Switzerland · Delayed Price · Currency is CHF Banque Cantonale Vaudoise Earnings Call Transcripts
Fiscal Year 2025
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Net profit declined 2% to CHF 430 million, with stable revenues and a proposed unchanged dividend of CHF 4.40. Strong capital ratios, resilient business lines, and robust asset growth were reported, while management expects continued stability and moderate growth in the Swiss economy.
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Net profit reached CHF 250 million, down 3% year-over-year, with growth in all business lines and stable revenues despite lower interest income. Capital ratios improved, and risk from U.S. tariffs is seen as limited. Mortgage and real estate markets remain strong.
Fiscal Year 2024
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Mortgage business grew strongly, offsetting lower net interest income from rate cuts, while net profit fell 6% year-over-year but remained historically high. Dividend was raised to CHF 4.50 per share, and outlook is confident despite margin pressures and refinancing costs.
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H1 net profit fell 6–8% year-over-year but remains historically strong, driven by robust mortgage growth and resilient economic conditions. Outlook for 2024 is positive but expects slightly lower results than 2023, with stable margins and prudent risk management.