Investor Relations First Quarter 2017 Results

First Quarter 2017 Results

On April 26, 2017, Credit Suisse Group presented its first quarter 2017 results.

The first quarter 2017 has provided further confirmation that we are delivering profitable and compliant growth, that we are executing with discipline and that we have generated positive momentum across our businesses. The Board of Directors of Credit Suisse Group AG proposes to raise capital by way of a fully underwritten rights offering for which the net proceeds are expected to amount to approximately CHF 4 billion and to retain full ownership of the Swiss bank.

  • Group net revenues of CHF 5.5 billion, up 19% compared to 1Q16
  • Group pre-tax income of CHF 670 million, compared to pre-tax loss of CHF 484 million in 1Q16
  • Group adjusted* pre-tax income of CHF 889 million, compared to adjusted* pre-tax loss of CHF 173 million in 1Q16, representing CHF 1.1 billion of adjusted* pre-tax income growth year on year
  • Net income attributable to shareholders of CHF 596 million, compared to a net loss attributable to shareholders of CHF 302 million in 1Q16

* Adjusted results are non-GAAP financial measures. For a reconciliation of the adjusted results to the most directly comparable US GAAP measures, see the Appendix of the media release for reconciliations of adjustment items.

Webcast Replay

  • Presentation to investors and analysts / Q&A (English)
  • Presentation to the media (English | German)

Telephone Conference Replay

  • Switzerland: +41 44 580 34 56
  • Europe: +44 1452 550 000
  • USA: +1 866 247 4222

The telephone replay function will be available for 10 days.

Conference IDs

  • Presentation to investors and analysts: 4915215#
  • Presentation to the media: EN: 4973858# | DE: 4980495#