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 result rose 13% to EUR 142 million, with AUM up 17% to nearly EUR 150 billion, driven by strong inflows and market share gains. Cost-income ratio improved, and the CET1 ratio remains above target, supporting a higher dividend and capital return. Positive commercial momentum and investments in talent and technology underpin the outlook.
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Net profit rose 44% year-over-year to EUR 74.5 million, driven by strong commission income and robust AUM inflows across all segments. CET1 ratio remains above target at 18.5%, with continued momentum in both the Netherlands and Belgium and successful integration of recent acquisitions.
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Ambitious new targets include 10% annual AUM growth, a 67-70% cost-income ratio, and a dividend payout of 70-90% of net profit. The strategy leverages proprietary investment management, disciplined M&A, and technology-driven efficiency, with a strong focus on client relationships and sustainability.