at a glance

	2020	2019 restated*	Change
Consolidated income statement (in CHF 1'000)
Revenues from asset management services	108 819	102 156	+6.5%
Total operating income	109 851	101 368	+8.4%
Total operating expenses	– 63 599	– 60 905	– 4.4%
Total operating profit	46 252	40 463	+14.3%
Group profit before tax from continuing operations	31 897	27 875	+14.4%
Group net profit from continuing operations	23 022	19 460	+18.3%
Group net profit	22 304	14 033	+58.9%

Cost/Income ratio 1)	57.9%	60.1%	–
Undiluted/Diluted earnings per share (in CHF)	+1.72	+1.45	+18.6%

Asset under management (in CHF million) 2)
Total managed assets	12 038	10 599	+13.6%
Net new money	377	422	– 10.7%

Consolidated balance sheet (in CHF 1'000)
Total assets	235 564	393 146	– 40.1%
Total liabilities	69 748	194 796	– 64.2%
Total shareholders' equity	165 816	198 350	– 16.4%
Total shareholders' equity after the proposed dividend	111 970	144 504	– 22.5%

Equity per share (in CHF)	12.32	14.73	– 16.4%
Return on equity 3)	21.7%	12.2%	–

Dividend
Ordinary dividend per share (in CHF) 4)	1.50	1.25	+20.0%
Special dividend per share (in CHF) 4)	2.50	2.75	– 9.1%
Dividend yield (excl. special dividend) 5)	4.9%	5.2%	–

Staff (FTE)
Number of staff at cutoff date	98.7	116.3	– 15.1%
Year average number of staff	100.4	113.1	– 11.2%

Share price
Share price of Bellevue Group registered shares (in CHF) as at 31.12.	30.80	23.90	+28.9%
Year low / Year high (in CHF) 6)	19.70 / 31.00	18.47 / 24.60
Market capitalization (in CHF million)	415	322	+28.9%

^*) The previous-year period has been adjusted. We refer to the statements on the change in presentation in section 16.3 and on the correction of errors in section 4.2.
¹⁾ Defined as: operating expenses / operating income
²⁾ Related to continuing operations
³⁾ Based on group net profit and average shareholders' equity after deduction of the proposed dividend
⁴⁾ Proposal of the Board of Directors to the Annual General Meeting
⁵⁾ Calculated from share price as at 31.12.
⁶⁾ End of day prices