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The SPI index closed 1.06% higher at 16,950.37 points, reflecting a year-to-date increase of 9.23%. Strong performers included Adval Tech and EFG International, while Pierer Mobility saw the largest decline. UBS led in trading volume, and Nestlé maintained the highest market capitalization.
EFG International reported a net profit of 130 million francs in the first four months of 2025, up from 110 million the previous year, and plans to reveal a new three-year roadmap on November 25. Meanwhile, the rise of stablecoins, favored for their backing by real assets, is attracting interest from traditional financial players, but regulatory concerns are growing among Swiss authorities due to the rapid expansion and associated risks of these digital assets.
Marika Codoni-Sulmoni and Carlo Barbieri have been appointed as new directors of BancaStato, starting their terms in May and June, respectively. Codoni-Sulmoni brings extensive experience from BSI and Banca Unione di Credito, while Barbieri has a long history with Raiffeisen in Ticino.Additionally, Marco Passalia has been promoted to Vice-Chairman of the Board of Directors, continuing under Michela Ferrari-Testa's leadership, and Curzio De Gottardi has been appointed Vice-Chairman of the Executive Committee. Fabrizio Cieslakiewicz remains in charge of the Ticino plant (AWP).
BancaStato has appointed Marika Codoni-Sulmoni and Carlo Barbieri to its supervisory board, filling two vacant seats. Codoni-Sulmoni will start this month, while Barbieri begins in June; both bring extensive banking experience. Marco Passalia has been promoted to Vice-Chairman of the Board, and Curzio De Gottardi has been appointed Vice-Chairman of the Executive Committee.
Giorgio Pradelli has been appointed to the Board and Executive Committee of the Geneva Financial Center Foundation, effective May 12. As the CEO of EFG International and EFG Bank, he will represent the Association of Swiss Asset Management Banks and contribute his extensive expertise in asset management to the board. Pradelli is also a member of the Board of Directors of the Swiss Bankers Association.
Recent executive changes may affect future performance, yet the stock remains significantly undervalued, presenting an opportunity for dividend-seeking investors. The European market is seeing a rise, with the STOXX Europe 600 Index up 3.44%, prompting interest in dividend stocks with strong fundamentals. Notable options include Julius Bär Gruppe (4.73% yield), Zurich Insurance Group (4.29%), and EFG International (4.64%), which, despite some volatility, offers potential value and reliable payouts.
EFG International reports a 6% increase in net profit to CHF 321.6 million and raises its dividend from 55 to 60 centimes per share. However, CEO Pradelli faces challenges in pursuing further acquisitions, raising concerns about sustainable growth amid a difficult M&A environment. While the stock has seen short-term gains, long-term performance remains weak, prompting analysts to question the viability of organic growth without new acquisitions.
EFG International's CEO Giorgio Pradelli noted a scarcity of M&A targets despite strong interest, with potential deals exceeding 5 billion Swiss francs. The firm recently acquired Cite Gestion, but the overall M&A landscape remains subdued amid global economic uncertainties, including U.S. tariff policies.
[Bloomberg]
EFG International's CEO, Giorgio Pradelli, noted a lack of M&A targets despite strong interest, with potential deals exceeding 5 billion Swiss francs. The firm recently acquired Cite Gestion, but the global M&A landscape remains slow as investors await clarity on the effects of US tariffs. Pradelli shared these insights on Bloomberg TV.
EFG International AG
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