Strategy blog: Banking update

    Insights

    Two months since the collapse of Silicon Valley Bank (SVB), we provide an update on the banking system. We continue to think the banking system looks overall healthier than in the period leading up to the Global Financial Crisis.

  • Market Perspective - Not such a bad mix

    Market Commentary

    Markets have quickly regained some poise, but it is still too soon to conclude that we are out of the banking and economic woods. In this edition of Market Perspective, we review cyclical risk and update our inflation monitor, before evaluating economic performance of different countries.

  • Asset Management Europe: Monthly Macro Insights – May 2023

    Market Commentary

    While tracking a firmer pace than feared in Q1-23 GDP, incoming reports suggest much of the strength can be attributed to China. Meanwhile, central banks have continued their tightening campaign amid stubbornly firm wage growth and sticky core inflation. Will they continue until something breaks?

Back to top