(News Bulletin 247) – Following the announcement of the results for the 1st quarter of 2023, UBS confirms its neutral advice on the value with an unchanged target of 39 E.
‘ Revenue of 271 million euros in the 1st quarter was 10% higher than forecast (+9% compared to UBSe), with growth at constant exchange rates of 23% year-on-year (forecast + 12%, UBSe +14%) ‘ indicates UBS.
‘ Both sales channels beat the competition with growth of +24% for individuals (+13% consensus, UBSe +14%) and +21% for wholesalers (+9% consensus, UBSe +14 %) ‘ adds the analysis office.
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