ZURICH and BASEL, Switzerland–(BUSINESS WIRE)–Regulatory News:
Ad hoc announcement pursuant to Article 53 LR.
UBS (NYSE:UBS) (SWX:UBSN) has released its annual report, presenting fully audited results for the year ended December 31, 2023. It provides comprehensive and detailed information about the company, the Credit Suisse acquisition, on our strategy, business, governance and remuneration, financial performance and risks, treasury and capital management, as well as the regulatory and operational environment in 2023.
Following the release of our fourth quarter 2023 unaudited financial report on February 7, 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 $1.20. billion, reducing negative goodwill to $27.7 billion. Our net profit attributable to shareholders was therefore $27.8 billion for 2023, down from $29 billion. Diluted earnings per share decreased by $0.36 to $8.45. Furthermore, the CET1 capital ratio fell from 14.5% to 14.4%.
The Sustainability Report provides details on UBS’s sustainability and impact strategy, including how the firm is meeting clients’ sustainable finance and investment needs. It also sets out our ambition to achieve net-zero greenhouse gas emissions under our Scope 1 and 2 and specifies Scope 3 activities by 2050. Additionally, it provides details on our revised decarbonisation targets, as well as the our updated sustainability and climate risk policy. regulatory framework, following the acquisition of Credit Suisse.
The reports, along with related disclosures, are available at www.ubs.com/annualreporting. They are filed with the United States Securities and Exchange Commission (Form 20-F for the Annual Report and Form 6-K for the Sustainability Report).
Credit Suisse AG, a UBS Group AG (NYSE:) company, also released its 2023 Annual Report, which includes audited financial statements for the year ended December 31, 2023. The report is available at www.credit -suisse.com/about -us/en/reports-research/annual-reports.html.
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Source: UBS Group SA