VZ Group Reports Strong Financial Growth in 2024

VZ Holding AG has announced a robust financial performance for 2024, with revenue rising by 13.2% to 525.1 million Swiss francs. The group's profit surged by 17.1%, reaching 219.1 million francs. CEO Giulio Vitarelli indicated expectations of slower growth in 2025 due to anticipated stable but less dynamic financial markets.

Diverse revenue streams fueled the company's performance, notably a 16.3% increase in asset management revenue. However, banking income growth was modest at 5.6%, influenced by policy rate cuts. Despite potential headwinds from lower interest rates, demand for VZ's financial consultancy services remains high, propelling a 13% rise in platform clients.

Total assets expanded to 7.5 billion francs, and a solid capital position supports the group's strategy to distribute 50% of profits as dividends, proposing a raise to 2.73 francs per share. VZ's long-term outlook remains positive, driven by continual demand and planned consultancy capacity expansions.