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Stock impact report

UBS publishes 2023 Annual Report and Sustainability Report

UBS Group AG Registered Ordinary Shares (UBS) 
Company Research Source: Business Wire
ZURICH & BASEL, Switzerland--(BUSINESS WIRE)--Regulatory News:Ad hoc announcement pursuant to Article 53 LR.UBS (NYSE:UBS) (SWX:UBSN) has published its Annual Report, presenting fully audited results for the year ending 31 December 2023. It provides comprehensive and detailed information on the firm, the acquisition of Credit Suisse, our strategy, business, governance and compensation, financial performance and risk, treasury and capital management, as well as on the regulatory and operating environment in 2023.Following the publication of the unaudited fourth quarter 2023 financial report on 7 February 2024, we have refined our acquisition-date fair value estimates in accordance with the 12-month measurement period requirements provided by IFRS 3. This has resulted in an adjustment of USD 1.2 billion, decreasing the negative goodwill to USD 27.7 billion. Our net profit attributable to shareholders therefore was USD 27.8 billion for 2023, down from USD 29 billion. Diluted earnings Show less Read more
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