The LLB share

The share of the Liechtensteinische Landesbank is listed on SIX Swiss Exchange. In 2014, LLB investors were able to profit from the positive share price development and an attractive dividend yield.

Market capitalization

The LLB share has been listed on SIX Swiss Exchange in the segment “Main Standard” under the symbol LLB (security number 3019524) since 1993. 1’927’838 LLB shares (2013: 2’306’779) were traded there in 2014, which corresponds to 6.3 percent (2013: 7.5 %) of all shares issued. As at 31 December 2014, the market capitalization of Liechtensteinische Landesbank AG stood at CHF 1’232 million (2013: CHF 1’139.6 million), with a total of 30.8 million shares.

Analysts’ assessments

The Zürcher Kantonalbank (ZKB) analyst Andreas Brun monitored the LLB share in 2014 and regularly published studies and assessments of the LLB Group. Upon publication of the 2014 interim financial report, ZKB adjusted its rating of the LLB share to “overweight”, with reference to the strategic repositioning that was progressing according to plan. After the Swiss National Bank (SNB) had abandoned the minimum exchange rate of the Swiss franc to the Euro ZKB corrected its rating to “market weight” on 20 January 2015 and kept its rating even after advance information on 5 February 2015 concerning the Group net profit for 2014.

The Swiss branch of the Frankfurt MainFirst Bank reassumed covering LLB on 1 October 2014. The successful repositioning, the strong equity basis and the greatly improved profitability convinced the financial analyst Tomasz Grzelak in the Zurich financial centre to first rate the LLB share as “overweight”. He subsequently downgraded it to “neutral” after advance information that LLB was expecting a lower Group net profit in the wake of the Swiss National Bank’s decisions.

Communication with the capital market

The LLB Group aims to provide an up-to-date picture of the opportunities and risks relating to our business activities by engaging in an open and ongoing dialogue with investors, analysts and representatives of the media. As a listed company, we are obliged to publish share-price relevant information, including ad hoc information about events that may affect the share price, by means of media communiqués to all stakeholders. We simultaneously, comprehensively and regularly inform shareholders, clients, employees and the public about our business performance, value drivers as well as our strategy and provide them with an overview of our financial and operational key figures. The aim is to ensure that the price of the LLB share fairly reflects the value of the company.

The LLB Group publishes annual and interim financial reports, comprising media and analyst conferences as well as conference calls for analysts, investors and the media. At the General Meetings of Shareholders, the Board of Directors and the Board of Management provide transparent reporting on business performance. Moreover, in the course of the year, we have regular discussions with investors, inform the public within the scope of roadshows and participate in specialist conferences for financial analysts and investors.

All publicly accessible information about the LLB Group can be accessed on our web site at www.llb.li. The public is welcome to register for electronically provided share-price relevant information about the LLB Group at www.llb.li/registration. Additionally, we publish our information via social media channels (Facebook, Twitter). The annual and interim financial reports are published by us in printed form and have also been available in a comprehensive online version with numerous additional functions since 2005. The 2014 Annual Report can be accessed online at: gb2014.llb.li (German); ar2014.llb.li (English).

top of page