Bellevue Group Predicts Decline in 2024 Net Profit

Bellevue Group AG has announced a significant decrease in its projected net profit for 2024 compared to the previous year. The financial setback is attributed primarily to a stagnant market for small- and mid-cap growth stocks in the healthcare segment, which hasn't shown a substantive recovery. Bellevue, known for its expertise in this area, faces an 18% reduction in assets under management year-on-year, leading to lower earnings.

Additionally, workforce changes, organizational restructuring, and relocation to Zurich have further impacted financial results. As a consequence, Bellevue anticipates a 50-55% drop in net profit compared to 2023. Despite the challenges, the company maintains a strong equity-funded balance sheet, providing stability amidst these financial pressures. Detailed audited financial results will be available on February 25, 2025.