Van Lanschot Kempen: net profit rises 13% to €141.9 million with strong net AuM inflows of €9.2 billion

Maarten Edixhoven, Chair of the Management Board, said: “We look back on a successful 2024. Against the backdrop of a challenging geopolitical environment, we supported our clients as their trusted adviser. We see strong commercial momentum across all our client segments and we continue to invest in scalable growth with an emphasis on excellent service for our clients, in line with our ‘Growing further together’ strategy. 

“Our assets under management (AuM) grew by 17% to €149.3 billion, well ahead of our 10% target for average annual growth. Net inflows were robust and amounted to €9.2 billion. In private banking we gained market share, reflecting the trust that both existing and new clients put in us, both in the Netherlands and in Belgium. 

“In the Private Clients Netherlands segment, net AuM inflows were €2.1 billion, mainly from new clients entrusting us with their wealth. Private Clients Belgium had net inflows of €2.2 billion. Mercier Van Lanschot, our brand in Belgium since January 2024, successfully positioned itself as a challenger in the growing Belgian private banking market, and proved to be very attractive to both clients and prospects. Meanwhile, our Investment Management Clients segment also achieved solid net AuM inflows of €4.9 billion, of which €1.0 billion came through our active investment strategies – a clear sign of appreciation for our in-house investment expertise. At Investment Banking Clients, we advised clients across Europe on over 25 transactions. 

“The rise in AuM led to a 20% increase in our commission income, which was partly offset by lower interest income in the wake of reduced interest margins and clients shifting a proportion of their wealth from savings into investments in view of the bullish stock market environment. We kept our costs well under control, while continuing to invest in scalable growth, particularly in our private banking activities in the Netherlands, Belgium and Switzerland. We brought in fresh talent and invested in our IT infrastructure, as well as in developing and expanding our private markets solutions and in further digitalisation to support our client services. Our net profit advanced 13% to €141.9 million, to which all of our four client segments contributed. We improved our cost/income ratio to 70.1%, which takes us close to our 2027 target range of 67-70%. 

“We likewise made progress on our sustainability targets, reducing both the average carbon footprint of our own organisation and the carbon intensity of our investments. 

“We’re well on our way to achieving the ambitious goals of our ‘Growing further together’ strategy by 2027, and I’m proud of all the colleagues who contribute to this every day. We continue to keep a close eye on the impact of external developments and on potential bolt-on acquisitions that fit well. 

“I’d like to thank our clients and shareholders for the trust they’ve once again placed in us and the valuable relationships we’ve established and deepened in 2024. At defining moments in a person’s life or in the world around us, they can count on us to maintain a steady course. For us, it’s always about having real conversations about the things that matter, ensuring appropriate solutions and personal service, now and for future generations.”  

Performance report, presentation and webcast 

For a detailed discussion of Van Lanschot Kempen’s results and balance sheet, please see our performance report and presentation on the 2024 full-year results in the Financial results section. In a conference call on 27 February at 9:00 am CET, we will discuss our 2024 full-year results in greater detail. This can be viewed live at Financial results and played back later. 

Financial calendar 

10 April 2025 - Extraordinary general meeting (EGM) 
7 May 2025 - Publication of first-quarter 2025 trading update 
22 May 2025 - Annual general meeting (AGM) 
26 May 2025 - Ex-dividend date 
3 June 2025 - 2024 dividend payment date 
24 June 2025 - Ex-capital return date 
26 June 2025 - Capital return payment date 
28 August 2025 - Publication of 2025 half-year results 
28 October 2025 - Publication of third-quarter 2025 trading update 

Please find the full press release under the ‘Download’ section for more information.