VZ Holding AG Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 13.9% and net profit rose 17.7% year-on-year in H1 2026, driven by strong client inflow, higher assets under management, and robust consulting demand. Outlook for H2 anticipates similar growth rates and stable margins, with continued expansion in consulting and digital services.
Fiscal Year 2025
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Revenue grew 9.9% year-over-year to CHF 277.9 million, with net profit up 9% to CHF 112 million, driven by strong consulting demand and AUM growth. Net interest income declined due to Swiss rate cuts, but digital and international expansion continued.
Fiscal Year 2024
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Revenue grew 12.8% and net profit rose 19.1% year-over-year, driven by strong client demand and market performance. AUM increased 16.4% to CHF 49.6 billion, while net interest income is expected to decline in H2 2024 due to SNB rate cuts, with overall growth guidance at around 10%.