Rothschild & Co: quarterly revenues up 6%
(CercleFinance.com) - On Tuesday evening Rothschild & Co announced a 6% increase in Q1 2019 revenues to 443.
9 million euros.
In detail, the financial consulting division saw its revenues increase 12% (to 292.5 million euros), while the private banking and asset management investment and venture capital and private debt reported respective falls of 1% (to 118.5 million euros) and -4% (to 24.1 million euros).
"Whilst 2018 was a very strong year, we anticipate 2019 to be more challenging due to the increased uncertainty surrounding the macro environment. We will continue to focus on our strategy of growing our three businesses and improving the synergies between them, while, in the event of a decline in market conditions," the group said regarding its outlook.
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9 million euros.
In detail, the financial consulting division saw its revenues increase 12% (to 292.5 million euros), while the private banking and asset management investment and venture capital and private debt reported respective falls of 1% (to 118.5 million euros) and -4% (to 24.1 million euros).
"Whilst 2018 was a very strong year, we anticipate 2019 to be more challenging due to the increased uncertainty surrounding the macro environment. We will continue to focus on our strategy of growing our three businesses and improving the synergies between them, while, in the event of a decline in market conditions," the group said regarding its outlook.
Copyright (c) 2019 CercleFinance.com. All rights reserved.