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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
Dated April 30, 2004
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 30, 2004
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Commission File Number 001-15244
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CREDIT SUISSE GROUP
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(Translation of registrant's name into English)
Paradeplatz 8, P.O. Box 1, CH-8070 Zurich, Switzerland
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F
Form 20-F /X/ Form 40-F / /
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Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):
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Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):
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Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws
of the jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant's "home country"), or under the rules of
the home country exchange on which the registrant's securities are traded, as
long as the report or other document is not a press release, is not required
to be and has not been distributed to the registrant's security holders, and,
if discussing a material event, has already been the subject of a Form 6-K
submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes / / No /X/
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
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[GRAPHIC OMITTED CREDIT SUISSE GROUP] Media Relations
Credit Suisse GROUP
P.O. Box 1
CH-8070 Zurich
www.credit-suisse.com
Telephone +41 1 333 88 44
Telefax +41 1 333 88 77
media.relations@credit-suisse.com
CREDIT SUISSE GROUP EXPECTS TO REPORT NET INCOME OF APPROXIMATELY CHF 1.8
BILLION FOR THE FIRST QUARTER OF 2004
ZURICH, APRIL 30, 2004 - IN CONNECTION WITH ITS ANNUAL GENERAL MEETING, CREDIT
SUISSE GROUP TODAY ANNOUNCED THAT IT EXPECTS TO REPORT NET INCOME OF
APPROXIMATELY CHF 1.8 BILLION FOR THE FIRST QUARTER OF 2004. THE GROUP'S FIRST
QUARTER RESULTS - WHICH WILL BE REPORTED UNDER US GAAP FOR THE FIRST TIME - WILL
BE PUBLISHED IN FULL ON MAY 5, 2004.
Credit Suisse Group anticipates that it will record net income of approximately
CHF 1.8 billion for the first quarter of 2004. Credit Suisse Financial Services
expects to report net income of approximately CHF 1.1 billion for the first
quarter of 2004, reflecting very good performance across all of its businesses,
as well as strong net new asset growth in Private Banking. Credit Suisse First
Boston expects to report net income of approximately CHF 750 million for the
first quarter of 2004, driven by strong revenue growth, improved market trading
opportunities and cost discipline.
Oswald J. Gruebel and John J. Mack, Co-CEOs of Credit Suisse Group, said: "The
Group has achieved a very promising start to 2004, with strong results across
all segments, enhanced by healthy levels of client activity and more favorable
economic conditions. We are particularly pleased by our strong first quarter
performance in Private Banking, as well as by the positive results at Credit
Suisse First Boston, which demonstrate its operating leverage."
The Group's first quarter results will be published in full on May 5, 2004.
ENQUIRIES
Credit Suisse Group, Media Relations Telephone +41 1 333 88 44
Credit Suisse Group, Investor Relations Telephone +41 1 333 45 70
CREDIT SUISSE GROUP
Credit Suisse Group is a leading global financial services company headquartered
in Zurich. The business unit Credit Suisse Financial Services provides private
clients and small and medium-sized companies with private banking and financial
advisory services, banking products, and pension and insurance solutions from
Winterthur. The business unit Credit Suisse First Boston, an investment bank,
serves global institutional, corporate, government and individual clients in its
role as a financial intermediary. Credit Suisse Group's registered shares (CSGN)
are listed in Switzerland and in the form of American Depositary Shares (CSR) in
New York. The Group employs around 60,800 staff worldwide. As of December 31,
2003, it reported assets under management of CHF 1,199.0 billion.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking
statements. In addition, in the future we, and others on our behalf, may make
statements that constitute forward-looking statements. Such forward-looking
statements may include, without limitation, statements relating to our plans,
objectives or goals; our future economic performance or prospects; the potential
effect on our future performance of certain contingencies; and assumptions
underlying any such statements. Words such as "believes," "anticipates,"
"expects," "intends" and "plans" and similar expressions are intended to
identify forward-looking statements but are not the exclusive means of
identifying such statements. We do not intend to update these forward-looking
statements except as may be required by applicable laws. By their very nature,
forward-looking statements involve inherent risks and uncertainties, both
general and specific, and risks exist that predictions, forecasts, projections
and other outcomes described or implied in forward-looking statements will not
be achieved. We caution you that a number of important factors could cause
results to differ materially from the plans, objectives, expectations, estimates
and intentions expressed in such forward-looking statements. These factors
include (i) market and interest rate fluctuations; (ii) the strength of the
global economy in general and the strength of the economies of the countries in
which we conduct our operations in particular; (iii) the ability of
counterparties to meet their obligations to us; (iv) the effects of, and changes
in, fiscal, monetary, trade and tax policies, and currency fluctuations; (v)
political and social developments, including war, civil unrest or terrorist
activity; (vi) the possibility of foreign exchange controls, expropriation,
nationalization or confiscation of assets in countries in which we conduct our
operations; (vii) the ability to maintain sufficient liquidity and access
capital markets; (viii) operational factors such as systems failure, human
error, or the failure to properly implement procedures; (ix) actions taken by
regulators with respect to our business and practices in one or more of the
countries in which we conduct our operations; (x) the effects of changes in
laws, regulations or accounting policies or practices; (xi) competition in
geographic and business areas in which we conduct our operations; (xii) the
ability to retain and recruit qualified personnel; (xiii) the ability to
maintain our reputation and promote our brands; (xiv) the ability to increase
market share and control expenses; (xv) technological changes; (xvi) the timely
development and acceptance of our new products and services and the perceived
overall value of these products and services by users; (xvii) acquisitions,
including the ability to integrate successfully acquired businesses; (xviii) the
adverse resolution of litigation and other contingencies; and (xix) our success
at managing the risks involved in the foregoing. We caution you that the
foregoing list of important factors is not exclusive; when evaluating
forward-looking statements, you should carefully consider the foregoing factors
and other uncertainties and events, as well as the risks identified in our most
recently filed Form 20-F and reports on Form 6-K furnished to the US Securities
and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CREDIT SUISSE GROUP
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(Registrant)
Date April 30, 2004 By: /s/ David Frick
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(Signature)*
Member of the Executive Board
*Print the name and title of the signing
officer under his signature. /s/ Karin Rhomberg Hug
Managing Director