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Van Lanschot Kempen: net profit of over €83 million and capital return proposal

Van Lanschot Kempen released its 2019 half-year results on 27 August.

Karl Guha, Chairman, said: “Our net result for the first half is significantly up on the year-earlier total and reflects book profits on the sale of our holdings in AIO II (€36.0 million net) and VLC & Partners (€16.1 million net). Ignoring the results of these holdings, our net profit is in line with last year. Our capital ratio increased further to 22.7% and our ample capital position enables us to propose a capital return to our shareholders in the amount of €1.50 per share."

In short: 

  • Net profit moved significantly ahead of H1 2018 (€83.6 million compared with €39.3 million) on the back of book profits from the sale of two holdings
  • Underlying net result amounts to €92.5 million (H1 2018: €47.2 million)
  • Client assets rise 20% to €97.3 billion while AuM adds 23% to €82.6 billion on the back of net inflows of €8.7 billion and a positive stock market performance of €6.9 billion
  • Fully loaded CET 1 ratio increases to 22.7% (2018: 21.4%)
  • Capital return proposal in the amount of €1.50 per share

Click here to read the press release