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

  • The next mood shift

    Market Perspective

    Despite geopolitical tensions and shifting expectations of interest rate cuts, financial markets have been remarkably resilient. In this Market Perspective, we discuss the 'higher for longer' monetary policy and assess the importance of mounting US government debt.

  • Understanding sustainability risks and opportunities

    Insights

    Investing is not just about choosing companies that we expect to achieve success in the short term. It’s important to find businesses which can adapt to a changing world and are part of shaping the future. In this article we explore the risks and opportunities they face.

  • Should I form a trust?

    Insights

    Trusts can be an effective way to provide for your family while retaining control, but you must balance the advantages against the administrative and financial costs. In this article we examine the pros and cons of setting up a trust, and potential pitfalls to avoid.

  • The defence debate

    Strategy Blog

    The events of the last couple of years have dramatically increased the geopolitical temperature, shifting the political discourse in favour of security. In this blog we examine the evolving nature of defence and military equipment, and what it could mean for investors.

  • The last mile

    Perspectives podcast

    The Swiss National Bank's decision to reduce interest rates came as a surprise to the market. Join our Global Investment Strategists to decode central banks' moves, unravel oil market dynamics, and track gold and bitcoin prices.

  • A rebound in corporate earnings?

    Strategy Blog

    Earnings growth is rising in the United States, suggesting the market could have passed a turning point. Ahead of the release of first quarter earnings figures, we consider what this means for investors and examine how earnings expectations can be fallible.

Back to top