Ad hoc announcement - GAM Holding AG provides an update on full year 2021 results
18 January 2022 - 05:00PM
Ad hoc announcement - GAM Holding AG provides an update on full
year 2021 results
18 January 2022
PRESS RELEASE
Ad hoc announcement pursuant to Art. 53 listing rules:
GAM Holding AG provides
an update on full
year 2021
results
GAM today provides an
update in accordance with its
obligations under the listing rules of the SIX Swiss
Exchange (article 53), in relation to the Group’s expected results
for the full year
2021.
The Group expects to report an IFRS net loss after tax of
approximately CHF 30 million for the full year of 2021. This
compares to an IFRS net loss after tax of CHF 388.4 million for the
full year 2020.
The Group also expects to report an underlying loss before tax
of approximately CHF 10 million. This compares to a CHF 14.9
million underlying loss before tax for the full year 2020.
GAM will announce its 2021 full year results on 17 February
2022.
Upcoming events:
17 February
2022 Full
Year results 2021
For further information please contact:
Charles Naylor
Global Head of
Communications and Investor RelationsT +44 20 7917 2241
Investor
Relations Media
Relations Media
Relations Jessica
Grassi Kathryn
Jacques Ute Dehn
Christen T +41 58
426 31 37 T +44 20 7393 8699 T
+41 58 426 31
36
Visit us: www.gam.comFollow us: Twitter und LinkedIn
About GAMGAM is a leading independent,
pure-play asset manager. The company provides active investment
solutions and products for institutions, financial intermediaries
and private investors. The core investment business is complemented
by private labelling services, which include management company and
other support services to third-party asset managers. GAM employed
652 FTEs in 14 countries with investment centres in London,
Cambridge, Zurich, Hong Kong, New York, Milan and Lugano as at 30
June 2021. The investment managers are supported by an extensive
global distribution network. Headquartered in Zurich, GAM is listed
on the SIX Swiss Exchange with the symbol ‘GAM’. The Group has AuM
of CHF 103 billion1,2 (USD 110.4 billion) as at 30 September
2021.
Disclaimer regarding forward-looking
statementsThis press release by GAM Holding AG (‘the
Company’) includes forward-looking statements that reflect the
Company’s intentions, beliefs or current expectations and
projections about the Company’s future results of operations,
financial condition, liquidity, performance, prospects, strategies,
opportunities and the industry in which it operates.
Forward-looking statements involve all matters that are not
historical facts. The Company has tried to identify those
forward-looking statements by using words such as ‘may’, ‘will’,
‘would’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’,
‘project’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and
similar expressions. Such statements are made on the basis of
assumptions and expectations which, although the Company believes
them to be reasonable at this time, may prove to be erroneous.
These forward-looking statements are subject to risks,
uncertainties, assumptions and other factors that could cause the
Company’s actual results of operations, financial condition,
liquidity, performance, prospects or opportunities, as well as
those of the markets it serves or intends to serve, to differ
materially from those expressed in, or suggested by, these
forward-looking statements. Important factors that could cause
those differences include, but are not limited to: changing
business or other market conditions, legislative, fiscal and
regulatory developments, general economic conditions, and the
Company’s ability to respond to trends in the financial services
industry. Additional factors could cause actual results,
performance or achievements to differ materially. The Company
expressly disclaims any obligation or undertaking to release any
update of, or revisions to, any forward-looking statements in this
press release and any change in the Company’s expectations or any
change in events, conditions or circumstances on which these
forward-looking statements are based, except as required by
applicable law or regulation.
1 Including CHF 20.5m of equity funds in liquidation (GAM
Star (Lux) European Momentum).
2 Including CHF 257.0m of absolute return funds in liquidation
(GAM Star (Lux) European Alpha, GAM Absolute Return Equity
Europe, GAM Star (Lux) Convertible Alpha, GAM Star
(Lux) Global Alpha).
- 2021 01 18 Adhoc FY21 Media release_EN
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