Successful SIX months 26 August 2015Zurich Reporter: Stephanie Palmer
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SIX has seen mainly positive results for the first six months of 2015, including increases in operating income for the Swiss Exchange and SIX Securities Services, but a slight dip in net financial results.
Total operating income increased slightly, by 0.7 percent, on the same period in 2014, reaching CHF 887.5 million (€821.6 million). When adjusted for currency effects, this equates to a growth of 6.3 percent.
Earnings before interest and tax increased by 4.4 percent to reach CHF 157.7 million (€145.9 million), but net financial results were down by CHF 14.5 million (€13.4 million), a dip that has been attributed to a combination of a strong Swiss franc and weak capital markets.
This also means that group net profits saw a 2.4 percent dip, reaching CHF 127.5 million (€118 million).
For the Swiss Exchange business area, operating income improved on the same period last year by 8.4 percent to reach CHF 110.5 million (€102.2 million). Earnings before interest and tax in this area also improved by 1.9 percent, reaching CHF 55.8 million (€51.6 million).
This result was attributed to an increase in trading activity compared to the first six months of 2014. Stock exchange trades increased by 39.6 percent and trade turnover was up 30.9 percent. The average market share in trading with Swiss blue-chip stock was also up, reaching 68.9 percent, compared to 66.6 percent this time last year.
The SIX Securities Services business area saw the strongest growth, with operating income seeing a 10.7 percent increase to reach CHF 177.6 million (€164.4 million).
Earnings before interest and tax was also up by 4.5 percent, reaching CHF 30.9 million (€28.6 million).
Settlement transactions saw a sharp increase of 18.4 percent, following the discontinuation of the exchange rate floor, while the volume of securities under custody rose by 9.2 percent.
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