Netherlands · Delayed Price · Currency is EUR Van Lanschot Kempen NV Earnings Call Transcripts
Fiscal Year 2025
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Delivered robust 2025 results with 11% net profit growth, 7% AUM increase, and strong commission income, supported by scalable growth, digitalization, and AI initiatives. Proposed EUR 3 dividend and EUR 0.80 capital return, maintaining a solid CET1 ratio.
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Strong net inflows drove AUM above EUR 150 billion despite negative market performance and lower interest income. Segment results were mixed, with Belgium and investment banking showing strong profit growth, while investment management faced outflows and margin pressure.
Fiscal Year 2024
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Net profit rose 13% to EUR 142 million, with AUM up 17% to nearly EUR 150 billion and strong inflows across all segments. Dividend and capital return proposals reflect robust capital, while cost discipline and digital investments support scalable growth.
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Net profit rose 44% to EUR 74.5 million, with strong AUM growth and all segments profitable. CET1 ratio remains above target, and robust inflows in both the Netherlands and Belgium support confidence in meeting 2027 targets.
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Ambitious targets include 10% annual AUM growth, a cost-income ratio of 67-70%, and a return on capital above 18% by 2027. The strategy focuses on scalable, capital-light growth, strong client relationships, and leveraging technology and talent, with increased dividends and a solid capital base.