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Bellevue Group breaks even, bottom-line result of CHF 0.2 mn – significant upside potential in healthcare sector – further improvement in performance
Bellevue Group breaks even, bottom-line result of CHF 0.2 mn – significant upside potential in healthcare sector – further improvement in
About this update from Bellevue Group Ag
[{"type":"text","content":"\nBellevue Group AG / Key word(s): Half Year Results\n\nBellevue Group breaks even, bottom-line result of CHF 0.2 mn – significant upside potential in healthcare sector – further improvement in performance \n24-Jul-2025 / 07:00 CET/CEST\n\nRelease of an ad hoc announcement pursuant to Art. 53 LR\n\nThe issuer is solely responsible for the content of this announcement.Ad hoc announcement pursuant to Art. 53 of the SWX Listing Rules\n\nZurich, July 24, 2025 Half-year results for 2025Bellevue Group breaks even, bottom-line result of CHF 0.2 mn – significant upside potential in healthcare sector – further improvement in performanceThe historically low valuation of the healthcare sector, combined with significant dollar weakness, is impacting investment performance and the asset base, which declined by 16% to CHF 4.8 bn in the first halfOperating income declined 23% to CHF 27 mn due to lower asset base and unrealized market-driven losses on financial investmentsOperating expenses were reduced by 11% year-on-year thanks to lower personnel expenses – full effect of the initiated cost-cutting and optimization measures expected in 2026Further improvements in investment performance thanks to optimization of portfolio management operations – healthcare sector with promising rebound potentialManagement buy-out of adbodmer subsidiary under consideration as part of efforts to sharpen the business profile and adapt to new market realitiesVeit de Maddalena, Executive Chairman of the Board of Directors of Bellevue Group, on the first-half 2025 results: “Bellevue Group was confronted with very challenging market conditions during the first half of the current year. Valuations in the healthcare sector, a vital sector for us, have fallen to historical lows and healthcare continues to lag far behind the global market in terms of performance. The ongoing geopolitical uncertainties and the resulting pronounced weakness of the US dollar further weighed on Bellevue’s performance. During the period under review we maintained our efforts to adapt Bellevue Group to changing market realities and to restore profitability, while ensuring that Bellevue is well-positioned for a sustained market recovery. We strongly believe that the healthcare sector today offers very enticing entry points and is poised for an upswing. Thanks to the ongoing optimization of...