Bellevue Group Reports CHF 7.4 mn Profit Amid Market Stabilization

Bellevue Group AG has announced a net profit of CHF 7.4 million for the first half of 2024. Assets under management stabilized at CHF 6.7 billion due to a modest rebound in the market, particularly within the healthcare sector.

Despite a 21% year-on-year decline in average assets under management, operating profit fell only 12% to CHF 36.4 million, attributed to higher financial income. The firm also reduced operating expenses by 11%, thanks in part to its entrepreneurial compensation model. However, consolidated net profit declined by 7% compared to the prior-year period.

Newly launched funds like Bellevue AI Health and Bellevue Obesity Solutions showed strong performance, contributing to growing investor interest. The company also strengthened its executive management by appointing Fabian Stäbler as Chief Operating Officer.