SIX in the present day revealed chosen monetary figures for the primary half of 2023.
Working earnings elevated to CHF 771.1 million (+2.6%, or +4.4% at fixed currencies). The non-operating outcome decreased on a half-year foundation attributable to one-off optimistic results within the earlier yr.
Earnings earlier than curiosity and tax (EBIT) consequently fell by 17.4% to CHF 133.3 million (-14.9% at fixed currencies).
Group internet revenue is down by 13.3% at CHF 105.1 million (-10.3% at fixed currencies).
In a difficult market setting, dominated by inflation and rising rates of interest, SIX achieved a very good outcome for the primary half of the yr. SIX elevated its working earnings by 2.6% year-on-year to CHF 771.1 million, with development at fixed currencies coming to 4.4%. Put up-trading enterprise made a specific contribution to this improve because of excessive volumes on the repo markets and the info enterprise with profitable contract wins.
These optimistic developments greater than compensated for decrease earnings within the Banking Companies enterprise unit and declining inventory change buying and selling volumes, which had been larger within the earlier yr.
On the identical time, SIX stored its value base steady regardless of a difficult setting attributable to inflation, with prices up solely barely year-on-year (+1.4%). Total, this resulted in a 5.6% improve within the working outcome earlier than curiosity, tax, depreciation and amortization (EBITDA) to CHF 225.6 million.
As a consequence of a optimistic one-off impact from the total acquisition of the commerce repository Regis-TR within the first half of 2022, earnings earlier than curiosity and tax (EBIT) declined to CHF 133.3 million (-17.4%) and Group internet revenue to CHF 105.1 million (-13.3%).
Within the reporting interval, 5 Chinese language firms generated gross proceeds of roughly USD 1.2 billion in complete from the itemizing of their world depository receipts on SIX Swiss Alternate. The Spanish inventory change BME welcomed 4 new firms to its BME Development section for small and medium-sized enterprises. The brand new firms raised a complete of roughly EUR 23 million in capital. In January, the Swiss metropolis of Lugano additionally positioned the world’s first digital authorities bond on a regulated monetary market infrastructure with SIX Digital Alternate (SDX).
In Might, SIX started cooperating with FlexTrade to supply the streaming of world market information in actual time utilizing a cloud-based answer. SIX additionally partnered with the Greek Piraeus Financial institution in June, taking up accountability for its worldwide property. As well as, SIX posted a brand new month-to-month document of 6 million transactions for its end-to-end digital bill eBill in Might.
Jos Dijsselhof, CEO of SIX, emphasizes:
“With this improve in our working earnings for the primary half of the yr, we’re on observe to attain our medium-term goal for annual turnover development of 4 %. Our well-diversified enterprise mannequin has thus confirmed profitable once more. Even in these difficult occasions, our companies and improvements guarantee entry to the capital markets and the stream of data and cash between monetary market gamers in Switzerland and overseas.”